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WBD shareholders vote against the $ 52 million Zaslav’s salary package

remon Buul by remon Buul
June 3, 2025
in Business
0
WBD shareholders vote against the $ 52 million Zaslav’s salary package

The majority of Discovery Warner Bros. The shareholders who voted during the annual meeting of the company in 2025 obviously believed the CEO David Zaslav And other best executives earn too much.

During the annual WBD shareholders’ meeting held on June 2, investors voted a non -binding “advice” measure to approve the 2024 compensation packages in Zaslav and the other members of the High Direction of the Company, according to the A dry file. Such a measure is called a “dissolved” vote, designed to give shareholders a voice in the expression of their approval – or its disapproval – of the remuneration of the financial year.

According to WBD accounts, 724.5 million shares voted “for” the committee in the remuneration of managers and 1.06 billion shares voted “against” the measure – which means that almost 60% of the votes expressed were against the remuneration packages. In addition, 5.69 million shares did not vote (abstentions) and 307.38 million non-votes of brokers.

In a declaration at VarietyThe board of directors of Warner Bros. Discovery said: “The board of directors of Warner Bros. Discovery appreciates the opinions of all its shareholders and takes seriously the results of the annual advisory vote on the remuneration of managers.

For 2024, Zaslav’s remuneration package increased 4% to $ 51.9 millionAccording to the last declaration of proxy of the company. His base salary was $ 3 million and he received scholarships worth $ 23.1 million, a bonus remuneration of $ 23.9 million and “all other” compensation of $ 1.9 million.

Zaslav had a 2023 remuneration package worth $ 49.7 million, up 26.5% compared to the previous year. Its remuneration totaled $ 39.3 million in 2022, after receiving an astonishing 246.6 million dollars (including 203 million dollars in share options) in 2021.

The 2024 remuneration packages for the other senior executives of Warner Bros. Discovery were: the financial director Gunnar Wiedenfels, $ 17 million (flat with his compensation for 2023); Bruce Campbell, responsible for income and strategy, $ 19.8 million (up 8%); The CEO and president of Global Streaming and Games JB Perrette, $ 19.7 million (down 2%); And international president Gerhard Zeiler, $ 14.8 million (up more than 11%).

See also: CEO of the media pays the packages in 2024: the air up there

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