Warner Bros. Discovery experienced difficulties throughout 2024, but there were few opposite winds for the CEO's remuneration package David Zaslav, which increased to nearly $ 52 million.
The noble remuneration plan – which swelled 4% compared to the previous year – maintains The Zaslav is standing As one of the most paid executives in America, in front of its Hollywood counterparts. The managing director of Walt Disney Co., Bob Iger, who runs a much larger company, was paid $ 41 million last year.
Friday, Warner Bros. Discovery published his declaration of annual proxy, revealing major changes to his board of directors. In a striking decision, Zaslav's mentor – the cable television pioneer John Malone – announced his intention to resign as a member of the vote. Zaslav has Worked for Malone For 18 years and Malone was very influentialL.
Malone will remain in a newly created position of emeritus chair.
The 84 -year -old billionaire will attend meetings of the board of directors of Warner Bros. Discovery and “will provide strategic advice and support for the board of directors and the management team,” said a statement. The change will come into force with the elections to the board of directors in June, within the framework of the annual meeting of the shareholders of the company.
John C. Malone, president of Liberty Media and CEO of Discovery Holding Company, attended the Allen & Company Sun Valley conference in Sun Valley, Idaho, Thursday July 12, 2012.
(Paul at first / AP)
Warner Bros. Discovery aroused the interests of militant shareholders while the action of Languit company. Actions sank last spring when investors felt that Warner Bros. Discovery would abandon the Rights on the National Basketball Assn. For his TNT channel.
The company, which has dozens of wired channels, has been punished in the middle of the recognition of Wall Street of the decrease the prospects for this company formerly extremely profitable. Last summer, the company took a reduction of $ 9 billion to reflect the lower value of these basic cable channels.
The stock is down 55% from the smallest cable channel company, Discovery, managed by Zaslav and Malone, swallowed the much larger Warnermedia, which includes HBO, CNN, TBS and the prolific Burbank studios. The stock was punished this month in the midst of market disorders on President Trump's prices.
The action dropped 1.6% on Friday at $ 7.97. Actions have lost almost a quarter of their value this year.
After the meeting of June shareholders, three new administrators will have seats in the conference room. Earlier this year, Anthony Noto and Joey Levin were appointed to the board of directors. This week, the company announced that Anton Levy would also join.
Earlier, the company announced that Warner Bros. Discovery Board would go to 14 administrators of the board of directors with the addition of Levy. Now, with Malone's decision this week not to defend the re -election, the company said that the Council would remain at 13 members.
“Malone's decision not to defend the re -election was not the result of a disagreement with the company on any questions concerning the operations, policies or practices of the company,” said the company in a regulatory file.
“It was a privilege to sit at the Warner Bros. Discovery Board and work alongside David and his exceptional team to help guide the company through a merger defining industry and its continuous transformation,” Malone said in a press release.
Zaslav also gave accessories to his boss.
“John has one of the most brilliant strategic minds that our industry has ever known,” Zaslav said in a statement.
Unlike many other media leaders, Zaslav's remuneration package is not entirely linked to the performance of the company. He received 3 million dollars in base salary, almost $ 24 million in money, $ 23 million on scholarships and $ 2 million in other remuneration, according to proxy.
Financial director Gunnar Wiedenfels received $ 17 million in compensation, on a stable of the previous year. The director of income and strategy Bruce L. Campbell raised $ 19.8 million, up 8% compared to 2023. The director general of streaming, Jean-Briac, Perrette, received $ 19.7 million, slightly down compared to the previous year.
