Warner Bros. Discovery shareholders have voted against CEO David Zaslav’s 2024 compensation package of $51.9 million, with over 59% opposing the proposal.
00:00Warner Brothers Discovery shareholders have voted against CEO David Zaslav's 2024 compensation package of $51.9 million,
00:10with over 59% opposing the non-binding proposal, a clear signal of investor frustration amid a nearly 60% drop in the company's stock since its merger a few years ago.
00:22Zaslav's pay, which exceeds that of peers like Disney's Bob Iger and Comcast's Brian Roberts,
00:28has drawn criticism for being tied more to free cash flow and debt reduction than to actual stock performance.
00:34Despite efforts to cut debt from $55 billion to $38 billion, Warner Brothers Discovery continues to face challenges,
00:41including declining cable revenues and a recent credit downgrade by S&P Global.
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