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Media CEO Pay Defied Gravity In 2024: Would They Ever Work For Less? David Zaslav Package “Triple-A” As WBD Debt Downgraded To Junk
Media CEO pay rose in 2024 as U.S. consumers see tariff-induced inflation and shareholders face volatile markets.
The annual SEC filings that list the pay of the top five highest-paid executive officers keep flowing until the end of April for companies on a calendar year, so many more hit since and the increase is likely to be higher. Those expenses squeezed WBD’s revenue and other financial metrics, but the board calculated Zaslav’s cash bonus and incentive compensation as if they never existed, calling them “events over which management has little or no influence and … that were not considered at the time the targets were set,” according to the proxy. The proxy advisory ISS slammed the company’s board in a note this week ahead of its annual meeting in June for “limited responsiveness to shareholder concerns” and advised a “no” vote on pay.
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