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Media CEO Pay Mostly Up For 2023 Amid Strikes, Industry Contraction
Media CEO pay was high in 2023 amid Hollywood strikes, industry contraction and lots of questions about the future of the industry.
Big proxy advisory service ISS weighed in on the package ahead of the annual meeting, noting “a front-loaded equity grant, the aggregate magnitude of which is considered excessive.” WBD’s proxy say Zaslav’s package was tied to his “exceptional leadership” int he face of many difficulties, including a “once-in-a-generation work stoppage in our industry during 2023 as both WGA and SAG-AFTRA went out on strike for several months.” Media companies have taken big write-downs over the past year as they shifted content strategy including canceling and killing projects and removing shows from their platforms.
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