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Warner Bros. Discovery Lost $11.5 Billion in 2024. So How Did CEO David Zaslav Exceed His Bonus Targets?


Here's how the Warner Bros. Discovery board's compensation committee calculated CEO David Zaslav's bonuses for 2024.

Apparently, among those wondering about this were the company’s own investors: At the 2025 annual stockholders meeting, a majority of shares were cast against a non-binding advisory to approve the pay packages of Zaslav and other top brass. Discovery pays senior managers like Zaslav in a way that’s supposed to “align our executives’ interests with those of our stockholders,” as the company says in its latest proxy statement. As noted, WBD’s revenue declined in 2024 and came in below the “100% payout” threshold of $40.4 billion set by the compensation committee for Zaslav to be eligible for that portion of the cash bonus.

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David Zaslav

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