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WBD Shareholders Nix David Zaslav’s 2024 Pay Package In Non-Binding Vote
Shareholders at Warner Bros. Discovery gave a thumbs down to CEO David Zaslav’s $51.9 million pay package.
WGA Strikers, David ZaslavGetty Images The vote, informally called say-on-pay, is required at publicly traded companies but nonetheless non-binding. Discovery, however, Zaslav’s pay has been in the spotlight for years, including on the picket lines during the recent Hollywood strikes. Stockholders at the company’s annual meeting declined to approve, “on a non-binding, advisory basis, the 2024 compensation of the Company’s named executive officers,” WBD noted in an SEC filing with the result of votes cast showing that 59% of shareholders who cast ballots voted against WBD’s pay plans.
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