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Warner Bros. Discovery CEO David Zaslav saw pay jump to $50M despite company's continued losses
WBDWarner Bros. Discovery(WBD) New York Post·2024-04-19 15:15

Warner Bros. Discovery CEO David Zaslav’s annual compensation rose nearly 27% to 49.7millionin2023,afilingwiththeSecuritiesandExchangeCommissionshowedonFriday.Theriseinpaywaspartlyrelatedtotheloss−makingmediaconglomerate’sdecisiontoalignitsexecutivecompensationtofocusmoreondebtreductionandfreecashflow.WarnerBrosDiscoveryreportedan8649.7 million in 2023, a filing with the Securities and Exchange Commission showed on Friday.The rise in pay was partly related to the loss-making media conglomerate’s decision to align its executive compensation to focus more on debt reduction and free cash flow.Warner Bros Discovery reported an 86% jump in free cash flow to 6.16 billion in 2023, largely because of lower spending during the Hollywood strikes that had paralyze ...