David Zasslav gets a wage reduction

David Zaslav, the founding CEO of the company, formerly known as Warner Bruce Discovery (the company, which was once two separate but one, has become one, It is divided againIt is often accused of being bad in his job, and now, it seems that the people who pay his salary may agree.

A New report Through the deadline, Zaslav is scheduled to receive a significant reduction in wages this year. Quoting the recently deadline profile, the deadline indicates that a new business agreement “will significantly reduce its target annual compensation, including reducing the opportunity of its annual cash compensation and redirecting the total wage mixture towards long -term incentives.” This shift “will” strengthen stronger alignment with the stock campaign and stimulate constant creation and value in the long run, “says the document.

In 2023, the Zaslav compensation package was greatly strengthened than it was in 2022. Zaslav got a package of approximately $ 50 million. This represents 26.5 percent increase During the previous year, which was reported to have achieved a total of $ 39.2 million. These payments were stumbled compared to 2021, when Zasslav is technically Make 246 million dollars One of the options attached to a new multi -year employment contract with the company.

Now, Zaslav will cut its wages and go, to improve the “alignment” of her with the “payment for performance” model that the shareholders have defended. The director explains on his new zaslav salav:

After the separation, Zaslav will have a contract until December 31, 2030, and a basic salary of $ 3 million per year. The expected annual monetary reward opportunity will be reduced to $ 6 million, with actual payment based on achieving the performance goals established by the Streaming & Studios Compensation Committee. The annual rewards are subject to 200 % of the target amount. Zaslav will also qualify for annual stock awards after separation under Streaming & Studios stock incentives. The target value of the prizes will be $ 15.5 million in the first year in which Zaslav receives a stock & studios shares and will decline to an annual targeted value of $ 7.5 million annually after that.

Zaslav took power at Warner Bros. Discovery immediately after the integration between the two, and its strategy (which consumers and fans often display) was the start of reducing expenses and projects while overseeing a large number of demobilization operations. The company’s re -division has been largely online, although Zasslav has set a happy spinning on the development: “I touched the cultural importance of this great company and the influential stories that it brought to more than a century of countless people all over the world,” he said in a statement linked to the division. “It is a legacy that will be proud of, we will proudly continue in this next chapter of our famous history.”