"Institutional Shareholder Services (ISS) stated that support for the 'extraordinary golden parachute' proposal, valued at $886.8 million for CEO David Zaslav, was not warranted due to excessive compensation concerns."
"The golden parachute proposal includes $466.2 million for other executives, raising questions about the justification for such high payouts in light of the acquisition."
"Zaslav's potential future role remains uncertain, and if he were to assume a position at the combined company, the golden parachute would not serve as consolation for losing a job."
Institutional Shareholder Services recommends supporting Warner Bros. Discovery's $77.7 billion acquisition by Paramount Skydance while opposing a $1.35 billion golden-parachute proposal for executives. The proposal includes $886.8 million for CEO David Zaslav and $466.2 million for other executives. ISS criticized the excise tax gross-up estimate of $335 million for Zaslav. Uncertainty remains regarding Zaslav's future role in the combined entity, and no employment deals have been made with Paramount or its affiliates as of the latest proxy report.
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