David Zaslav's compensation as CEO of Warner Bros. Discovery will be influenced by the company's imminent split, reducing his total pay package significantly. While his annual salary will remain at $3 million, his target bonus is cut from $22 million to $6 million, later spiking to a cap of $12 million. However, he has been granted stock options that could yield $150 million if the company meets specific performance targets related to share price. This shift in his pay package mirrors shareholder pushback against executive compensation practices.
Zaslav's new pay package will reduce his target bonus significantly while providing opportunities for substantial earnings through stock options, depending on performance.
The upcoming split of Warner Bros. Discovery is set to alter Zaslav's pay structure, with a significant reduction in his bonus but potential gains through equity.
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