Reported 2 days ago
At the annual stockholder meeting, a significant majority of Warner Bros Discovery shareholders voted against the proposed 2024 executive compensation packages, including a 4% increase for CEO David Zaslav to $51.9 million. Despite board recommendations, over 59% of shareholders opposed the compensation on a non-binding basis amidst ongoing struggles in the cable TV sector, missed revenue estimates, and plans for a potential breakup of the company.
Source: YAHOO