Powerhouse Discovery Inc. president and CEO David Zaslav, consistently one of the highest paid CEOs of a public company ever since he took the company’s reins in 2007, announced Discovery’s tightly brokered blockbuster takeover of WarnerMedia earlier this week. And the media landscape was shooketh.
The surprise mega-merger was negotiated in a Greenwich Village townhouse owned by Zaslav, whose 2020 compensation package totaled $37.7 million, a staggering sum by any standard but well below the $129.4 million in compensation he received in 2018 and even less than the stratospheric $156.1 million he hoovered up back in 2014. To be clearer, Zaslav’s base salary has held steady for more than a decade at $3 million per year, with the bulk of his annual compensation granted in vesting stock awards, option awards and non-equity incentives. Still, it would take a median-salary Discovery worker who earns about $80,000 a year nearly 500 years to earn what Zaslav did in 2020.
Like most spectacularly compensated media titans,...
The surprise mega-merger was negotiated in a Greenwich Village townhouse owned by Zaslav, whose 2020 compensation package totaled $37.7 million, a staggering sum by any standard but well below the $129.4 million in compensation he received in 2018 and even less than the stratospheric $156.1 million he hoovered up back in 2014. To be clearer, Zaslav’s base salary has held steady for more than a decade at $3 million per year, with the bulk of his annual compensation granted in vesting stock awards, option awards and non-equity incentives. Still, it would take a median-salary Discovery worker who earns about $80,000 a year nearly 500 years to earn what Zaslav did in 2020.
Like most spectacularly compensated media titans,...
- 5/20/2021
- by Mark David, Dirt.com
- The Hollywood Reporter - Movie News
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