David Zaslav’s Pay Rose 26.5% to Nearly $50 Million in 2023 SuperNayr

Warner Bros. Discovery CEO David Zaslav saw his pay rise 26.5% in 2023 to nearly $50 million even as the media conglomerate posted significant losses and the rest of the company saw cost cutting and layoffs.

Zaslav took home $49.7 million for the year, including a $3 million salary, $23.1 million in stock awards and $22 million in bonus pay, the company said in a regulatory filing.

A host of perks also came with leading the company that is parent to Warner Bros. studios, CNN, HBO and the Max streaming platform.

Most notable among the $1.6 million in perks was $767,908 for personal use of the corporate aircraft for Zaslav and his family. Warner Bros. Discovery also spent $16,800 for a car for the executive, along with $705,182 for costs related to his personal security at his home and while he traveled.

The compensation surge came as the company’s various units made multiple moves to cut costs, including two rounds of layoffs at HBO in August alone, along with layoffs at its cable news division and cable networks in May,

This is a developing story, more to come…

UTA CEO Jeremy Zimmer and former MediaLink CEO Michael Kassan

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