Warner Bros. Discovery CEO David Zaslav recently received a nearly 27 percent pay raise while overseeing widespread layoffs at the media conglomerate. He also received a roughly 27 percent pay raise next year.
For 2023, Zaslav’s settlement totaled $ 49. 7 million, up 26. 5 % more than the same amount he received the past year for$ 39. 3 million, according to the business ’s 2024 substitute statement that was filed Friday.
CNN, HBO, and Turner Classic Movies are among the media companies that have experienced staff cuts under his command.
Zaslav earned a base salary of$ 3 million for 2023 and$ 23 in stock awards. 1 million and a whopping cash bonus of$ 22 million. His compensation also included$ 705,182 for personal security services and$ 767,908 for his personal use of the company ’s private jet.
Under his career , the business has engaged in numerous terrible cuts that lasted from late 2022 to 2024. Employers frequently piece out cutbacks over a number of months to prevent federal disclosure requirements.  Many of the layoffs were caused by the acquisition of AT&; T’s Warner Media with Discovery.
There have been thousands of layoffs at CNN, including the 2022 closure of the CNN+ streaming services. The ratings-challenged system has failed to improve its popularity as it doubles down on left-wing engagement and anti-Trump posturing.
After embarking on a relentless round of glad culling on HBO Max and the company’s other streaming services in an effort to save money, Zaslav has become a notorious figure among movie fans.
Additionally, he has put off some finished motion pictures, like Batgirl and Coyote vs. Acme — apparently to use them as income write-offs.
Get were likewise outraged by his decision to fire TCM employees.
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