Cynthia Littleton Business Editor Warner Bros. Discovery is staying on the sidelines of the Paramount Global acquisition drama — at least for now.
That was the signal sent Monday by WB Discovery CEO David Zaslav during his appearance at the Milken Institute Global Conference in Beverly Hills.
Zaslav was pressed during the hourlong panel about the status of WB Discovery’s bid to extend its TV rights agreement with the NBA, and he was pointedly asked to defend the high levels of compensation for media CEOs, including himself.
Zaslav came in for criticism last week when his 2023 comp package of about $49 million was disclosed after a year in which WBD’s stock price sank by double digits. “I think all CEOs need to be paid with alignment with shareholders,” Zaslav said. “And the majority of compensation should be aligned with the performance of the stock.
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