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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Greedy Much? Warner Bros. Discovery Shareholders Barely Approve David Zaslav’s $39 Million Pay

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thewrap.com

took home $39.3 million last year, after receiving a pay package in 2021 that soared to $246 million in 2021 thanks to a hefty $203 million stock options that was tacked on to his pay.

Shareholders appear to be unhappy with the pricey package he’s receiving.The debt-laden company said in an SEC filing that just over half of the shareholder votes cast on the question of the 2022 executive compensation plan — commonly known as a “say on pay” vote — were in favor, while 49.2% voted against the proposal.The vote is an advisory one, and is non-binding, but the SEC requires such votes at least once every three years.

And it’s rare for shareholders to say no to the planned executive pay.Research done by Harvard University found that such votes are cast in favor of the plans 97.7% of the time, with roughly 93% receiving yes votes of 70% or more.That means that while Warner Bros.

Discovery shareholders approved the pay plan, it got far less support than most publicly traded companies garner. One-third of S&P 500 companies, which includes Warner Bros.

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