What the Media’s Most Powerful Execs Were Paid in 2020: Did Pandemic Pay Cuts Have an Impact?
Comcast, Discovery, Disney, Fox, Lionsgate, Netflix and ViacomCBS dropped by 57,153 — an 8% decline over the previous year.But we can already see that the absence of special deal-related bonuses, not shared sacrifice or even falling stock prices, accounts for much of the 12% drop in average compensation, to $28.9 million, for the chiefs of AT&T, Comcast, Disney, Fox, Lionsgate, Netflix and ViacomCBS — the companies, among the ones we track, that have released their 2020 proxy reports disclosing compensation for top executives. Discovery has yet to file its 2020 report.“Some people took salary cuts, but it hasn’t affected overall compensation,” says Charles M.