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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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Warner Bros. Discovery Shareholders Slam CEO David Zaslav’s Compensation In Say-On-Pay Vote

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deadline.com
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Stockholders have expressed serious displeasure with 2022 executive compensation at Warner Bros. Discovery led by CEO David Zaslav, according to the result of a vote at the annual meeting Monday that was filed with the SEC today.

The so called say-on-pay vote saw nearly half of all votes cast coming out against last year’s comp, which was ratified with just over 50% approval.

The votes are advisory only, meaning they’re non-binding, but they do have a impact. Most public companies get over 90% approval and anything under 70% is considered pretty dismal.

In the case of a high percentage of votes against, management will often engage with shareholders and try to tweak things for the following year – in this case 2023.

Read more on deadline.com
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Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
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Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.

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