On June 8, the proxy advisory firm Institutional Shareholder Services (ISS) urged shareholders of Warner Bros Discovery to oppose executive compensation and exit packages for CEO David Zaslav and other executives associated with the company's merger with Paramount Skydance.
In April, Warner Bros shareholders approved the $110 billion merger but expressed their disapproval of the executive compensation plans in an advisory vote.
Key Concerns Raised by ISS
- High Compensation Levels: ISS highlighted that Zaslav’s base salary of $3 million and a target short-term bonus of $22 million significantly exceed the median compensation of peers.
- Potential Payouts: The proposed pay packages could allow Zaslav to earn up to $887 million if the merger is finalized, which ISS described as an
