Warner Bros. Interesting Raise for Discovery’s CEO

Warner Bros., one of the well-established names in the cinema and entertainment industry. Discovery is not going through great times right now. Even though the company has put forward big productions, in 2023 It is known that the studio has seen a 12 percent decrease in revenues and profit rates are decreasing throughout the company.

According to Variety, the company will increase its total revenue in 2023. $41.3 billion Even though it has generated revenue, this is a lower number compared to previous years. Additionally, there was a 29 percent decline in the company’s shares in 2024. But the most competent manager at the head of the company CEO David ZaslavDespite this data, it seems like it received a very high raise.

The details in question are from Warner Bros. It’s in Discovery’s documentation.

The document received by the US Securities and Exchange Commission indicates that Zaslav will be released in 2023. $49.7 million reveals that he has received payment. This payment includes salary, share awards and other income. The same document also states that there is a 26.5 percent increase in this payment compared to last year.

Because Zaslav received a total payment of $ 39.2 million in 2022. However, people who examine the course of the company believe that a company in such a situation making large payments to a single person states that it is risky. Apart from this, Zaslav has been criticized for many decisions he has made since taking over the company. These included large-scale layoffs and the cancellation of many projects. What are you thinking?