David Zaslav, CEO of Warner Bros. will hold. Discovery, by reducing his compensation “significantly” after grazing the company's division, but will also gain a great reward for his efforts.
In the SEC file on Monday, the company said it has reviewed the wage packages from Zaslav and CFO Gunnar Wiedenfels, which is preparing to become the CEO of the TV network entity that will be caused by the division. Zaslav is appointed to run the studios and plays unit, with HBO and Warner Bros. , After disintegration. The division, which was announced last week, is scheduled to be officially in mid -2016.
His file said that the new Zassallav agreement “will significantly reduce his target annual compensation, including reducing the opportunity of annual monetary compensation and redirecting the total wage mixture towards long -term incentives.” The change will lead to “strengthening stronger alignment with the stock campaign and stimulating constant creation in the long run.”
The Compensation Committee of the WBD Board of Directors has started the new recruitment agreements. When modifying the salaries of Zaslav, the committee looked at a “set of inputs”, and the file pointed out, “including shares' notes obtained over the past few years, the practices of the group of peer and standards, the strategic priorities of WBD and the value of the value of the value” in the division.
While writing on the wall for several months about the division of WBD into two companies, the speed of advertising the planned treatment has amazed Wall Street and the industry. Zaslav, who earned hundreds of millions of millions throughout his professional life in the field of media, often ranked near the summit of all American companies executing, reprimanding WBD shareholders. At the annual meeting of the company, they voted against its salary package, despite the company's rules, the vote is not binding.
More in the future …
