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Warner Bros. CEO set to receive big payday from Paramount deal
Warner Bros. (WBD) CEO David Zaslav could receive up to $887 million from the company's Paramount (PSKY) deal. Yahoo Finance Breaking Business News Reporter Jake Conley and Yahoo Finance Senior Reporter Brooke DiPalma outline the details in the video above.
Warner Bros CEO to pocket up to $887 million from Paramount deal
<body><p>STORY: Warner Bros Discovery chief executive David Zaslav, who has consistently ranked among America's highest-paid CEOs, will now likely receive one of the richest golden parachutes on record.</p><p>:: $887 million</p><p>A regulatory filing this week showed that Zaslav is set to pocket up to $887 million after the Warner Bros sale to Paramount Skydance is completed.</p><p>:: $34.2 million</p><p>Breaking down the numbers, Zaslav is expected to get cash severance of $34.2 million, including salary continuation and bonus components triggered by a change-in-control termination.</p><p>:: $517.2 million</p><p>The Warner Bros CEO is also set to receive $517.2 million in unvested share awards, as well as potential tax reimbursements of about $335 million.</p><p>:: $335 million</p><p>Warner Bros Discovery last month agreed to be acquired by Paramount Skydance in a $110 billion deal, ending a high-stakes battle over the storied Hollywood studio against rival bidder Netflix.</p><p>Along with his golden parachute, Zaslav is going out with Oscar gold, as Warner Bros emerged as the biggest winner at Sunday's Academy Awards.</p><p>:: Warner Bros. </p><p>The studio's "One Battle After Another" won six Oscars, including for best picture, while its film "Sinners" collected four.</p></body>
Warner Bros boss to make $700m from Paramount sale
The chief executive of Warner Bros is in line to make more than $700m (£524m) after the Hollywood studio was sold to rival Paramount.
Warner Bros. Discovery Bid Drama Highlights Governance And Payout Incentives
An unverified Singapore based firm, Nobelis Capital, recently submitted a bid for Warner Bros. Discovery that the company later assessed as non credible. The approach came as Warner Bros. Discovery continues to work through its planned merger with Paramount, adding an extra layer of uncertainty around potential takeover interest. At the same time, new disclosures outlined sizable merger related compensation for CEO David Zaslav and other senior executives, including tax reimbursements and...
Warner Bros. Discovery CEO David Zaslav set to receive up to $887 million if Paramount deal closes
Warner Bros. Discovery CEO David Zaslav is set to receive up to $887 million in compensation if the acquisition of his company by Paramount Skydance closes.