Warner Bros. earnings ratio is decreasing Discovery’s CEO still got a big raise
April 19, 2024
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Warner Bros., one of the established names in the film and entertainment industry. Discovery isn’t going through great times right now. Even though the company has launched large
Warner Bros., one of the established names in the film and entertainment industry. Discovery isn’t going through great times right now. Even though the company has launched large productions, in 2023 The studio is known to have seen a 12 percent drop in revenue and profit figures across the company.
According to Variety, the company will increase its total revenue by 2023. $41.3 billion Although revenue has been generated, this is a lower number compared to previous years. Moreover, there was a 29 percent decline in the company’s shares in 2024. But the most competent manager heads the company CEO David ZaslavDespite this data, it appears that a very large salary increase was received.
The details in question come 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 shows that he has received payment. This payment includes salary, awarded shares and other income. The same document also states that this payment has increased by 26.5 percent compared to last year.
Because Zaslav received a total payment of $39.2 million in 2022. However, people who research the company’s direction believe that a company is in such a situation Making large payments to one person says it’s risky. Apart from this, Zaslav has been criticized for the many decisions he has made since taking over the company. These include large-scale layoffs and the cancellation of many projects. What do you think?
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