The next chapter in the saga to determine the future of Warner Bros. unfolded today, with Warner Bros. Discovery shareholders voting to approve Paramount’s $111 billion deal to buy the company. While shareholders approved the sale, they voted to reject the lucrative so-called “golden parachute” compensation packages that CEO David Zaslav and other top executives are due to be paid.
The approval (via Variety) passed with investors voting “overwhelmingly” to approve the mega-deal, which will pay shareholders $31 per share. That’s a significant premium for anyone who has held shares for some time, as WBD stock was trading at under $10 less than a year ago.
The voting against the lucrative pay packages for Zaslav and other executives was only symbolic, however, as the vote was non-binding and didn’t actually determine anything in practice. It does, however, signal that WBD investors are not thrilled with Zaslav and others are getting huge paydays. Zaslav specifically is getting at least $550 million as part of the buyout.
The next chapter in the saga to determine the future of Warner Bros. unfolded today, with Warner Bros. Discovery shareholders voting to approve Paramount’s $111 billion deal to buy the company. While shareholders approved the sale, they voted to reject the lucrative so-called “golden parachute” compensation packages that CEO David Zaslav and other top executives are due to be paid.The approval (via Variety) passed with investors voting “overwhelmingly” to approve the mega-deal, which will pay shareholders $31 per share. That’s a significant premium for anyone who has held shares for some time, as WBD stock was trading at under $10 less than a year ago.The voting against the lucrative pay packages for Zaslav and other executives was only symbolic, however, as the vote was non-binding and didn’t actually determine anything in practice. It does, however, signal that WBD investors are not thrilled with Zaslav and others are getting huge paydays. Zaslav specifically is getting at least $550 million as part of the buyout.Continue Reading at GameSpot Read More GameSpot – All Content
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