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Shareholders OK Warner Bros.–Paramount Mega-Merger, Reject David Zaslav’s $550M Exit Pay
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Shareholders OK Warner Bros.–Paramount Mega-Merger, Reject David Zaslav’s $550M Exit Pay

Complex·Bernadette Giacomazzo·about 1 month ago
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Warner Bros. Discovery shareholders have signed off on Paramount’s massive takeover—but they drew a clear line when it came to executive payouts. According to Variety , investors overwhelmingly approved Paramount’s $111 billion acquisition of Warner Bros. Discovery, voting in favor of the $31-per-share deal that will hand control of the company to Paramount Skydance. At the same time, a majority of shareholders rejected the proposed exit compensation packages for CEO David Zaslav and other top executives. Notably, the vote on compensation is advisory, meaning it does not block the payments. Still, the margin was decisive and reflects growing pushback from investors. According to company filings, Zaslav’s exit package is valued at more than $550 million, including $34.2 million in cash severance and over $500 million in equity tied to the combined company. Additional tax reimbursements could push that figure even higher.…

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