Ex-Warner Bros. CEO pockets US$600 million in sale to Paramount
Warner Bros. stockholders received US$31 a share in cash in the sale, a nearly 25% increase.
David Zaslav, the former CEO of Warner Bros. Discovery, earned approximately US$600 million from the sale of the company to Paramount Skydance Corp. This substantial gain primarily comprised stock options. Warner Bros. shareholders received US$31 per share in cash, marking a 25% increase from its initial trading price in April 2022.
The S&P 500 experienced a 76% rise during the same period. Several other Warner executives also received significant payouts, including streaming head JB Perrette and strategy director Bruce Campbell. Warner Bros. Discovery's new owner, technology entrepreneur David Ellison, led the newly renamed Skydance Corp., which now encompasses the iconic Paramount and Warner Bros. movie studios, multiple TV networks including CBS and CNN, and the Paramount+ and HBO Max streaming platforms.
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