Breaking Down the Top Warner Bros. Execs’ $1.1 Billion Paramount Windfall
David Zaslav and his top four top lieutenants bagged a massive stock payout, while 1,500 employees also got large equity windfalls The post Breaking Down the Top Warner Bros. Execs’ $1.1 Billion Paramount Windfall appeared first on TheWrap .
TheWrap reports that former Warner Bros. Discovery CEO David Zaslav and his top four executives netted a combined $1.1 billion in stock compensation following the merger with Paramount, now known as Skydance. The windfall included $606 million for Zaslav, $125.74 million for CFO Gunnar Wiedenfels, $132.52 million for Chief Revenue Officer Bruce Campbell, $154.7 million for streaming and games chief JB Perrette, and $89 million for WBD International President Gerhard Zeiler.
The company disclosed the figures in SEC Form 4 filings, and the executives also received additional cash and benefits, which further boosted their severance packages. The sheer number of employees who benefited from the merger is noteworthy, with nearly half of WBD's 35,500 employees holding equity as of the merger's closing date.
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