Shareholders at Warner Bros. Discovery gave a thumbs down to the Company’s Executive Compensation for 2024-Multi-Million Dollar Paydays Led by Ceo David Zaslav’s $ 51.9 Million Package.
The Vote, Informally Called Say-On Pay, is required at publicly tradded companies but nonheless non-induction. Boards of Directors Insist that they take the vote to the Heart and if there are dissenting serial with their Biggest Shareholders, and that is sometimes the case. At Warner Bros. Discovery, Howver, Zaslav’s Pay haen in the Spotlight for Years, Including on the Picket Lines During the Recent Hollywood Strikes.
Stockholders at the Company’s Annual Meeting Declined to Approve, “On A Non-Binding, Advisory Basis, The 2024 Compensation of the Company’s Named Executive Officers,” WBD Noted in Ans Filing with the Result of Votes Cast 59% of Share Whos Cast Who Cast Who Cast Who Cast Who Cast. Ballots voted against wbd’s pay plans. The General Rule of Thumb is That Support Less than 70% is notable.
Waner Bros. Discovery Stock Has Flowered Since the Merger Three Years Ago, which Burdenhed The Company With Debt. Credit Ratings Agency s & P Last Month Downgraded It to Junk Status Citting “Weak Credit Metrics.” It’s not just just that. Pay Experts Notted that Memories of the Board’s Committee Committee Decidated to adjust the metrics they say Set in order to pay the chief executive more.
Public Companies Report the Pay of their Top Five Highest Paid Executive Officers in Annual Proxy States Filed With The Second Spring for the Previous Year (if they operate on a Calendar year). Pay is one of a handful of ittems along with the election of directors and sharaholder resolutions that stockHolders vote on at annual meetings. Leading proxy advisory firm Institutional Shareholder Services, which puts out highly reseached reports each year ahead of annual meetings to guide shareholders, recommended voting against WBD’s executive pay and said the “compensation committee demonstrated only limited responsiveness To Shareholder Concerns Following Consecutive Years of Low Say-on Pay Support. ”
In a Statement Today, Warner Bros. Discovery’s Board of Directors Said it “Appreciates the Views of All Its Shareholders and Taks the Results of the Annual Advisory Vote on Executive Compensation Serious. Our Shareholders. ”
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