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Warner Bros Discovery shareholders voted against CEO David Zaslav’s $52 million pay package amid significant share price declines, although the vote is nonbinding. Zaslav’s compensation has faced scrutiny since a $247 million stock options-heavy package was awarded in 2021, with investors criticizing the board’s alignment of his pay to cash flow goals. Amidst nearly 60% share value losses since the 2022 merger and a lowered credit rating by S&P Global, analysts suggest a potential spin-off of the studio and streaming businesses could unlock hidden value, contrasting with the struggling cable sector.
