1.
The casts and teams behind over a dozen beloved shows or films have reunited remotely in recent weeks just to pass the time. That’s less than any chief executive at a traditional media conglomerate other than Viacom’s Bob Bakish (who took in $20 million in 2018) and Lionsgate’s Jon Feltheimer ($14.4 million).Media and entertainment executives have enjoyed high salaries in part because of the parochial nature of the barons that have long ruled the industry.
“We are a global IP company that is about unscripted and sports. Discovery Inc. president-CEO David Zaslav is once again making headlines for an enormous compensation package.
A consistently high rate of opposition from shareholders in Say on Pay to a board’s recommended CEO compensation package is becoming a tarnish that could affect a company’s bond rating, among other financial considerations.Just before Disney’s annual meeting on March 7, Iger agreed to reduce his salary for fiscal 2019 by $500,000 (to $3 million) and to cut another $13 million out of his potential bonuses. Still, how can a board of directors with fiduciary responsibility to shareholders justify that kind of largesse?“It’s one of the questions that usually ends with ‘Because they can,’” says Rosanna Landis-Weaver, who studies CEO compensation for the Oakland-based nonprofit shareholder-advocacy group As You Sow.Zaslav has always had a much lower public profile than, say, Bob Iger or Rupert Murdoch. The subject of CEO remuneration is becoming a target for increasing activism among investor advocates and social-justice activists.
Recently, Zaslav negotiated a contract that runs through 2019. After taking over the role of CEO of DISCA in 2007, Zaslav helped the company grow.
His “Non-Equity Incentive Plan Compensation” was up to $21.8 million (compared to $9 million in 2018).Discovery also said Wednesday that it would hold its annual meeting virtually on June 18, due to the coronavirus pandemic.Discovery CFO Gunnar Wiedenfels saw his overall pay increase to $7.4 million, while Discovery International chief Jean-Briac Perrette increased his take-home pay to $14.5 million.During 2019, which saw Discovery’s HGTV and Food Network launch in more than 30 new countries and territories combined, Discovery’s total revenues increased 6% to $11.144 billion.
The cast of "High School Musical" didn't stream their Zoom reunion call, which from The cast of "Full House," including John Stamos, Bob Saget, Dave Coulier, Candace Cameron Bure, Jodie Sweetin, Andrea Barber and creator Jeff Franklin, all imagined a The stars of the Nickelodeon TV series "Victorious," featuring Victoria Justice and Ariana Grande, were already meant to gather around this time for the 10th anniversary of the series, but instead did so virtually.
The biggest success stories have been OWN, the partnership with Oprah Winfrey that replaced Discovery Health in 2011, and Investigation Discovery, which took over Discovery Times in 2008. $129.5 million.
His pay vs typical company worker: 1,511 times, up from 522 ___ 2.
Variety and the Flying V logos are trademarks of Variety Media, LLC. Although over 50% of the $4.4bn is attributable to one individual’s granted compensation (Elon Musk, Tesla: $2.28bn). "The Maze Runner" actress Kaya Scodelario shared a screenshot on Instagram of her Zoom call with her co-stars from the YA adventure trilogy, including Dylan O’Brien, Will Poulter, Ki Hong Lee, Dexter Draden and Thomas Brodie-Sangster. The now-deposed leaders of Redstone’s empire, Viacom CEO Philippe Dauman and CBS CEO Leslie Moonves, consistently received sky-high pay packages during their respective tenures. No less an iconic leader than Iger saw trims to his compensation plan for 2019 and beyond after pushback from shareholders.“This is a piece of a bigger story about the economy,” says Landis-Weaver.
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