Discovery Proxy Reveals Top Salaries, Compensation

Jun 12, 2008  •  Post A Comment

Discovery Communications CEO David Zaslav received a base salary of $1.9 million in 2007, and total cash compensation of $7.6 million, according to a proxy statement released by Discovery Holding Co. Wednesday.
Mr. Zaslav, who joined Discovery from NBC Universal in January 2007, also got options and other non-cash compensation that brought his total to $19.1 million, according to the proxy.
Discovery founder and Chairman John Hendricks, whose salary is fixed at $1 million, earned total compensation of $57.9 million.
Other top Discovery officers covered in the proxy were: Mark Hollinger, senior executive VP and chief operating officer, who earned cash compensation of $5.4 million and total compensation of $9 million; Roger Millay, senior executive VP and CFO, who got $1 million in cash and $3.5 million total; and Bruce Campbell, president of digital media and corporate development, who earned $1.4 million cash and a total of $2.8 million since joining the company from NBC in March.
The proxy was issued to cover the planned transaction that would move Discovery Communications from being part of John Malone’s Discovery Holding Co. to being a publicly-held company in which Mr. Malone will have a major stake.
(Editor: Jensen)


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