Big Payday for Discovery Boss

Apr 5, 2017  •  Post A Comment

Discovery CEO David Zaslav received a bump in his hefty salary, according to a filing Wednesday with the SEC. Deadline.com reports that the proxy statement reveals that the company’s board gave Zaslav a 14.9% boost over his previous year’s compensation, to $37.2 million.

The increase was approved in part because Zaslav was determined to have achieved 92% of his qualitative goals for 2016 along with 99.9% of his quantitative goals, the report notes.

“The package includes a $3 million salary, $15.1 million in stock awards, $11.1 million in option awards, $7.5 million in non-equity incentives, and $442,532 in other compensation. The last category includes $302,608 for personal use of the company jet, a $16,800 car allowance, and $54,326 for personal security services,” Deadline reports, noting that Discovery shares appreciated 2.7% in 2016.

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