Warner Bros. Discovery Management

Management criteria checks 1/4

Warner Bros. Discovery's CEO is David Zaslav, appointed in Apr 2022, has a tenure of 2.08 years. total yearly compensation is $49.70M, comprised of 6% salary and 94% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €37.87M. The average tenure of the management team and the board of directors is 3.5 years and 2.1 years respectively.

Key information

David Zaslav

Chief executive officer

US$49.7m

Total compensation

CEO salary percentage	6.0%
CEO tenure	2.1yrs
CEO ownership	0.2%
Management average tenure	3.5yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Zaslav's remuneration changed compared to Warner Bros. Discovery's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$3b
Dec 31 2023	US$50m	US$3m	-US$3b
Sep 30 2023	n/a	n/a	-US$5b
Jun 30 2023	n/a	n/a	-US$7b
Mar 31 2023	n/a	n/a	-US$9b
Dec 31 2022	US$39m	US$3m	-US$7b
Sep 30 2022	n/a	n/a	-US$5b
Jun 30 2022	n/a	n/a	-US$3b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$247m	US$3m	US$912m
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$878m
Dec 31 2020	US$38m	US$3m	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$46m	US$3m	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$879m
Dec 31 2018	US$129m	US$3m	US$529m
Sep 30 2018	n/a	n/a	-US$719m
Jun 30 2018	n/a	n/a	-US$633m
Mar 31 2018	n/a	n/a	-US$494m
Dec 31 2017	US$42m	US$3m	-US$296m

Compensation vs Market: David's total compensation ($USD49.70M) is above average for companies of similar size in the German market ($USD5.07M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

CEO

David Zaslav (63 yo)

2.1yrs

Tenure

US$49,702,546

Compensation

Mr. David M. Zaslav has been the President, Chief Executive Officer and Director of Warner Bros. Discovery, Inc. since April 8, 2022. He served as a Director of Blade Air Mobility, Inc. since May 7, 2021 u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Zaslav	President	2.1yrs	US$49.70m	0.21% $ 37.9m
Gunnar Wiedenfels	Senior EVP & CFO	7.1yrs	US$17.06m	0.018% $ 3.2m
Bruce Campbell	Chief Revenue & Strategy Officer	no data	US$18.27m	0.020% $ 3.7m
Jean-Briac Perrette	President and CEO of Global Streaming & Games	no data	US$20.14m	0.021% $ 3.8m
Gerhard Zeiler	President of International	2.1yrs	US$13.31m	0.037% $ 6.7m
Lori Locke	Chief Accounting Officer & Executive VP	4.9yrs	no data	0.0044% $ 792.8k
Avi Saxena	Chief Technology Officer	5.3yrs	no data	no data
Dave Duvall	Chief Information Officer	no data	no data	no data
Jennifer Remling	Chief People & Culture Officer	less than a year	no data	0.017% $ 3.0m
Adria Alpert Romm	Executive Officer	less than a year	US$2.48m	0.018% $ 3.4m
Katarzyna Kieli	President & MD of Discovery EMEA	no data	no data	no data
Eric Phillips	President of Global Distribution Strategy	11.2yrs	no data	no data

3.5yrs

Average Tenure

60yo

Average Age

Experienced Management: J5A's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Zaslav	President	2.1yrs	US$49.70m	0.21% $ 37.9m
Luis Silberwasser	Chairman & CEO of TNT Sports	less than a year	no data	no data
Geoffrey Yang	Independent Director	2.1yrs	US$364.20k	0.0054% $ 985.1k
Kenneth Lowe	Independent Director	1.1yrs	US$342.94k	0.042% $ 7.7m
John Malone	Independent Director	15.7yrs	US$361.69k	0.74% $ 133.7m
Debra Lee	Independent Non-Executive Director	2.1yrs	US$359.19k	0% $ 0
Paul Gould	Independent Director	15.7yrs	US$389.19k	0.029% $ 5.3m
Samuel Di Piazza	Independent Chairman of the Board	2.1yrs	US$534.21k	0.0010% $ 181.4k
Richard Fisher	Independent Director	2.1yrs	US$379.19k	0.00010% $ 18.1k
Paula Price	Independent Director	2.1yrs	US$352.12k	0% $ 0
Fazal Merchant	Independent Director	2.1yrs	US$374.22k	0.0021% $ 379.1k
Li Chen	Independent Director	2.1yrs	US$354.19k	0% $ 0

2.1yrs

Average Tenure

69yo

Average Age

Experienced Board: J5A's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Warner Bros. Discovery Management

Management criteria checks 1/4

Key information

Recent management updates

Warner Bros. Discovery, Inc., Annual General Meeting, Jun 03, 2024

Warner Bros. Discovery Appoints Neeraj Jha as Director - Head, Content & Acquisition (Sports)

Warner Bros. Discovery, Inc. Announces Leadership Appointments in APAC

Warner Bros. Discovery, Inc. Announces Promotion of Andrew Georgiou as President and Managing Director for the Uk and Ireland

Warner Bros. Discovery, Inc. Appoints Jim Lee as President, Publisher, and Chief Creative Officer, Dc

Warner Bros. Discovery, Inc. Announces Board of Directors Changes

Recent updates

RedBird IMI a fund managed by RedBird Capital Partners LLC and International Media Investments FZ LLC completed the acquisition of All3Media Limited from Warner Bros. Discovery, Inc. (NasdaqGS:WBD) and Liberty Global Ltd. (NasdaqGS:LBTY.A).

New minor risk - Profitability

First quarter 2024 earnings released: US$0.40 loss per share (vs US$0.44 loss in 1Q 2023)

Warner Bros. Discovery, Inc., Annual General Meeting, Jun 03, 2024

Warner Bros. Discovery, Inc. to Report Q1, 2024 Results on May 09, 2024

Warner Bros. Discovery Appoints Neeraj Jha as Director - Head, Content & Acquisition (Sports)

Full year 2023 earnings released: US$1.28 loss per share (vs US$3.83 loss in FY 2022)

Fubo Sues The Walt Disney Company, FOX Corp., Warner Bros. Discovery and Affiliates for Antitrust Practices

RedBird Capital Partners LLC and International Media Investments FZ LLC agreed to acquire All3Media Limited from Warner Bros. Discovery, Inc. (NasdaqGS:WBD) and Liberty Global Ltd. (NasdaqGS:LBTY.A) for £1.15 billion.

Warner Bros. Discovery, Inc. to Report Q4, 2023 Results on Feb 23, 2024

Warner Bros. Discovery, Inc. (NasdaqGS:WBD) acquired BLUTV ILETISIM VE DIJITAL YAYIN HIZMETLERI A.S.

Warner Bros. Discovery Reportedly in Talks to Merge with Paramount Global

Banijay Reportedly Pulls Out of Race for All3Media

New minor risk - Profitability

Third quarter 2023 earnings released: US$0.17 loss per share (vs US$0.95 loss in 3Q 2022)

New major risk - Revenue and earnings growth

Warner Bros. Discovery, Inc. Announces Leadership Appointments in APAC

Warner Bros Discovery Announces the Solar Moth Art-Chitecture Installation Enhanced by A.I. Intelligence Conversations

Warner Bros. Discovery, Inc. to Report Q3, 2023 Results on Nov 08, 2023

Warner Bros. Discovery, Inc. Announces Promotion of Andrew Georgiou as President and Managing Director for the Uk and Ireland

Second quarter 2023 earnings released: US$0.51 loss per share (vs US$1.50 loss in 2Q 2022)

Warner Bros. Discovery, Inc. to Report Q2, 2023 Results on Aug 03, 2023

First quarter 2023 earnings released: US$0.44 loss per share (vs US$0.69 profit in 1Q 2022)

Warner Bros. Discovery, Inc. Appoints Jim Lee as President, Publisher, and Chief Creative Officer, Dc

Full year 2022 earnings released: US$3.83 loss per share (vs US$1.55 profit in FY 2021)

Warner Bros. Discovery, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Warner Bros. Discovery, Inc. Announces Board of Directors Changes

Warner Bros. Discovery, Inc. Announces Resignation of Robert R. Bennett from its Board, Effective as of April 1, 2023

HomeVestors of America, Inc. Files Lawsuit Against Warner Bros. Discovery, Inc

Warner Bros. Discovery Promotes David Decker to President, Content Sales

Third quarter 2022 earnings released: US$0.95 loss per share (vs US$0.24 profit in 3Q 2021)

Warner Bros. Discovery, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Warner Bros. Discovery, Inc

ProSiebenSat.1 Media SE (XTRA:PSM) agreed to acquire remaining 50% stake in Joyn GmbH from Warner Bros. Discovery, Inc. (NasdaqGS:WBD).

ProSiebenSat.1 Digital GmbH agreed to acquire remaining 50% stake in Joyn GmbH.

Independent Director recently bought €484k worth of stock

Second quarter 2022 earnings released

Warner Bros. Discovery Appoints Asif Sadiq as Chief Global Diversity, Equity and Inclusion Officer

Warner Bros. Discovery, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Warner Bros. Discovery Announces New Leadership Team in India

Investor sentiment deteriorated over the past week

Warner Bros. Discovery, Inc. Appoints Luis Silberwasser as Chairman and Chief Executive Officer of Warner Bros. Discovery Sports

Warner Bros. Discovery Names Nathaniel Brown as Chief Corporate Communications Officer

Independent Director recently bought €951k worth of stock

First quarter 2022 earnings released: EPS: US$0.69 (vs US$0.21 in 1Q 2021)

Warner Bros. Discovery, Inc. Appoints Debra Lee as Non-Executive Director

Warner Bros. Discovery, Inc. to Report Q1, 2022 Results on Apr 26, 2022

Warner Bros. Discovery, Inc.(NasdaqGS:WBD) dropped from FTSE All-World Index (USD)

Discovery, Inc. (NasdaqGS:DISC.A) completed the acquisition of Warner Media, LLC from AT&T Inc. (NYSE:T).

Discovery, Inc. (NasdaqGS:DISC.A) completed the acquisition of Warner Media, LLC from AT&T Inc. (NYSE:T).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age