Shareholder advisory firm ISS just recommended that Warner Bros. Discovery investors vote against CEO David Zaslav’s massive “golden parachute” payout, calling the over half-billion-dollar package “unwarranted.” This comes ahead of the company’s April 23 special shareholder meeting, where the proposed merger with Paramount Skydance will also be on the table.
According to Variety, ISS, a group that advises shareholders on how to cast their votes, believes that Zaslav’s severance agreement includes “problematic” elements. Specifically, they’re pointing fingers at the hefty tax reimbursements and the accelerated vesting of his stock options. The estimated value of Zaslav’s golden parachute, as disclosed by Warner Bros. Discovery in an SEC filing, could hit a staggering $886.8 million.
