The CEO Who Earned More Than Netflix and Disney... Who Was It?
David Zaslav, Warner Bros. CEO, Receives $254 Million in Compensation
In Hollywood, Warner Bros. Discovery (hereafter referred to as Warner Bros.) ranked first in CEO compensation.
On June 29 (local time), the Los Angeles Times reported that David Zaslav, CEO of Warner Bros., received a total compensation package of $165 million (approximately 254.3 billion won) last year.
This amount includes salary, bonuses, and stock compensation. According to Equilar, “Zaslav's total income last year more than tripled.”
This is an overwhelmingly top figure among Hollywood media companies. The second-highest earner was Michael Cavanagh, CEO of Comcast Corporation, whose compensation was $72 million—less than half of Zaslav’s.
David Ellison, CEO of Paramount Skydance, ranked third with $63 million. Netflix co-CEOs Ted Sarandos ($54 million) and Greg Peters ($53 million) took the fourth and fifth spots, respectively.
The compensation for Netflix’s co-CEOs each fell by 13% and 12% compared to the previous year, as their bonuses, which are linked to company performance, decreased last year.
David Zaslav, Chief Executive Officer (CEO) of Warner Bros. Photo by Reuters and Yonhap News
View original imageFormer Walt Disney CEO Bob Iger ($46 million), Fox’s Lachlan Murdoch ($33 million), and Roku’s Anthony Wood ($27 million) followed in the rankings.
Zaslav is also set to receive an additional $887 million (approximately 1.1 trillion won) in severance pay once the merger with Paramount Skydance is finalized.
Meanwhile, the highest-paid CEO among all publicly listed companies in the United States last year was Elon Musk, CEO of Tesla. Musk’s compensation package for last year amounted to an astonishing $132.3 billion.
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Recently, after taking SpaceX public, Musk regained his status as the world's first “centibillionaire,” a title he lost on June 12, as the previously declining SpaceX stock rebounded.
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