×
You will be redirected back to your article in seconds

Discovery CEO David Zaslav Sees 2018 Compensation Soar to $129.4 Million

Discovery Inc. president-CEO David Zaslav is once again making headlines for an enormous compensation package.

Zaslav’s 2018 compensation soared to $129.44 million in 2018, fueled by stock options and grants awarded as the longtime Discovery chief signed a new employment contract last July that takes him through 2023 at the cable programming group.

Zaslav received $102 million in Discovery stock options in connection with the new contract and another $14.8 million in stock awards. He received a $9 million bonus and $3 million in regular salary.

The bulk of Zaslav’s stock compensation won’t come to fruition for years, and only if Discovery shares rise. Nonetheless, the nine-figure number is sure to draw sharp criticism from corporate watchdog groups and advocates focused on the issue of income inequality.

The stock boost is likely to make Zaslav the highest paid executive in media. But it’s not his personal best. In 2014, fueled by a new contract, Zaslav’s compensation package hit an eye-popping $156 million. In 2017, Zaslav received $42.2 million.

Discovery shares had a strong 2018, buoyed by growth after a slump in 2016 and 2017 and the impact of Discovery’s acquisition of Scripps Networks Interactive.

More Biz

  • Former movie producer Harvey Weinstein (L)

    Harvey Weinstein Reneged on Payoff to HR Director, Suit Claims

    The former Human Resources director of the Weinstein Co. filed a lawsuit on Tuesday, claiming he never received a $450,000 payout he was promised in the wake of the New York Times’ expose in October 2017. Frank Gil alleges that Weinstein promised him the money on Oct. 6, the day after the Times’ story ran. [...]

  • Plume of black smoke rising from

    Attorney for Universal Music Artists Impacted by 2008 Fire Requests Inventory

    Following on its statements last week that it will be filing a lawsuit on behalf of several Universal Music recording artists impacted by a 2008 fire that destroyed a huge number of master recordings, a Los Angeles law firm has requested a “complete inventory” from the company. Addressed to UMG CEO and chairman Lucian Grainge, [...]

  • Charles Caldas To Step Down as

    Charles Caldas To Step Down as Merlin CEO

    Charles Caldas, the only CEO that the independent-label collective Merlin has ever known, announced today that he will step down from his post at the end of 2019, after more than 12 years at the helm of the global rights organization. He will continue his current duties until then and work with the Merlin board to [...]

  • Merlin Reports Record Distributions for 2019

    Merlin Reports Record Distributions for 2019

    Global indie-label collective Merlin reported record distributions in its 2019 membership report, paying $845 million to label and distributor members between April 2018 and March of this year. That figure, a 63% year-over-year increase, includes more than $130 million paid out this year from non-royalty income — and included in that figure is the estimated [...]

  • Dwyane Wade on Supporting His Son

    NBA Star Dwyane Wade on Supporting His Son's Attendance at Miami Pride

    NBA star Dwyane Wade spoke to Variety about why it was important for him to support his younger son attending a pride parade last spring. In April, Wade’s then 11-year-old son Zion posted pictures of himself at Miami Pride, with his siblings and stepmother Gabrielle Union. Wade, who was on the road with the Miami [...]

  • Songs for Screens Powered by Mac

    Songs for Screens: How Eric Church Teamed With Ram Trucks — and Five Tons of Vinyl — for ‘Solid’ Campaign

    Country star Eric Church has long used his new music to reward his loyal fans, from surprise releasing 2015’s “Mr. Misunderstood” album as a direct fan-club exclusive to impromptu meet-and-greets before his hometown show in Greensboro, North Carolina. So when Church was prepping the April vinyl release of 2018’s critically acclaimed “Desperate Man,” the singer [...]

  • Harvey Weinstein legal team

    Harvey Weinstein Loses Another Defense Lawyer

    Harvey Weinstein has lost another defense lawyer, just three months before he is set to go on trial for rape and sexual assault. Attorney Jose Baez told the judge overseeing the case that Weinstein had taken actions that made it difficult to represent him, according to a letter obtained by the New York Post. Baez [...]

More From Our Brands

Access exclusive content