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EXCLUSIVE: Nearly twelve months on from its last round of layoffs, Warner Bros. Discovery is initiating another round of cuts. Deadline understands that the company is set to layoff employees on the cable television side of its business.
Warner Bros. Discovery shareholders don't think CEO David Zaslav has earned a raise.
In a symbolic vote, Warner Bros. Discovery (WBD) shareholders soundly defeated the 2024 compensation packages for CEO David Zaslav and his executive team.
Shareholders at Warner Bros. Discovery gave a thumbs down to the company's executive compensation for 2024 — multi-million dollar paydays led by CEO David Zaslav's $51.9 million package. The vote, informally called say-on-pay, is required at publicly traded companies but nonetheless non-binding.
The board had recommended shareholders to vote in favor of the 2024 executive compensation; however, more than 59% of them rejected the proposal on a non-binding basis.
The 'Fast Money' traders talk Warner Bros. Discovery Shareholders reject CEO pay package.
A majority of Warner Bros Discovery shareholders voted against the 2024 pay packages of CEO David Zaslav and other top executives at the media conglomerate's annual stockholder meeting, a Tuesday regulatory filing showed.
A majority of shareholders nixed Zaslav's $51.9 million compensation package for 2024 in a symbolic “say-on-pay” ballot.
Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Warner Bros. Discovery WBD with a price forecast of $14 on Monday.
Warner Bros. Discovery's 5% YTD decline contrasts with streaming momentum.