Warner Bros. Discovery (WBD) will cut CEO David Zaslav’s pay when it splits into two companies next year, The Wall Street Journal’s Theo Francis and Joe Flint report. Zaslav could receive over $150M in stock by exercising options if share-price targets are met post-split, according to the report. Gunnar Wiedenfels will become CEO of the cable networks company, receiving a $15M stock/options grant.
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