Discovery CEO David Zaslav's Pay Falls to $32.4 Million in 2015
The boss of the cable networks company had made $156.08 million in 2014, boosted by one-time stock and options awards when he signed a new long-term contract.
Discovery Communications president and CEO David Zaslav's 2015 pay package amounted to $32.4 million, down from his 2014 compensation of $156.08 million, which had been boosted by big one-time stock and options awards.
Zaslav's compensation was disclosed Wednesday in a regulatory filing. In comparison, he had made $33.3 million in 2013 and $49.9 million in 2012.
The 2014 value of Zaslav's compensation package was one of the biggest in corporate America in recent years as the head of the cable networks company got big stock and options awards for signing a new long-term employment contract in January 2014 designed to keep him at Discovery through 2019.
Zaslav received stock awards in 2014 that were valued at nearly $94.6 million when granted. The big, one-time stock and option awards will not recur through the rest of his contract, with awards instead set to return to normalized levels, the company said back then.
Discovery's stock in 2014 fell 23 percent.
Financials last year were affected by foreign-exchange issues, but the company also invested in initiatives designed for long-term growth. Discovery, for example, took full control of European sports network Eurosport, won the European rights to the 2018-2024 Olympics and launched its Discovery Go TV Everywhere app. And it struck a new carriage deal with cable giant Comcast.
Zaslav last year also hired Paul Guyardo, a veteran marketing executive as chief commercial officer, a role in which he oversees U.S. advertising sales, digital media, licensing, consumer products and more.
Andrew Warren, the CFO, earned $5 million in 2015, down from $7 million. Bruce Campbell, the chief development, distribution and legal officer, made $6.8 million, down from $7.6 million.
Jean-Briac Perrette, president of Discovery Networks International, made $7.4 million, up from $4.9 million, and Adria Alpert Romm, the chief human resources and global diversity officer, was paid $2.5 million, up from $2.1 million.