Discovery Communications CEO David Zaslav's Compensation Quadruples to $42.6 Million

7:04 PM PST 04/04/2011 by Paul Bond
Discovery Communications
David Zaslav

The executive saw a big boost in 2010 thanks to a surging stock price.

Discovery Communications CEO David Zaslav rode a surging stock price -- it quadrupled since late 2008 -- to boost his compensation last year to $42.6 million, nearly four times what he earned in 2009, according to a regulatory filing Monday.

Zaslav's salary was $2 million in 2010, just as it was a year earlier and a year before that, but the chunk of stock and option awards he cashed in put him among the upper echelon of highly compensated entertainment executives, more than the $26.3 million that Time Warner CEO Jeff Bewkes earned last year, for example, but less than the $84.5 million Viacom paid CEO Phillipe Dauman.

Zaslav's compensation was $11.7 million in 2009 and $7.9 million a year earlier, according to Monday's filing.

Senior executive vp and CFO Bradley Singer earned $4.1 million in 2010, according to the filing, while founder and chairman John Hendricks made $9.5 million, president and CEO of Discovery Networks Mark Hollinger made $5.6 million and COO Peter Liguori made $4.9 million.

Discovery shares were trading at just north of $10 each in October 2008. On Monday, they closed at $40.48.

comments powered by Disqus