Intense Shareholder Opposition to Excessive Executive Compensation at Warner Bros.
In a June 12, 2026 SEC filing Warner Bros. Discovery (WBD) revealed that a resounding 84.3% of shareholders voted against the advisory vote on compensation (“say-on-pay”) at the company’s June 9 annual meeting. This is the second strong rebuke shareholders have aimed at the company’s compensation committee in less than three months. On April 23, 82.4% of shares opposed the proposed golden parachute that CEO David Zaslav is slated to receive if the merger between the company and Paramount Skydance is completed.
ICCR released this statement in response.