From The Hollywood Reporter · Alex Weprin · · 50s
Warner Bros. Execs Cash Out $1.1 Billion
Five Warner Bros. executives cashed out $1.1 billion from Paramount sale.
In brief
Five Warner Bros. executives cashed out $1.1 billion from Paramount sale. Five Warner Bros. executives sold shares and options for a total of $1.1 billion in the Warner Bros. Discovery sale to Paramount. Originally reported by The Hollywood Reporter.
Warner Bros. Executives Cash Out
Five Warner Bros. executives sold shares and options for a total of $1.1 billion in the Warner Bros. Discovery sale to Paramount.
Top Executives' Payouts
Former WBD CEO David Zaslav sold shares worth more than $224 million and options netting $381 million, totaling $606 million.
Other Executives' Payouts
Former CFO Gunnar Weidenfels, chief revenue officer Bruce Campbell, and international chief Gerhard Zeiler each netted $122 million, $129 million, and $92 million respectively.
Employee Equity Payouts
About half of WBD employees held shares, with 500 employees likely to net at least $1 million and 1,000 netting at least $500,000.
Here's the gist
Five Warner Bros. executives sold shares and options for a total of $1.1 billion in the Warner Bros. Discovery sale to Paramount.
