Proxy Firm Urges Warner Investors to Reject Zaslav’s $886 Million Golden Parachute

Institutional Shareholder Services urged Warner Bros. Discovery shareholders to vote down CEO David Zaslav’s golden parachute, calling the package extraordinary and problematic largely due to an excise tax gross-up; while ISS backs the Paramount Skydance sale, the pay is advisory and could still be paid depending on merger timing, with the eventual value likely closer to $600 million as vesting progresses, underscoring governance concerns about executive compensation in big M&A deals.