Netflix-Paramount bidding wars are pushing Warner Bros CEO David Zaslav toward billionaire status-he has one rule for success: 'Never be outworked' | Fortune
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Netflix-Paramount bidding wars are pushing Warner Bros CEO David Zaslav toward billionaire status-he has one rule for success: 'Never be outworked' | Fortune
"The 65-year-old executive has long been one of the media's highest-paid leaders, taking home a compensation package of $51.9 million in 2024 alone-even as the company weathered layoffs and strategy turmoil. And earlier this year, Zaslav signed a new contract packed with more stock options that could exceed $420 million in value, with the ultimate payout influenced by whether Netflix's $27.75-per-share cash-and-stock bid or Paramount's hostile $30-per-share cash offer wins out."
"If either deal pushes through, the package could propel Zaslav's net worth past $1 billion, according to -placing him alongside a rare group of non-founder CEOs like Tim Cook, Satya Nadella, and Jamie Dimon who've joined the billionaire ranks. David Zaslav missed out on being a tennis star-and vowed to never be outworked again Zaslav began his career in corporate law before bringing his passion for strategy and negotiation to media-joining NBC in 1989 and helping launch CNBC."
Netflix and Paramount are competing to acquire Warner Bros., creating a pivotal bidding contest over major franchises. Warner Bros CEO David Zaslav received $51.9 million in compensation in 2024 and recently signed a contract granting stock options that could exceed $420 million. The final value of those options depends on which takeover bid prevails: Netflix's $27.75-per-share cash-and-stock proposal or Paramount's $30-per-share cash offer. If a deal completes, Zaslav's net worth could surpass $1 billion. Zaslav's career began in corporate law, included launching CNBC at NBC in 1989, and led to his Discovery Communications CEO role in 2006.
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