healthmyths
Platinum Member
- Sep 19, 2011
- 29,029
- 10,519
Discovery Communications CEO David Zaslav received an astounding $156.1 million in compensation last year, the company disclosed Friday in a Securities and Exchange Commission filing.
NOW for the reality instead of the headline:
The vast majority of the windfall comes from more than $144 million in stock awards that Zaslav received after setting a new six-year employment contract last year.
In fairness, (???_) those awards will vest over time, which means that Zaslav did not actually command a $156.1 million paycheck. SEC rules mandate that Discovery record the entire value of stock awards to be doled out over the six-year contract in the first year that they are granted. Zaslav’s paydays in the coming years will be far lower. In 2013, Zaslav received $33 million, with $22.5 million coming from stock awards.
The stock awards are largely tied to the company’s performance during the next six years. That means his actual haul could wind up being nothing if Discovery’s stock falls below pre-determined targets, or it could be worth more, if the share price exceeds those benchmarks.
Nonetheless, the symbolism of a nine-figure payday in a single year is sure to stir outrage and debate among corporate watchdogs and governance experts.
Mega Payday Discovery s David Zaslav Earns 156 Million in 2014 Variety
YOU LIPs that ONLY read headlines... do you understand?
This example clearly shows how "if it bleeds it leads"... get the reader's attention and that's all that is needed never MIND the FACTS!!!
Never mind that this is NOT a salary of $156.1 million !
Never mind this is spread out over six years!
Never mind it is directly tied to the CEO's performance and directly paid based on the stock's performance!
Never mind you LIPs!
NOW for the reality instead of the headline:
The vast majority of the windfall comes from more than $144 million in stock awards that Zaslav received after setting a new six-year employment contract last year.
In fairness, (???_) those awards will vest over time, which means that Zaslav did not actually command a $156.1 million paycheck. SEC rules mandate that Discovery record the entire value of stock awards to be doled out over the six-year contract in the first year that they are granted. Zaslav’s paydays in the coming years will be far lower. In 2013, Zaslav received $33 million, with $22.5 million coming from stock awards.
The stock awards are largely tied to the company’s performance during the next six years. That means his actual haul could wind up being nothing if Discovery’s stock falls below pre-determined targets, or it could be worth more, if the share price exceeds those benchmarks.
Nonetheless, the symbolism of a nine-figure payday in a single year is sure to stir outrage and debate among corporate watchdogs and governance experts.
Mega Payday Discovery s David Zaslav Earns 156 Million in 2014 Variety
YOU LIPs that ONLY read headlines... do you understand?
This example clearly shows how "if it bleeds it leads"... get the reader's attention and that's all that is needed never MIND the FACTS!!!
Never mind that this is NOT a salary of $156.1 million !
Never mind this is spread out over six years!
Never mind it is directly tied to the CEO's performance and directly paid based on the stock's performance!
Never mind you LIPs!
