Warner Bros shareholders back $110 billion Paramount-Skydance merger
Warner Bros Discovery cleared a major hurdle in its proposed $110 billion merger with Paramount Skydance after shareholders approved the transaction, even as they signaled sharp unease over the executive pay arrangements tied to the deal.
Those compensation plans drew a clear rebuke in an advisory vote. Under the proposed packages, CEO David Zaslav stands to collect as much as $887 million if the sale goes through. Proxy adviser ISS had described Zaslav's possible payout as "extremely large".
"Management now faces a twofold…