Shareholders at Warner Bros. Discovery gave a thumbs down to the company’s executive compensation for 2024 — multi-million dollar paydays led by CEO David Zaslav’s $51.9 million package .

The vote, informally called say-on-pay, is required at publicly traded companies but nonetheless non-binding. Boards of directors insist that they take the votes to heart and if there’s dissent engage seriously with their biggest shareholders, and that is sometimes the case. At Warner Bros. Discovery, however, Zaslav’s pay has been in the spotlight for years, including on the picket lines during the recent Hollywood strikes.

Stockholders at the company’s annual meeting declined to approve, “on a non-binding, advisory basis, the 2024 compensation of the Company’s named executive officers,” WBD noted

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