Warner Bros. Discovery shareholders supported the proposed $110 billion merger with Paramount Skydance. However, they advised against the massive executive compensation packages tied to the deal.

Warner Bros Discovery shareholders on ⁠Thursday backed the company’s proposed US$110 billion merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal. Under the pay packages proposed to executives, CEO David Zaslav could receive ‌up to US$887 million if the sale is completed. Proxy advisor ISS had said Zaslav’s potential payout was “extremely large”. “Management now faces a twofold challenge: securing (regulatory) approval for the deal and.....