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The head of the cable group, which merged with Scripps Networks Interactive, made $ 42.2 million in 2017.
Discovery Inc. CEO David Zaslav's 2018 salary jumped 306% to $ 129.4 million from $ 42.2 million in 2017.
The company disclosed the compensation of Zaslav and other senior executives in a regulatory file released on March 22.
Zaslav's base salary remained unchanged at $ 3 million, and option grants and other performance-based incentives became the main driver of the big jump in his overall compensation.
He earned $ 102 million in option grants in 2018, up from $ 15.6 million a year ago, while his equity awards at $ 14.8 million last year. and an additional $ 9 million in a non-equity incentive plan approximated the same compensation categories in 2017.
The sharp rise in Zaslav's wages is also the result of a new contract until 2023, which includes a large initial grant linked to the stock performance of his company.
"Mr. Zaslav has led excellent operational achievements, including the successful acquisition and integration of Scripps Networks with significant cost and operating synergies, other strategic acquisitions and partnerships to guide our communications strategy. direct with the consumer, as well as the broadcast of our first Olympic Games in Europe "The Discovery Council said in the SEC's record to explain the reasons for the increase in compensation of Zaslav last year.
Zaslav also realized $ 37.2 million in 2016 and $ 32.4 million in 2015. His compensation for 2018 is still lower than the $ 156.08 million he had earned in 2014, which was one of the largest salary benefits of US companies in recent years. options granted for the signing of a new long-term employment contract in January of this year.
The SEC's case reveals that Discovery's CFO, Gunnar Wiedenfels, who joined the company two years ago, saw his total salary rise to $ 6.64 million in 2018, up from $ 6 million a year earlier. And Bruce Campbell, director of development, distribution and legal affairs, saw his total compensation rise from $ 12.3 million last year to $ 7.75 million in 2017.
Discovery shares rose 10% last year, while net income of $ 594 million was a loss compared to a loss of $ 337 million in 2017.
Discovery, last year, finalized its $ 14.6 billion takeover of Scripps Networks Interactive.
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