Discovery Communications’ CEO Expected to Earn Big in 2014
David Zaslav, CEO of Discovery Communications, Inc. (NASDAQ:DISCA) since 2007, is likely to bring in $110 million in 2014, reports Bloomberg. The year 2014 is the beginning of a new contract with the company that will keep him with Discovery until December 31, 2019, the communications giant announced Friday. The $110 million in compensation includes a salary of $3 million, $6.6 million in potential bonuses and more than $1 million in performance-based restricted stock units, based on the value of the share’s at Thursday’s close, said Bloomberg.
Zaslav originally joined Discovery Communications in 2007 after working for NBCUniversal, and helped shepherd the company’s IPO; Discovery’s stock has since increased sixfold. Some of his biggest accomplishments in the role include doubling the company’s line-up of cable networks and pioneering a joint venture with Oprah Winfrey to create the OWN channel, per Bloomberg.
The company has also expanded overseas since Zaslav took the wheel: the number of international networks run by Discovery has increased to nearly 200, reports AdWeek. The Discovery CEO also oversaw the company’s largest ever acquisition, which involved 12 television networks across Northern Europe in a deal worth $1.7 billion.