Keeping the Z at the D

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Discovery Comm didn’t just quietly reup pres/CEO David Zaslav‘s contract in an SEC filing. It announced that his employment has been extended through the end of ’19 in a news release on Fri. It saved the SEC filing for the specifics—he has a base salary of $3mln per year plus an annual target bonus of $6.6mln (which increases throughout the contract) and he’s entitled to generous stock with the exec committing to hold the majority of his equity from stock grants to term. On Tues, he received his first grant of 4.7mln special stock appreciation rights, and will receive subsequent grants. Zaslav joined the company in ’07, with overall profits tripling during his tenure and the total number of Discovery nets worldwide doubling to nearly 200.

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