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Discovery's David Zaslav awarded $42.6 million in compensation in 2010

David Zaslav, chief executive of the Maryland-based Discovery Communications Inc., was awarded a compensation package valued at $42.6 million in 2010 -- more than triple his compensation for the previous year.

That's a lot of TLC.

Discovery owns such channels as Discovery, TLC, Animal Planet, Planet Green, Discovery Fit and Health as well as 50% of the Oprah Winfrey Network. Zaslav, a former high-level NBCUniversal executive, took the helm at Discovery in January 2007, a year before the company went public.  Its shares have increased by nearly 20% this year, closing Monday at $40.48. 

Zaslav was paid $2 million in salary. He received stock awards of $20.3 million and options that are currently valued at $15.4 million. The company also provided $4.4 million in non-equity incentives, plus other compensation, including travel and security expenses. Zaslav's total compensation for 2009 was $11.7 million.

The information was contained in a filing Monday to the Securities and Exchange Commission. 

Discovery's founder and chairman, John S. Hendricks, accepted a package valued at $9.5 million for 2010 -- a substantial reduction from his $17.3-million package, boosted by stock options, during the previous year. 

Mark G. Hollinger, chief executive of Discovery Networks International, received $5.6 million in 2010, and Peter Liguori, the company's chief operating officer, collected $4.9 million in salary, bonus, stock and options. Chief Financial Officer Bradley E. Singer's compensation was valued at $4 million.  

-- Meg James


Comments () | Archives (2)

Just make sure he's taxed to death on every penny because that's only fair and he's got too much. Right?

My salary is just 40000 us dollars/annum.This guy is getting 42 million dollar in compensation.The world is so weird.I will ray to god that my wife should not read this news else she will start talking about diamond necklace and my inability to buy it.


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