ISS advises against Warner Bros pay tied to Paramount deal
ISS urged Warner Bros Discovery shareholders to reject executive pay tied to the Paramount merger. The firm cited a misalignment between pay and performance.
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WARNER BROS DISCOVERY INC shareholders should reject $887 million in executive pay packages tied to the Paramount merger, proxy adviser ISS said on Monday. The recommendation follows an April advisory vote where investors opposed compensation plans for the $110 billion deal. This opposition signals that ISS believes the proposed payouts fail to align executive incentives with actual company performance.
