But we have no money and we must have layoffs all the time, right?
Jason Kilar, head of AT&T Inc.’s WarnerMedia division, received $52.2 million in total reported compensation last year, more than twice the level of the Dallas-based company’s chief executive officer.
https://www.dallasnews.com/business/local-companies/2021/03/14/att-pays-new-warnermedia-boss-52-million-in-2020-underscoring-companys-streaming-ambitions/
This is why the stock price doesn't matter to the C-suite any more, and why they keep the dividend.
$48M in stock has no value until they get 50 cents on the dollar in dividends IN CASH, without having to invest any of their own money.
Anybody else who might have 48M to invest only to get 24M back would be a losing proposition.
But if you don't need to invest at all and get 24M in cash just like that, regardless of your performance, that's a sweet deal.
How many jobs is $24M? 200-400 regular jobs? Just so the dividend can be paid to this guy?
THIS is where the government's/taxpayer's money is being spent on from the "broadband to rural America" fairy tale ...
It’s called capitalism. Rich get richer and the poor get poorer if you work for an outfit. Time to start my own business I guess. Cant beat’em then join’em. Whitaker got money for all 3 of his ex wives when he dropped out of the SBC/ATT private jet with his golden parachute.
" If someone is qualified and doing a good job ,they should be composted for it. "
This is the funniest line I have seen here in a while.
If someone is qualified and doing a good job ,they should be composted for it. Unfortunately, thats not the case with the new Warner CEO. JK is a complete Jackwagon! He's ruined every longterm relationship in Hollywood with agents, talent, and veteran employees. Now he's taking down HBO. CNN has the worst ratings in a decade thanks to Kilar's ego and need for redemption/retaliation toward Jeff Zucker...Bravo JK, way to earn your 52 Mil!
At the root, OP is selling envy and covetousness.
It's a bitter pill.
"You are just jealous."
Why do people idolize sociopaths? It's disturbing.
You are just jealous.
48M in RSU stock options at Mar. 31,2020 price, exercisable over next 4 years. Sounds to me he had pretty good lawyer/agent to negotiate his contract.
We have plenty of money. Look for another reason for layoffs.
Is that 52M guaranteed? Did John leave himself any performance oriented wiggleroom? These guys throw money around like drunken sailors on shore leave!