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The boss of the cable networks company had made $33.3 million in 2013, but last year got stock and option awards when he signed a long-term contract, aligning his interests with those of shareholders...
The board had several goals with Mr. Zaslav's new contract.
The bulk of Mr. Zaslav's compensation is tied to Discovery's stock performance, in the form of performance-based restricted stock units and cash- and stock-settled stock appreciation rights. A significant amount of the equity awards are made in the first year, vesting over time, with smaller awards from 2015 to 2018.
The company shall pay for the first 100 hours of personal use and Mr. Zaslav shall reimburse the company for personal use in excess of 100 hours.
Shareholders request that the board of directors report to shareholders by September 2015, at reasonable expense and omitting proprietary information, on plans to increase diverse representation on the board as well as an assessment of the effectiveness of these efforts.