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BLAME: RJK Jr recalls, Zaslav’s summer camp, Target’s Swiss Army execs
Description
DR
Warner Bros.’ Zaslav Offers $68 Million to Buy Summer Camp
new January 2026 employment agreement
$96M: Make-Whole RSU award to CEO Daivd Zaslav of 1,963,465 shares; after January 2 Follow-On Option award of 3,052,734 options because share price is down
Under a new employment agreement executed on June 12, 2025, Zaslav received a special award of 20,898,776 stock options with an exercise price of $10.16 (~$400M). Additionally, on January 2, 2026, he was granted 3,052,734 follow-on stock options with an exercise price of $28.51 (~$40M). To address the higher exercise price of these options compared to the initial grant, Zaslav received 1,963,465 restricted stock units on January 5, 2026 (~$56M).
The Compensation Committee: 23 meetings in 2025
*Paul A. Gould, 80, 18 years tenure
Gould and Zaslav worked closely together at Discovery, Inc. for nearly 15 years.
David Zaslav took the helm as President and CEO of Discovery, Inc. in January 2007.
Paul Gould joined the Discovery, Inc. Board of Directors shortly after, serving as an independent director from 2007 until the company merged with WarnerMedia.
Both men belong to the tight-knit professional circle surrounding cable pioneer and billionaire John Malone.
Paul Gould has a long history as a trusted director across Malone’s web of companies, serving for years on the boards of Liberty Global and Liberty Latin America.
David Zaslav has publicly and frequently cited John Malone as his primary professional mentor.
Their shared ties to Malone are so closely linked that in 2012, Zaslav partnered with other high-level executives to donate $1 million to the Cable Center specifically to build and name the John Malone Theater.
Paul Gould has served as a Managing Director and Executive Vice President at Allen & Company, a premium boutique investment bank deeply embedded in the media and entertainment ecosystem. Through this avenue, Gould and Zaslav connect in two ways:
Financial Advisory: Allen & Company has a long history of providing valuation opinions, advisory services, and market analysis for major transactions initiated by Zaslav during his career.
The Sun Valley Conference: Allen & Company famously hosts the annual "Summer Camp for Billionaires" in Sun Valley, Idaho. As a prominent m