I do not like the CEO but his pay is part of their high revenue and high expense industry that doesn’t sustain a huge market cap. The total expenses of the combined companies over five years are in the ballpark of two hundred billion (someone please correct this.)
As a shareholder of WBD, I wish I had kinder words to say other than he's grossly incompetent and negligent. Considering how fragmented and diversified the WBD divisions are, I really question the need of this guy's role altogether.
"Meanwhile, average pay for Hollywood writers has remained virtually flat at about $260,000 as 2021, the Times reports"
That's actually higher than I thought. Good on them. Writing is hard.
More importantly, a CEO who has repeatedly made widely criticized decisions that have been driving the stock price down repeatedly was paid half a billion.