Warner Bros. Discovery shareholders just rejected CEO David Zaslav's pay package. Wall Street thinks a split-up of the company may be next.

CEO David Zaslav will collect a $51.9 million salary at Warner Bros. Discovery. That comes despite a shareholder vote rejecting the pay package. An advisory firm had suggested shareholders say no citing “inadequate responsiveness and an unmitigated pay-for-performance misalignment.

A majority of Warner Bros. Discovery shareholders think David Zaslav’s paycheck is too damn high. At a recent stockholders meeting, nearly 60% of voting members struck down an advisory measure to approve 2024 pay packages for the CEO and other high-ranking executives,