AXIOS (Sara Fischer) - Warner Bros. Discovery shareholders approve Paramount Skydance deal
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…