On Monday, Warner Bros. Discovery C.E.O. David Zaslav was on a panel at the Milken Conference, the annual power summit in Beverly Hills, and asked to address the spectacular compensation he continues to receive despite the headwinds and hardship that his company has endured since its formation two years ago. “I think all C.E.O.s need to be paid in alignment with shareholders,” Zaz replied. “The majority of compensation should be aligned with the performance of the stock. If the stock does well, then the C.E.O. should do much better. If the stock doesn’t do well, the C.E.O. should not. So I think alignment is critically important.”