Former CNN Worldwide President Jeff Zucker received $5 million from WarnerMedia in an exit deal after resigning in disgrace last month, according to a report.
The amount was compensation Zucker was owed from his 2021 bonus and was paid to him after negotiating an exit deal with the parent company.
The exit agreement was reportedly discussed and finalized prior to Zucker’s resignation announcement in February. According to a report, Zucker’s deal did not include any severance pay.
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The final agreement included a nondisclosure agreement, barring him from discussing the circumstances of his exit with anyone, and required that he waive his rights to sue the company.
However, a source told the Wall Street Journal that Zucker is still considering legal action.
Last month, Zucker resigned from his post, saying, “I acknowledged the relationship evolved in recent years. I was required to disclose it when it began but I didn’t,” in an email to CNN employees. “I was wrong. As a result, I am resigning today.”
It was speculated and then revealed that the relationship was with CNN Chief Marketing Officer Allison Gollust, who also resigned just two weeks later.
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WarnerMedia CEO Jason Kilar announced in a memo that an investigation uncovered ethical violations as a result of the relationship between Zucker and Gollust.
