So, based on the article, the main thing that Zaslav achieved was reducing debt load (by eliminating the need for outside financing) and increasing free cash flow. For people in finance, what would be the benefit, from WBD's perspective, from reducing debt load? Does it mean that they generate higher profit yields from projects or is there some tax or other reason why this would be important to a company like this?
Maelstrom52 t1_jebzqzm wrote
Reply to Warner Bros. Discovery CEO David Zaslav’s 2022 Pay Package Hits $39.3M by MarvelsGrantMan136
So, based on the article, the main thing that Zaslav achieved was reducing debt load (by eliminating the need for outside financing) and increasing free cash flow. For people in finance, what would be the benefit, from WBD's perspective, from reducing debt load? Does it mean that they generate higher profit yields from projects or is there some tax or other reason why this would be important to a company like this?