Disney’s chief-executive pay sequel outperforms the original jennifersaba
Walt Disney on March 4 reduced Chairman and Chief Executive Bob Iger’s annual compensation by $13.5 million for the remainder of his contract, which ends in 2021. Iger’s total compensation in 2018 was $65.6 million, according to Disney’s proxy statement, including a long-term incentive plan tied to renewing his contract. In 2017 he earned $36 million.
Disney is buying Twenty-First Century Fox’s entertainment and international assets for $71 billion. That deal has yet to close. At Disney’s annual meeting in March last year 52 percent of shareholders voted against the $48.5 million post-Fox pay deal, though the decision was not binding on the company.
Iger said in a statement: “I am proud to be leading the Walt Disney Company through this important time and believe the changes I, with the board, have made are in the best interest of the company.”
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