It doesn’t seem to matter that Disney’s stock price was down slightly during the fiscal year for which the CEO was paid. His package, disclosed in a just-filed proxy statement, includes a $2M salary (same as in 2010), $8.1M in stock awards (+10.1%), $4.8M in option awards (+9.1%), $15.5M in incentive compensation (+15.2%), and additional pension value of $2.1M (+29.4%). The company says that he deserves the bump because Disney “achieved record net income, revenue and earnings per share in fiscal 2011, with net income increasing 21%, revenue increasing 7% and earnings per share, excluding the impact of items that affected comparability between the years, increasing 23% over fiscal 2010.” The board seems to believe that Iger deserves most of the credit: His compensation accounts for about 56% of the total paid for the top five honchos listed in the SEC filing — and the four under Iger collectively made about the same as they did in 2010. The second-highest-paid exec, CFO Jay Rasulo, was far behind the CEO with $11.1M in compensation, up 5.1%. Iger’s package includes $371,439 for personal air travel and $561,303 in security expenses. In addition to the compensation info, Disney said it will hold its annual shareholder meeting March 13 in Kansas City, Mo.
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.