Disney CFO Jay Rasulo To Stay Past June 30 As An Advisor, With Same Pay

There’s been a change in CFO Jay Rasulo’s plan to leave Disney at the end of this month. He’s now going to stay as an advisor to CEO Bob Iger “at his current salary” with his 2015 target bonus “unchanged,” the company says in a three-sentence SEC filing.


Disney hasn’t yet named someone to replace Rasulo as CFO. His previous contract expired in January. Rasulo decided to step down after Iger named Tom Staggs to be COO making him the heir apparent.

Rasulo made $16.2 million in the fiscal year that ended in September, the company says in its latest proxy. That included a $1.77 million salary, and a target bonus equal to twice his salary. The board also granted him performance bonuses.

The proxy adds that he would have been entitled to about $24 million in cash, options, and restricted stock at the end of the fiscal year if he left on good terms without a change in control at the company. In March he sold $12 million worth of his Disney stock.

This article was printed from https://deadline.com/2015/06/disney-cfo-jay-rasulo-stay-advisor-1201459486/