Disney CEO Bob Iger’s Pay Rises 80% To $65.7 Million

Bob Iger

Walt Disney Co. Chairman and CEO Bob Iger saw his pay rise to $65.7 million, an 80% increase over a year ago, according to documents filed today with the SEC.

The compensation reflects the generous stock package Iger was awarded as incentive to remain with the company past his planned retirement date, and lead Disney through its acquisition of much of 21st Century Fox’s film and television assets.

Iger earned a salary of nearly $2.9 million, up from $2.5 million a year ago. He collected options worth $8.3 million and non-equity compensation of $18 million.

But the biggest chunk of Iger’s compensation came from the stock award connected to the Fox deal, which was valued at $35.35 million. Disney notes that the stock ultimately could be worth as much as $149.6 million if the acquisition wins regulatory approval and closes, and he achieves the highest level of performance.

In 2017, Iger earned $36.3 million in total compensation.

Today’s filing spelled out compensation for other executives.

General Counsel Alan Braverman earned a total salary of $10.4 million in 2018;  CFO Christine McCarthy earned $11.8 million; Chairman of Direct to Consumer, Kevin Mayer, earned $11.6 million; Chief Human Resources Officer Jayne Parker brought in $6.8 million and Chief Communications Officer Zenia Mucha earned $5.1 million.

This article was printed from https://deadline.com/2019/01/disney-ceo-bob-igers-pay-rises-80-to-65-7-million-1202533947/