Thursday, December 24, 2015

CEO Bob Iger Gets Pay Cut At Disney

Walt Disney Company CEO Bob Iger took a slight pay cut in 2015, with his total compensation package falling 3.4% to $44.9 million, according to public filings.

Variety reports the media and entertainment chief earned $46.5 million in salary, bonuses and stock awards a year earlier. That represented a big boost from Iger’s 2013 package of $34.3 million.

It was a year that saw Disney climb box office heights with the return of the “Star Wars” franchise, but one that also saw its shares take a hit amidst investor concerns about the long-term future of ESPN. There are worries that cable subscriber defections could negatively impact the sports channel’s financial model. For the most part, investors profited from their investment in the company behind Pixar, Marvel and Lucasfilm. Disney’s stock rose by 18% during the fiscal year.

Iger’s compensation includes $2.5 million in salary, $22.3 million in incentives, $8.9 million in stock and $8.4 million in options.

In terms of Disney’s leadership, COO Thomas Staggs, who assumed his post in February, earned $20 million in total compensation. That includes just under $2 million in salary, $8.6 million in incentives, $4.6 million in stock and $3.4 million in options.

No comments:

Post a Comment