The Walt Disney Company disclosed Friday that chairman and CEO Bob Iger's compensation package was $47.5 million for the company's latest fiscal year, which ended in September.
According to The Hollywood Reporter, the figure compares with $65.6 million in fiscal 2018, which was boosted by a stock package that Iger was awarded as incentive to remain with the company past his originally-planned retirement date. He earned $36.3 million in 2017 and $43.9 million in the year before that.
Disney disclosed the compensation for its top executives in a filing with the Securities and Exchange Commission Friday afternoon. In the filing, the board wrote that it revised Iger's 2019 compensation "three separate times," after speaking with 11 of the company's top 20 shareholders, including six of its top 10. "Through that feedback, we learned of the concerns about certain aspects of Mr. Iger's employment agreement, including concerns from some shareholders regarding the amount of Mr. Iger's total compensation and the rigor of the performance criteria for Mr. Iger's one-time performance-based equity award," the board wrote in the filing.
2019 was a significant year for the company, as Disney closed its $71.3 billion mega-deal for large parts of the 21st Century Fox entertainment business. It also completely dominated the worldwide box office, with Avengers: Endgame becoming the highest-grossing release of all time, not adjusted for inflation.
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