Walt Disney pays Bob Iger about $27 million yearly for returning as chief government officer beneath a brand new two-year deal.
Iger will obtain a base wage of $1 million and a bonus equal to that quantity, in response to a submitting by the corporate on Monday. As well as, he’ll obtain inventory awards with a goal worth of $25 million annually.
Disney, the world’s largest leisure firm, introduced Sunday that Bob Chapek was stepping down as CEO instantly, to get replaced by Iger, who ran the corporate for 15 years previous to retiring in December 2021.
The quantity, which depends on the efficiency of Disney inventory, will not be as massive as a number of the firm’s pay packages traditionally. Chapek, who was named CEO in February 2020, obtained $32.5 million in whole compensation in fiscal 2021. Iger, who was government chairman on the time, obtained $45.9 million.
Disney has sought to rein within the pay of its prime government lately after frequently receiving criticism from company governance consultants.
Media executives routinely prime the listing of highest-paid U.S. executives. David Zaslav, CEO of Warner Bros. Discovery Inc., obtained $247 million final yr.
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