Disney CEO Iger's pay fell 17% in 2017

Federico Mansilla
Enero 13, 2018

Walt Disney Co chief executive officer Bob Iger got US$36.3 million in compensation previous year as the company announced plans to acquire a majority of 21st Century Fox Inc.

Iger's pay package for the fiscal year ended September 30 included a $2.5 million base salary along with stock and options awards and more. But non-equity incentive compensation fell to $15.2M from $20M. General Counsel Alan Braverman's total compensation slid to $8.45 million from $11.12 million. It bought a majority stake in video streaming platform BamTech, opened an "Avatar"-themed attraction at one of its amusement parks in Orlando, Florida, and announced the US$52.4 billion deal with Fox in December". Mr Iger will now serve as CEO until 2021, the fourth time the company postponed his planned retirement date. Chief Strategy Officer Kevin Mayer saw his total pay fall to $8.4M from $10.1M.

Iger extended his contract last month as chairman-CEO for another two years, in order to oversee the integration of the Fox assets into Disney - assuming the deal passes muster with federal regulators.

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Iger will get paid more during the current fiscal year.

Iger had previously said that he was committed to stepping down at the end of his most recent extension, through mid-2019. The extension came at the request of the Disney board as well as that of 21st Century Fox.

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