UPDATED: Walt Disney Company CEO Bob Iger’s pay declined fractionally in 2016, to $43.9 million, about $1 million less than his total compensation the year prior, according to a public filing Friday.
The media and entertainment chief earned $44.9 million in 2015 and $46.5 million in salary, bonuses and stock awards the year before that.
Iger’s pay package in 2016 was built on a base salary of $2.5 million, stock awards and options worth $17.2 million and a $20 million incentive plan payment.
The chief executive of the Walt Disney Company, who is scheduled to retire in mid-2018, is widely respected in the industry, especially for his acquisitions of three companies — Pixar, Marvel Studios and Lucasfilm — that now power the conglomerate’s film slate.
The SEC filing also revealed that Disney’s former Chief Operating Officer, Tom Staggs, received total compensation of $15.6 million in 2016, despite leaving the company in April, when he was taken off the track to succeed Iger as CEO. That fell short of the $20 million Staggs received in 2015, with the incentive portion of his package dipping from $8.6 million to $7 million.
Other top executives at the company generally also saw their pay jump in 2016, with general counsel Alan Braverman increasing from $10.7 million to $11.1 million, chief strategy officer Kevin Mayer bumping from $8 million to $10.1 million and Christine McCarthy — promoted to become the company’s first woman chief financial officer in 2015– taking home $10.2 million, up from $7 million the year prior. HR boss Jayne Parker saw her total compensation remain essentially flat at $5.6 million.