×
You will be redirected back to your article in seconds

Iger earned $40.2 mil for fiscal 2012

Walt Disney chairman-CEO gets 20% pay hike from previous year

Walt Disney chairman-CEO Robert Iger’s compensation jumped 20% last fiscal year as the Mouse board praised his bold strategic moves and the company’s robust financials.

The total value of Iger’s pay package rose to a hefty $40.2 million for the year ended Sept. 30 from $33.4 million in 2011, including a $2.5 million base salary, about $19 million worth of stock and stock options, a $16.5 million bonus and other items, according to a proxy statement filed with the SEC.

The board said the bonus in particular “reflected the (compensation) committee’s assessment of Mr. Iger’s strong leadership and vision in driving the company toward the attainment of many significant long-term strategic goals” citing the launch of a new cruise ship, the opening of Cars Land at Disney California Adventure, the rollout of Disney Channel into a number of key emerging markets and the renewal of several long-term affiliate deals for the cable networks and ABC. Disney also released Marvel’s “The Avengers,” a box office giant, “demonstrating the significant long- term value created from the Marvel acquisition,” the proxy said.

Iger most recently led negotiation to acquire Lucasfilm, which closed at the end of December.

The proxy, which lists salaries of public companies’ five highest-paid execs, said chief financial officer Jay Rasulo’s package totaled $12.2 million, from $11.1 million in fiscal 2011. General Counsel Alan Braverman earned $8.3 million, up from $7.8 million. Kevin Mayer, exec VP of corporate strategy and business development and Jayne Mayer, head of human resources, pulled in packages of, respectively, $4.2 million and $3.9 million.

Disney will hold its annual shareholders meeting on March 6 in Phoenix.

More Biz

  • Walt Disney HQ LA

    Disney Seeks to Throw Out Gender Pay Gap Lawsuit

    The Walt Disney Co. is seeking to throw out a lawsuit alleging that women employees are paid less than men, arguing that the suit is too sprawling and unwieldy to handle as a class action. Andrus Anderson LLP filed the suit in April, alleging that Disney’s hiring and pay practices have a discriminatory effect on [...]

  • Cuba Gooding Jr

    Cuba Gooding Jr. Sued for Allegedly Pinching Nightclub Server

    A Tao nightclub server who alleges that Cuba Gooding Jr., pinched her rear-end last year has sued the Oscar-winning actor for sexual battery. Natasha Ashworth had previously come forward to New York law enforcement, though her name had not been released publicly. Gooding was indicted last week on four misdemeanor counts, including two counts stemming [...]

  • A still from Leaving Neverland by

    HBO Appeals Arbitration Order in 'Leaving Neverland' Fight

    HBO is appealing a judge’s decision last month that sided with the Michael Jackson estate in its battle against the documentary “Leaving Neverland.” The four-hour documentary details the allegations of Wade Robson and James Safechuck, who allege that Jackson sexually abused them when they were young boys. The film won the Emmy for best documentary [...]

  • Firefighters Respond to Brush Fire in

    Brush Fire Threatens Homes in Los Angeles' Pacific Palisades

    Firefighters contained a 40-acre brush fire that threatened homes on Monday morning in Pacific Palisades, Calif., a wealthy neighborhood on the city’s Westside. The fire was first reported at 10:39 a.m., and was running uphill from 800 N. Palisades Drive. The fire threatened several homes on Charmel Lane and Vista Grande Drive, north of Sunset [...]

  • Warner Chappell Names Shani Gonzales Head of

    Warner Chappell Names Shani Gonzales Head of International, Executive VP of A&R

    Warner Chappell Music today announced the appointment of Shani Gonzales as Head of International, Executive Vice President of U.S., A&R. Based in New York, she will report to the company’s co-chair & CEO Guy Moot. Gonzales was most recently co-head of A&R at BMG U.S. and U.K., following stints at Epic Records and Def Jam. She [...]

  • Sony/ATV Names Dana Baxter Senior VP

    Sony/ATV Music Publishing Names Dana Baxter Senior VP of Corporate Communications

    Sony/ATV Music Publishing today announced the appointment of Dana Baxter as Senior Vice President, Corporate Communications, effective November 1.  According to the announcement, in this role, she will lead all global communications strategies to further advance Sony/ATV’s evolution and mission of putting songwriters first.  She will report to Jon Platt, Chairman and CEO of Sony/ATV and will [...]

More From Our Brands

Access exclusive content