×
You will be redirected back to your article in seconds

Disney CEO Bob Iger’s Pay Dropped 17% to $36.3 Million Last Year

Walt Disney Co. Chairman-Chief Executive Officer Bob Iger received $36.3 million in compensation during the fiscal year ended Sept. 30, down 17% from the previous fiscal year.

Disney made the disclosure as part of the company’s proxy statement filing Friday. The 66-year-old Iger received a $15.2 million cash bonus tied to results, including segment operating income and return on invested capital.

His base salary remained flat at $2.5 million, as did stock awards at about $9 million. Non-equity incentive compensation fell to $15.2 million from $20 million.

CFO Christine McCarthy’s total compensation fell to $8.95 million from $10.2 million, according to the statement, and Chief Strategy Officer Kevin Mayer’s total pay declined to $8.4 million from $10.1 million. General Counsel Alan Braverman’s total compensation slid to $8.45 million from $11.12 million.  Chief Human Resources Officer M. Jayne Parker’s pay also fell to $5.09 million from $5.6 million.

Iger will get paid more during the current fiscal year. Disney announced a $52.4 billion stock deal in December to buy the entertainment assets of 21st Century Fox. As part of that deal, Iger signed a new contract boosting his salary and giving him an additional $100 million in stock awards. He has postponed his planned retirement four times.

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.

Iger had previously said that he was committed to stepping down at the end of his most recent extension, through mid-2019. But spearheading the biggest acquisition in Disney’s nearly 100-year history required him to stay. The extension came at the request of the Disney board as well as that of 21st Century Fox.

The proxy statement also officially notified Disney shareholders of the annual meeting, set for March 8 in Houston.

More Film

  • PLAYA VISTA, CALIFORNIA - APRIL 24:

    Shorts Encourage Women to STEAM Careers

    Straight Up Films created the anthology “Power/On” of five shorts focused on encouraging girls in STEAM (science, technology, engineering and math with the arts thrown in) directed by actresses Rosario Dawson, Julie Bowen, Ana Brenda Contreras, Lisa Edelstein, and Nikki Reed. With support from YouTube, the shorts premiered Wednesday at the Google campus in Playa [...]

  • Stefanie Sherk obit

    Stefanie Sherk, Actress and Wife to Demian Bichir, Dies at 43

    Canadian actress and model Stefanie Sherk died on April 20 of an apparent suicide by drowning. She was 43. The Los Angeles Medical Examiner-Coroner confirmed the ruling and cause of death. Sherk appeared in the TV show “CSI: Cyber” and the movie “Valentine’s Day.” She also starred in the show “The Bridge” alongside her husband [...]

  • Ron HowardBreakthrough Prize, Arrivals, NASA Ames

    Ron Howard Talks New Luciano Pavarotti Documentary

    If one is an anomaly, two are a coincidence and three are a trend, then Ron Howard might strictly become a music documentarian after “Pavarotti” hits theaters. The documentary about the world-famous Italian tenor Luciano Pavarotti comes on the heels of Howard’s “The Beatles: Eight Days a Week” and “Made in America,” a look at [...]

  • Mary Elizabeth Winstead

    Mary Elizabeth Winstead to Star in Netflix Assassin Thriller 'Kate' (EXCLUSIVE)

    Mary Elizabeth Winstead is set to star in the Netflix actioner “Kate,” sources tell Variety. “The Huntsman: Winter’s War” director Cedric Nicolas-Troyan is helming from a script by Umair Aleem. The story revolves around a female assassin, who, after being poisoned and given less than 24 hours to live, must go on a manhunt through [...]

  • Shannon Hoon

    Blind Melon Frontman's Home Movies Captivate in Tribeca Doc 'All I Can Say'

    For a period of five years, Blind Melon frontman Shannon Hoon diligently chronicled his own life, videotaping himself with a Hi-8 video camera through every step of his musical journey — starting out in Indiana, through his meteoric rise to alt-rock icon, up to the day of his death in 1995. These captivating moments finally [...]

  • 'The Edge of Democracy' Review: A

    Film Review: 'The Edge of Democracy'

    How the hell did we get here? It’s a question that political liberals are asking themselves in many parts of the world, reeling as they are from a global tilt to the right that has yielded the tumultuous Trump presidency, the ceaseless, squabbling chaos of Brexit and, albeit less prominently in international headlines, Brazil’s submission [...]

  • Brie Larson

    Brie Larson on Diversity in the Marvel Cinematic Universe: 'We Gotta Move Faster'

    While Brie Larson is thrilled over the success of the female-led “Captain Marvel,” the actress wants more diversity in the Marvel Cinematic Universe. Larson sat down with Variety’s Marc Malkin for the first episode of Variety and iHeartMedia’s new film podcast, “The Big Ticket.” “I’m happy to be on the forefront of the normalization of [...]

More From Our Brands

Access exclusive content