×
You will be redirected back to your article in seconds

Disney Chief Bob Iger’s 2018 Compensation Soars to $65.6 Million

On the heels of Disney’s historic deal to buy 21st Century Fox, Disney chairman-CEO Bob Iger saw a big increase in compensation last year thanks to stock awards he received after extending his contract in late 2017.

Iger’s total compensation for Disney’s fiscal 2018, which ended Sept. 30, reached $65.6 million, up from $36.2 million in 2017, according to Disney’s Securities and Exchange Commission proxy filing on Friday. The biggest driver of the increase was $26.3 million in stock awards Iger received in connection with his decision to extend his tenure as CEO through 2021 in order to shepherd Disney’s integration of 21st Century Fox assets.

Iger’s base salary increased slightly in fiscal 2018 to $2.9 million, from $2.5 million in 2017. He received a total of $35.4 million in stock awards and another $18 million in bonuses, per Disney’s proxy filing. Without the stock awards, Iger’s 2018 compensation package would have come in at $39.3 million.

Disney’s filing disclosed that the total value of all of Iger’s Disney stock award holdings, assuming that the company performs at the highest levels according to the metrics in his employment contract, is $149.6 million. Iger has been CEO since 2005 and has presided over a triple-digit increase in the company’s shareholder returns. Disney at present is in the home stretch of finalizing its $71.3 billion acquisition of 21st Century Fox.

The filing also discloses that Kevin Mayer, chairman of Disney’s direct-to-consumer and international unit, received $11.6 million in total compensation in fiscal 2018, including a $5.3 million bonus and $2.7 million in stock awards. Disney CFO Christine McCarthy took in $11.8 million. General counsel Alan Braverman received $10.4 million. Longtime corporate communications chief Zenia Mucha received $5.1 million.

Disney’s 2019 annual shareholders meeting is set for March 7 at the Stifel Theater in St. Louis. Also Friday, Disney disclosed that Derica Rice, president of CVS Caremark and exec VP of CVS Health, has been nominated for election to the board at the annual meeting. Current board members John S. Chen, Aylwin B. Lewis and Fred H. Langhammer will be departing the panel in keeping with Disney’s board policy that limits the tenure of members to 15 years and sets 74 as the retirement age.

“As a well-respected leader in a dynamic, consumer-facing industry, Mr. Rice will bring a wealth of expertise and experience to our Board,” Iger said. “We look forward to his insight and perspective as we continue to position the Company for long-term growth during this transformative era.”

More Biz

  • THE MASKED SINGER: L-R: Monster (T-Pain)

    New-Model Murdochs: Fox Corporation to Emerge Tuesday

    A new era for the Murdoch clan and the media business begins with the debut of Fox Corporation on Tuesday, a day before Disney completes its acquisition of 21st Century Fox. The new-model Fox will begin trading Tuesday on the NASDAQ under the FOXA symbol. On Tuesday, 21st Century Fox will initiate a complex transfer [...]

  • mark Beaven

    If Spotify Is Holding Town Halls for Songwriters, They Must Be Open (Guest Column)

    Earlier this month, Amazon, Google, SiriusXM and Spotify challenged the Copyright Royalty Board’s decision to increase the compulsory mechanical rates paid to songwriters by 44% over the next five years. The streamers have come under fierce criticism for the move, which they claim is over the complexities of the CRB’s rules but is widely assumed [...]

  • iHeartMedia Promotes Angel Aristone to Executive

    iHeartMedia Promotes Angel Aristone to Executive VP of Communications

    Angel Aristone has been promoted to executive vice president of communications for iHeartMedia, the company announced today. According to the announcement, Aristone will continue to position iHeart as a media and entertainment leader through proactive strategic communication efforts on both a local and national level. She will also continue to oversee media relations and external [...]

  • Kevin Tsujihara

    Kevin Tsujihara Out as Warner Bros. Chief Amid Sexual Impropriety Scandal

    Kevin Tsujihara has resigned his post as chairman-CEO of Warner Bros. following an investigation into his relationship with actress Charlotte Kirk and allegations he used his clout to help her find work at the studio. In a statement, Tsujihara said he realized “my continued leadership could be a distraction and an obstacle to the company’s [...]

  • TV Ad Sales Upfronts

    NBCUniversal, Sky Make Joint Ad Offering as TV Upfront Looms

    NBCUniversal and Sky PLC will offer joint packages of advertising services, a new effort to monetize the European satellite broadcaster, which was purchased by parent Comcast Corp. for $39 billion last year. Advertisers will be able to reach customers in sundry international markets as well as the United States, using inventory across NBCU and Sky [...]

  • Robert Iger and Rupert Murdochcredit: Disney

    Wall Street Applauds as Disney Nears Finish Line on Fox Acquisition

    Wall Street is rooting for Disney as the media giant reaches the finish line this week in its 15-month quest to acquire most of Rupert Murdoch’s film and TV empire. Fox shareholders, on the other hand, are being a little more cautious. Disney is poised to close the $71.3 billion deal that took many twists [...]

  • Sony Music Names Amanda Collins Head

    Sony Music Names Amanda Collins Global Head of Corporate Communications

    Amanda Collins has been named executive vice president and global head of corporate communications for Sony Music Entertainment, effective immediately, it was announced today by CEO Rob Stringer. According to the announcement, in this role she will be responsible for the company’s global internal and external communications strategy and its implementation around the world, working [...]

More From Our Brands

Access exclusive content