×
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

  • Superman

    DC Lays Off 3% of Staff in Structural Reorganization

    DC Comics has laid off about seven staff members — 3% of its 240 employees — as part of a structural reorganization that will result in a three-group system for the Warner Bros. division, Variety has confirmed. Those who have left the company include senior VP of sales trade marketing John Cunningham, VP of consumer marketing [...]

  • Ice Age Twentieth Century Fox World

    How a Kuala Lumpur Theme Park Became a Fox-Themed Fiasco

    Twentieth Century Fox executives looked around in 2013 and decided it was finally time for the historic studio to get into the theme park business. Fox had seen Disney and Universal expand into Japan and China, slowly conquering the globe with their resort businesses. So they came up with a bold idea to grab a [...]

  • ally billboard a star is born

    Oscar Campaign Spending Reaches New Heights in Competitive Season

    The escalating cost of awards campaigning may reach an all-time high this season as heavyweights such as “Roma” and “A Star Is Born” battle for Oscar gold. The quest for an Academy Award has always been expensive, but Netflix’s hunger to nab its first best picture win, coupled with the presence of legitimate studio contenders [...]

  • Brian Graden and Brad Grey

    'It Boy' Seeks to Drop Salacious Suit Against Brad Grey and Brian Graden

    A self-described Hollywood “It boy” has asked for permission to drop a salacious lawsuit that asserted sexual misconduct claims against the late Paramount CEO Brad Grey and former MTV executive Brian Graden. Rovier Carrington, who filed the suit last May, notified a federal court on Jan. 18 that he was withdrawing his claims. Judge Katherine [...]

  • Former movie producer Harvey Weinstein (L)

    Harvey Weinstein Hires New Lawyers Who Repped Kobe Bryant and Rose McGowan

    Harvey Weinstein has hired a new legal team to handle his rape and sexual assault case in New York, including attorneys who represented one of his most prominent accusers, actress Rose McGowan. Weinstein has hired Jose Baez and Ronald Sullivan, of the Baez Law Firm in Miami; Pamela Mackey of Denver, Colo.; and Duncan Levin, [...]

  • Bryan Singer: New Allegations of Sex

    Bryan Singer Hit With Fresh Allegations of Sex With Underage Boys

    UPDATED: Bryan Singer, the director of “Bohemian Rhapsody,” has responded to new allegations published in the Atlantic on Wednesday that he engaged in sexual misconduct with underage boys. In the report, four men allege that Singer had sexual encounters with them when they were teenagers in the late 1990s. One of the men, Victor Valdovinos, [...]

  • 'Zootopia' Land Coming to Shanghai Disneyland

    Disney to Open 'Zootopia' Land at Shanghai Theme Park

    The Shanghai Disneyland theme park is to be expanded with the construction of a themed land based on the “Zootopia” animated film and its characters. It will be the first “Zootopia” land at any Disney park worldwide. “The rapid rate of expansion at Shanghai Disney Resort demonstrates our confidence and commitment to the company’s future [...]

More From Our Brands

Access exclusive content