×
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

  • welcome home Apple Ad

    Cannes Lions Takes Place in Time of Change for Ad World

    The ad industry gathers June 17-21 for its annual celebration of commercials, marketing and creativity, the Cannes Lions in the French Riviera. It does so against a backdrop of ongoing and profound upheaval within the world of advertising. The share prices of all the major ad groups, such as WPP, Publicis and Omnicom, are down [...]

  • R&B Singer Ann Marie Signs With

    R&B Singer Ann Marie Signs With Interscope Records (EXCLUSIVE)

    Chicago-based R&B singer-songwriter Ann Marie, known for her hit “Secret” with YK Osiris, has signed with Interscope Records, the company announced exclusively to Variety today. “Ann Marie is the prototype for today’s artist,” says Nicole Wyskoarko, the label’s EVP of urban operations. “She’s developed and cultivated a dedicated fan base using the tools of today [...]

  • Gay Chorus Deep South

    Branded Content Campaigns Help Ads Cut Through Clutter

    The business of advertising has changed from the days when an expensive 30-second spot was the be-all and end-all of a campaign, leading many commercials production companies and their directors to diversify. In an era of content overload, when it’s easier than ever for consumers to skip an ad or avoid it altogether, many advertisers [...]

  • Gloria Vanderbilt Dead at 95

    Gloria Vanderbilt Dies at 95

    Gloria Vanderbilt, a famous model and socialite who was often a subject of fascination in the worlds of fashion and media, has died at 95, according to a report on CNN, where her son, anchor Anderson Cooper, has worked for several years. From a young age, Vanderbilt led a tumultuous life, one marked by a [...]

  • Patrick Drahi

    Altice's Patrick Drahi to Acquire Sotheby's Auction House for $3.7 Billion

    Patrick Drahi, the owner of the telecom group Altice, is on track to purchase Sotheby’s, the high-profile auction house, for $3.7 billion. The acquisition would turn Sotheby’s into a privately owned concern after 31 years as a publicly listed company on the New York Stock Exchange. Drahi said the acquisition had “no capital link with Altice [...]

  • Soundgarden’s Immersive 'Artists Den' Experience Premieres

    Soundgarden’s Immersive 'Artists Den' Experience Premieres This Week (Exclusive Preview)

    There’s no question that the posthumous release is the most difficult to get right: Human beings are unpredictable, and trying to guess what a person’s intentions might have been is an unhill (if not a losing) battle. Yet posthumous releases ranging from Michael Jackson’s “This Is It” to recent Prince and Jimi Hendrix collections prove [...]

  • entertainment weekly

    In New Era, Entertainment Weekly Must Appeal Moment by Moment

    When Entertainment Weekly launched in 1990, ambitious executives running the new publication – which debuted with a relatively unknown K.D. Lang on the cover –  tread deliberately into uncharted territory. Nearly 30 years later, personnel are carving out a similar path. EW will have to chronicle entertainment of the moment, even as its print magazine [...]

More From Our Brands

Access exclusive content