×

Bob Iger’s Disney Compensation Drops to $47.5 Million in 2019

Disney chief Bob Iger saw his compensation for 2019 drop to $47.5 million, a 28% decline from his 2018 pay package.

Disney’s leader earned $3 million in salary and a $21.8 million bonus, plus another $10 million in stock awards and $9.6 million in stock options, Disney disclosed in the company’s annual proxy filing with the Securities and Exchange Commission filing on Friday. The $47.5 million total includes the current market value of options and stock awards that won’t be paid out for some time and thus could lose value.

Iger has also opted to forgo another $5 million special bonus that he was due to receive under a previous employment contract that called for the payment if he remained at the helm of Disney through July 2, 2019.

“In response to shareholder feedback regarding total compensation, the Committee discussed with Mr. Iger, and Mr. Iger agreed to the elimination of that $5 million bonus,” Disney said in the filing.

Iger faced criticism last year over concerns about excessive CEO pay when he received a windfall of $65.6 million that included a one-time $35.3 million in stock awards after he agreed to renew his contract as CEO through the end of 2021 in connection with Disney’s acquisition of 21st Century Fox. Last year, Disney’s board of directors also cut $13.5 million from the bonus that Iger was due to receive after the closing of the Fox transaction in March.

Christine McCarthy, Disney’s chief financial officer, drew the second largest comp package among Disney corporate officers with a total of $14.9 million, up from $11.8 million in 2018.

Alan Braverman, Disney senior exec VP and general counsel, took home a total of $13.7 million in 2019, up from $10.4 million in 2018.

The proxy also disclosed that the company’s annual shareholders meeting will be held at 10 a.m. on March 11 at Duke Energy Center for the Performing Arts in Raleigh, N.C.

More Biz

  • Harvey Weinstein

    Weinstein Jury Ends First Day of Deliberation With No Verdict

    The jury in the Harvey Weinstein trial has ended the first day of deliberations without reaching a verdict. The jury got the case on Tuesday morning after a six-week trial, in which six women took the stand to accuse the disgraced producer of sexual assault. Weinstein faces five counts, including two counts of predatory sexual [...]

  • CDBaby logo

    CD Baby Is Shutting Down Its Retail Store

    As if the name “CD Baby” weren’t already an anachronism, the independent distributor announced late last week that it is shutting down its retail store, although it will continue to distribute physical product through other channels. “CD Baby’s mission is to help artists monetize and promote their music in the best ways possible,” a message [...]

  • Harvey Weinstein

    Harvey Weinstein Jury Requests to See Evidence During Start of Deliberation

    The jury in the Harvey Weinstein trial asked to be shown the blueprints of his Soho apartment, and some Weinstein emails in which certain accusers’ names were highlighted. The 12-person panel began deliberating earlier on Tuesday morning, after Justice James Burke read them instructions. Weinstein is accused of sexually assaulting Miriam Haley at the Soho [...]

  • American alternative rock band Pearl Jam

    Pearl Jam Tell Congressmen BOSS Ticket-Reform Act Is ‘Flawed’

    UPDATED: The BOSS Act is legislation designed to crack down on improper practices in the secondary ticket market — bots, price-gougers and the like — spearheaded by New Jersey Democratic Congressmen Bill Pascrell and Frank Pallone Jr. The bill, which is officially named the “Better Oversight of Secondary Sales and Accountability in Concert Ticketing Act” [...]

  • Sofar Sounds Unveils a Battery of

    Sofar Sounds Unveils a Battery of New Programs for Artists

    Sofar Sounds — which has made a name and a business for itself by staging “secret gigs and intimate concerts” featuring emerging artists for an invited, engaged audience — today unveiled a series of new programs intended to serve artists better, including a new payment model that will see artists paid more for playing bigger [...]

  • The Night Manager Network

    Endeavor Content Takes Minority Stake in 'Night Manager' Producer Ink Factory

    Endeavor Content has taken a minority stake in “The Night Manager” producer The Ink Factory. Under the deal, the “Killing Eve” and “Night Manager” distributor is to set up a bespoke development fund for Ink Factory. The pact will specifically target the U.S. market with high-end TV series developed out of Ink Factory’s U.S. outpost [...]

  • David Coulthard, Sunil Patel, Jake Humphrey

    Sony Pictures Television Takes Minority Stake in U.K. Sports Producer Whisper

    Sony Pictures Television has invested in U.K. sports-focused production outfit Whisper Group. Effective immediately, the business will replace Channel 4’s Indie Growth Fund as a minority stakeholder in Whisper, which has become a leading voice in sports entertainment. Founded by BAFTA-winning CEO Sunil Patel, broadcaster Jake Humphrey and F1 commentator David Coulthard, Whispers covers NFL, [...]

More From Our Brands

Access exclusive content