Disney CEO Bob Iger’s total pay package increased by 30% last year — from $31.6 million to $41.1 million.
CEO Bob Iger ©Disney
The fiscal year 2024 compensation details were disclosed in the company’s annual proxy report, which comes as Disney begins to ramp up its search for Iger’s successor who will be selected by early 2026.
Iger’s salary isn’t the only one that was revealed for fiscal year 2024. Hugh Johnston, CFO of Disney since December 2023, made $24.5 million, while Horacio Guttierez, Senior EVP and Chief Legal and Compliance Officer, made $15.8 million — an increase from $11.6 million in fiscal year 2023.
©Disney
According to Deadline, Iger’s compensation package is weighted toward performance-based incentives, with $1 million of the total being accounted for as his base salary. Around $18.3 million of Iger’s pay came from stock awards, $12 million was option awards, $7.2 million in non-equity incentive plan compensation, and $2.1 million came from “other.”
©Disney | Walt Disney Company Headquarters
Disney will be holding its first earnings call of fiscal year 2025 on February 5th, where we’ll hear more about how the company performed financially during the first quarter of the year, followed by the company’s annual shareholder meeting on March 20th.
Luckily, this time Iger doesn’t have multiple activist investors attempting to take over Disney’s board of directors and trying to make widespread changes at the company.
Walt Disney Company Headquarters ©LA Times
Instead, Disney is urging “no” votes on three shareholder proposals that deal with climate-related investments by the company’s retirement plan; participation in the Human Rights Campain’s annual Corporate Equality Index; and a bid to get the company to acknowledge shifting ad and promotional funds away from platforms “for expressing disfavored political and religious viewpoints.”
A vote will also be held on the compensation of executives, but that vote is non-binding — meaning that no matter what votes come in, the executives will still receive their pay.
©Disney
In the meantime, we’ll keep an eye on the latest news from The Walt Disney Company. Make sure you stay tuned to the Disney Food Blog so you don’t miss any important announcements!
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The post NEWS: Disney CEO Bob Iger’s Salary Increased by 30% in 2024 first appeared on the disney food blog.
