Walt Disney Co.’s Chief Executive Bob Iger received nearly $25 million in total compensation in 2006 during his first full year on the job, according to a regulatory filing.
Iger received $2 million in salary, a $15 million cash bonus, $4.3 million in long-term incentives, nearly $3 million in stock options and about $670,000 for security, personal air travel and transportation, according to the Securities and Exchange Commission filing.
The 55-year old chief executive received about $12.7 million in total compensation in 2005, while former Chief Executive Michael Eisner earned $1 million in salary plus a $9.1 million bonus during his last year in charge of the company.
Since assuming the top job in October of 2005, Disney’s revenues and profits have swelled to record levels, sending shares up 50 percent since October of 2005.
Shares of Disney were up 14 cents in after-hour trading to $35.35. The markets were closed Monday due to the Martin Luther King Jr. holiday.