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Wednesday, May 25, 2022

Disney Chief’s Compensation Dips Slightly

Walt Disney Co. Chief Executive Bob Iger received total compensation valued at $29 million this year, according to regulatory filings. That’s about 5 percent less than the $30.6 million he made in 2008.

Iger’s base salary of $2.04 million was essentially unchanged with one extra week’s salary in 2009, according to the Burbank entertainment giant’s proxy statement. He received $6.34 million in stock awards, options valued at $8.31 million, a $9.26 million bonus. Other compensation, which included $589,102 in security services, was $3.08 million.

The company’s chief financial officer, Tom Staggs received total compensation of $9.28 million, up from $9.2 million a year earlier. Staggs and Jay Rasulo, who runs the company’s theme parks, are scheduled to switch jobs at the end of this year in order for each to gain wider experience at the company.

Disney’s annual meeting is scheduled for March 10. A proposal by institutional holder Walden Asset Management calls on the company to allow investors to vote on executive compensation. The company is recommending shareholders reject that resolution.

Disney shares were down 20 cents, or less than 1 percent, to $32.23 in midday trading on the New York Stock Exchange.

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