Walt Disney Co. Chief Executive Michael Eisner was paid $8.3 million last year, 14 percent more than in 2003, the company said in a Securities and Exchange Commission filing released Thursday.
On top of his $1 million salary, Eisner received a bonus of $7.25 million and other compensation of about $62,000 for the fiscal year ended Sept. 30.
Disney also revealed that it spent $735,000 on security systems, security advice and personal protection services for Eisner.
President and Chief Operating Officer Robert Iger was also amply rewarded, receiving $12 million in 2004, including a $6.5 million bonus and $3.5 million in incentive compensation based on the company's performance in 2003 and 2004. His total 2003 compensation was $6.9 million.
Also in today's Disney-related news was the board of directors' decision to amend the company's corporate governance guidelines to officially separate the offices of chairman and chief executive , a move hailed by corporate governance advocates who pushed for the change. Disney's board first split the roles last year after shareholders delivered a stinging vote of no confidence in former Chairman and Chief Executive Eisner an event that prompted the board to strip him of his chairmanship.
Shares of Disney rose 0.2 percent to $27.44 at close of trading.
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