Categories Technology

No pay hike for Disney CEO Bob Iger

Walt Disney’s shareholders have rejected a remuneration plan that recommended an annual salary of $48.5 million for CEO Robert Iger for each year from 2018 to 2021. This plan also included equity-based awards in the region of $100 million.

52% of the shareholders voted against this remuneration plan, which is associated with the takeover of 21st Century Fox’s certain assets by Disney.

Walt Disney CEO Bob Iger Pay
Source: Disney SEC Filing

Year-over-year from 2015 to 2017, Bob Iger’s total compensation has been decreasing. Last year, his total compensation slipped 17% to $36.3 million from 2016, hurt by the decreased (-32%) performance-based cash bonus of $20 million.

The board believes it is necessary for Iger to remain with the company so that he can take care of the planned buyout of Fox.

Iger has been CEO since 2005 and from that time to now, Disney’s market cap has more than tripled while its shareholder return more than quadrupled.

Disney, which reported its first quarter results last month, is waiting for the regulatory approval for its $52.4 billion acquisition of Fox.

Most Popular

PayPal Holdings (PYPL) Q1 2021 revenue up 31%; earnings beat

PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after

Infographic: How Twilio (TWLO) performed in Q1 2021

Twilio (NYSE: TWLO) reported first quarter 2021 earnings results today. Revenue increased 62% year-over-year to $590 million. GAAP net loss widened to $206 million, or $1.24 per share, compared to

Uber Technologies reports Q1 loss of 6 cents per share: Infographic

Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top