Disney Chairman-CEO Robert Iger's compensation jumped to $43.7 million in 2014. The change came in the form of a larger bonus: $22.8 million, up 68% from the year before. The company disclosed the compensation package Friday in its annual proxy statement filed with regulators.
Disney’s Iger Pay Package Surged 27% In ’14
NEW YORK (AP) — Disney Chairman and CEO Robert Iger’s compensation jumped to $43.7 million in 2014 as the company had a blockbuster year.
Iger’s pay package was up 27 percent from 2013, when he received $34.3 million in compensation. The change came in the form of a larger bonus: $22.8 million, up 68 percent from the year before.
The company disclosed the compensation package Friday in its annual proxy statement filed with regulators.
The Burbank, California, company’s net income rose 22 percent to $7.5 billion in its fiscal year that ended Sept. 27, aided by strong performance for films including “Frozen,” “Maleficent,” and Marvel’s “Guardians of the Galaxy” and “Captain America: The Winter Soldier.”
Iger’s salary was unchanged at $2.5 million. The value of his stock awards and other compensation grew slightly and the value of his options inched lower.
The AP’s calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year.
BRAND CONNECTIONS
Iger, 63, has been CEO of Walt Disney Co. since 2005 and chairman since 2012. While Disney said years ago that he would give up the CEO role in 2015 and leave the company in 2016, the board of directors announced in October that he will remain chairman and CEO through June 2018.
Shares of Disney are trading around all-time highs and have nearly doubled in value over the last two years. The stock closed up 83 cents at $95.18 Friday.
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