- General
- January 13, 2019
- 4 minutes read
Disney’s Bob Iger Made Record $66 Million Last Year
Disney CEO Bob Iger image : Thomas Hawk on Flickr A recent SEC filing made by Burbank, California-based Disney revealed its…
Disney CEO Bob Iger
image : Thomas Hawk on Flickr
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A recent SEC filing made by Burbank, California-based Disney revealed its CEO Bob Iger made $65.6 million last year including $43.6 million in restricted stock and options and an $18 million cash incentive, Iger’s largest ever compensation package, 81% higher than that of 2017.
Even with this, Iger missed out of a $60 million bonus tied to Disney’s financial performance, meant to be paid if the company’s cumulative segment operating income for five years ended September 29 surpassed $76 billion. Disney recorded $73.9 billion over this period.
Shanghai Disneyland Park
image : Disney
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Absent from his compensation details were stock grants tied to a completion of Disney’s $71.3 billion deal to acquire 21st Century Fox, one still pending approval from regulators. Disney entered an agreement to acquire the company June last year, inking one of the largest acquisition deals in history.
Iger succeeded Michael Eisner as Disney CEO in 2005 and is on contract to retain the position through 2021. Under his leadership, The entertainment conglomerate has seen its market cap soar high from $48 billion to around $160 billion over an eleven year period.