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It doesn’t seem to matter that Disney’s stock price was down slightly during the fiscal year for which the CEO was paid. His package, disclosed in a just-filed proxy statement, includes a $2M salary (same as in 2010), $8.1M in stock awards (+10.1%), $4.8M in option awards (+9.1%), $15.5M in incentive compensation (+15.2%), and additional pension value of $2.1M (+29.4%). The company says that he deserves the bump because Disney “achieved record net income, revenue and earnings per share in fiscal 2011, with net income increasing 21%, revenue increasing 7% and earnings per share, excluding the impact of items that affected comparability between the years, increasing 23% over fiscal 2010.” The board seems to believe that Iger deserves most of the credit: His compensation accounts for about 56% of the total paid for the top five honchos listed in the SEC filing — and the four under Iger collectively made about the same as they did in 2010. The second-highest-paid exec, CFO Jay Rasulo, was far behind the CEO with $11.1M in compensation, up 5.1%. Iger’s package includes $371,439 for personal air travel and $561,303 in security expenses. In addition to the compensation info, Disney said it will hold its annual shareholder meeting March 13 in Kansas City, Mo.
Disney’s Bob Iger Nabs $33.4M Pay Package In 2011, A 12.9% Raise
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My maid made 31.4M last year.
And I’m sure he deserves every penny. Yeah right. How can he justify that and then come out against the writers during the strike? They never asked for a 10% raise.
I don’t have a problem with people earning large amounts of money or bonuses as long as they are not LAYING OFF PEOPLE and DOWNSIZING in the process. That is what has been happening at Disney! Therefore, I say that the money has not been earned by his business savvy but by his need to make a profit off of his FORMER EMPLOYEES!
I hate this guy. It has nothing to do with how much he gets paid. I just don’t like him period. He’s been no good to Disney
And how many people were fired, laid off, and offered early retirement?
How many people can effectively run a corporate giant? These jobs pay high because theyre not easy…many many decisions every day – if one decision is made wrong the company could collapse. On top of it all, I’m sure he doesn’t have much free time to relax. Do writers and animators deal with that kind of stress? I’m a writer and I certainly don’t. CEO’s have it rough man.
He has plenty of free time. He owns a boat and he is there quite often. My mom’s little boat (she isn’t broke, but she isn’t this either) is near his big boat. He doesn’t have a loyal bone in his body, so maybe that’s why he has lots of free time – no valued friends.
Nobody is saying CEOs shouldn’t get paid well. But THIS well? Come on. We’re a country based on the idea of NOT have a royal class. And while millions are losing their jobs altogether, I would question whether or not the CEOs are even doing such a good job.
You’re joking right? The jobs are hard and the harder they are the more the compensation *within reason*. You can’t tell me that that job is more stressful than a working mom, doctor or public prosecutor in a big city etc. It’s not the stress that they get paid for, it’s to show ROI which isn’t all because of him. He may greenlight projects but doesn’t come up with them and Pirates was a no brainer to do a sequel. Luck has a lot to do with it, unless you think only Iger has figured out the formula to make successful movies? But the board like the ones in Wallstreet continue to pay outrageous salaries because it’s stock holder money, not there’s while people on the lower rungs get laid of/get minimal bonuses.
Get the fuck out of here Matt.
Miners have it rough. How about sewer cleaners and animal masturbators?
Yes, he/they should get paid well, but their bonuses and golden parachutes and whatnot are based on lots of CUTS, which includes people’s jobs.
All I know about this is what I’ve read (partly here) but Pirates 4 grossed over $1 billion last year. So a chunk of Iger’s bonus must be due to that, but he’s the one who fired Dick Cook who as I understand it supported Johnny Depp’s brilliant characterization in the first POTC. Dick Cook was in charge when the other POTC sequels were made, each grossing over a billion and Johnny Depp was sure upset when Iger fired Cook. It took a long while for Depp to commit to POTC4 after Cook’s firing (and maybe it cost Disney more?) So after maybe jeopardizing that hugely successful franchise which was totally dependent on Depp’s participation, and after firing the guy who was smart enough to support Depp’s brilliant performance in the first place, Iger now gets monetarily rewarded for the latest POTC installment? Nice work if you can get it.
You are correct. He did indeed fire Dick Cook and replaced him with Rich Ross who only had success at Disney Channel because G came up with superb programming ideas. Ross hires a marketing person with issues and then fires her, but saying she was leaving on her own. All of this of course is irrelevant, because Iger is getting richer and richer and the employees – well, the employees.
As a Disney stockholder for 30+ years I think he is doing a fantastic job, if people were laid off good, it means they weren’t needed or weren’t doing their job. Hollywood is a bloated industry to begin with.
Remember the mess Disney was in when Eisner was running things the last few years of his tenure? Remember almost losing Pixar? Iger patched things up and bought the company, then made a few high tech purchases, then bought Marvel Entertainment. Signed a deal with DreamWorks. Iger is a peacemaker, a negotiator. With the out put from Pixar, Marvel, agreement with DreamWorks, Disney can just make a few tent pole movies a year like POTC and call it a day. My only disappointment is he sold Miramax.
He understands the importance of the new generation of tech gadgets; he understands Apple and what they are going to do next, and what Apple does the world does. He brought Disney back. Much the same way Eisner brought Disney back from the years after Walt died.
Yes, Bob Iger is 100 percent responsible for every single achievement in an enormous corporation and deserves a not at all over the top 33 million dollar salary, yes people were fired so? CEOS apparently have it tough since they could be fired and be forced tu endure life with a multimillion dollar golden parachute and they are forced to make decisions? wow maybe we should hold a benefit.
Also vf? Johnny Depp had no meaning whatsover in this decision please be reasonable.
Contemporary capitalism. Rinse & repeat.
hate being mean,b ut the richer he gets the less attractive he gets. maybe it is just the aging process
But…the pirates…they take all the monies…