Disney SEC Filing Shows Big Pay Increase For CEO Bob Iger
January 23, 2012 at 4:30 AM (PT)
An SEC filing by the WALT DISNEY COMPANY shows that CEO BOB IGER made $31.4 million in compensation in 2011, an 11.9% increase over his 2010 package (12.9% more, $33.4 million, including changes in pension values and deferred compensation). The 2011 pay included $2 million in salary, a $15.5 million bonus, $8.1 million in stock and $4.8 million in option awards.
The company said that over 90% of IGER's compensation was performance-based, with the company's net income up 21%. In 2011, IGER announced that he will become Chairman of DISNEY this MARCH and will give up his CEO duties in 2015.
In addition, DISNEY told the SEC that it will retain its smaller board of directors in the wake of STEVE JOBS' death and two resignations. It is nominating ten current members for re-election on MARCH 13th, including SUSAN ARNOLD, JOHN CHEN, JUDITH ESTRIN, IGER, FRED LANGHAMMER, AYLWIN LEWIS, MONICA LOZANO, ROBERT MATSCHULLAT, SHERYL SANDBERG, and ORIN SMITH.