Disney's Iger Compensated $25 Million
January 16, 2007 at 7:42 AM (PT)
After a year in which the WALT DISNEY CO. reported strong earnings and saw its stock rise 43%, the company showed its thanks to CEO BOB IGER with a lucrative compensation package worth almost $25 million, according to a company filing with the SECURITIES AND EXCHANGE COMMISSION.
MARKETWATCH reports that DISNEY revealed IGER's pay package in the company's annual proxy statement. According to the filing, IGER's compensation included $2 million in salary, a $15 million bonus, and a $4.3 million payout from his long-term pay package. IGER also received $666,000 expense reimbursements and other compensation and $2.92 million in DISNEY stock options during the company's fiscal year, ended SEPTEMBER 30, 2006. IGER also saw his bonus rise from the $7.7 million he received in 2005, when he was DISNEY's President/COO.
IGER took over as DISNEY's CEO in OCTOBER 2005 from longtime chief MICHAEL EISNER.