Disney’s Boomerang CEO Bob Iger is paid $27 million annually
Walt Disney will pay Bob Iger about $27 million annually to return as chief executive officer under a new two-year deal.
Iger will receive a base salary of $1 million and a bonus equal to that amount, according to a company filing Monday. In addition, he earns stock awards each year with a target of $25 million.
Disney, the world’s largest entertainment company, announced Sunday that Bob Chapek is stepping down as CEO, effective immediately, and will be replaced by Iger, who led the company for 15 years before retiring in December 2021.
The amount, which depends on Disney stock performance, isn’t as high as some of the company’s pay packages in the past. Chapek, who was named CEO in February 2020, received $32.5 million in total compensation for fiscal 2021. Iger, who was Executive Chairman at the time, was paid $45.9 million.
Disney has tried to rein in the pay of its top executives in recent years after receiving regular criticism from corporate governance experts.
Media executives regularly top lists of the highest-paid US executives. Warner Bros. Discovery Inc. CEO David Zaslav was paid $247 million last year.
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