The CEO “has driven spectacular financial performance and created significant shareholder value,” the board says in the proxy statement just filed with the SEC. Bob Iger’s package consists of a $2.5 million salary, $8.9 million in stock awards, $8.3 million in option awards, $22.8 million in non equity incentives, $2.8 million change in pension value, and $1.1 million in other compensation. That last category includes $391,411 for personal air travel and $614,582 for security.
Disney shares appreciated 38% in the fiscal year that ended in September vs 20% for the benchmark Standard & Poors’ 500.
The CEO’s take could increase as a result of the contract he signed in October extending his term to mid-2018. To “provide an incentive for Mr. Iger to agree to a contract extension and to stay” through the additional years, he gained an opportunity to see a performance-based award tied to growth in Disney’s operating income. “The Board believes the growth in operating income represented by the targeted level will benefit shareholders through meaningful growth in shareholder value.”
http://deadline.com/2015/01/disneys-bob-iger-made-46-5m-in-2014-up-35-5-1201352010/
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