Disney CEO’s Pay Dropped 15 Percent for 2013 Fiscal Year
The chairman and CEO of The Walt Disney Company earned $34.3 million in the 2013 fiscal year, which reflected a 15 percent drop from a year prior.
Robert Iger's pay included a salary of $2.5 million (the same as a year ago) in addition to $8.8 million in stock, $8.4 million in options, and a bonus of $13.6 million according to a filing by Disney.
Iger's total compensation for the previous year was $40.2 million.
For the fiscal year 2013, The Walt Disney Company posted record sales and profits and a net income of $6.14 billion. Revenue for the company was $45 billion, an increase of 6.5 percent from last year. Disney's stock has gained 48 percent this year.
Iger's pay last year reflected the acquisition of Lucasfilm, in addition to the opening of Cars Land at Disney California Adventure and the strong box office results from Marvel's The Avengers.
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Monica wrote on Thu, 01/02/2014 - 21:47:
I wish that instead of these huge salaries and bonuses, Disney could drop the cost of everything at the Disney parks (i.e.- resort rooms, tickets, eating, etc...) so that a normal middle class family could afford to go more than once in a lifetime. A bonus of $13.6 MILLION?!?! That could have helped a lot of people go to the Magic Kingdom.
Judith wrote on Fri, 01/03/2014 - 13:47:
I agree! Lower executive's salaries and lower prices at the parks. Increased attendance. Increased profits.
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