Significant Pay Raises for Disney Execs

Walt Disney Company CEO Bob Iger is living proof that it is a good thing to work for a mouse. According to Disney's proxy filings last Friday, Iger saw a 35% increase in salary and bonuses for 2010. As far as figures go, the CEO's salary jumped to $16.3 million from the previous year's $12 million. His total compensation? Factoring in equity awards, it was $28 million.

Iger is not the only top Disney executive to see a substantial raise in pay. Disney's head of strategic planning, Kevin Mayer, saw his income increase by 42.5%. His total pay, including bonuses, now is at $2.3 million.

Why the large increases? For Mr. Mayer, it would appear his hike is linked with his work in securing Marvel for Disney and pinpointing other worthy acqusitions, such as the social gaming company Playdom. As for Mr. Iger, his significant raise can be traced back to what Disney's board of directors' compensation committee called an "exceptional performance."

Despite a sluggish economy, Disney seems to be doing well overall, financially-speaking. Movies, such as Toy Story 3 and Alice in Wonderland, had very strong box office this past year. The net gain for the company was up 20% from the previous year, and revenues saw an increase of 5%. Also, the company's stocks were at $40 a share - a near ten-year-high level this past month.

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