Disney CEO Bob Iger’s Compensation Dropped By 28% in 2019
Walt Disney Co. Chief Executive Officer Bob Iger’s compensation was $48 million in 2019 which was significant decline compared to the previous year.
The amount of $48 million is 28% less than what Iger received in 2018. Iger earned around $65 million in the year prior due to a special bonus he got in the fiscal year for extending his contract and securing the agreement to acquire 21st Century Fox Inc.
Even without that one-time boost, Iger remains among the highest compensated in corporate America. It was bolstered by achieving a number of goals, including seeing through the $71-billion Fox transaction to its completion last March.
He also launched Disney+, a new streaming service that made its debut with more than 10 million customers in its first day.
Iger’s salary increased 4.3% to $3 million, Burbank-based Disney said in a filing Friday.
The executive, 68, agreed to postpone his retirement until December 2021 so he could oversee the Fox acquisition.