Disney CEO Bob Iger’s total pay package increased by 30% last year — from $31.6 million to $41.1 million.
CEO Bob Iger ©Disney
The fiscal year 2024 compensation details were disclosed in the company’s annual proxy report, which comes as Disney begins to ramp up its search for Iger’s successor who will be selected by early 2026.
Iger’s salary isn’t the only one that was revealed for fiscal year 2024. Hugh Johnston, CFO of Disney since December 2023, made $24.5 million, while Horacio Guttierez, Senior EVP and Chief Legal and Compliance Officer, made $15.8 million — an increase from $11.6 million in fiscal year 2023.
©Disney
According to Deadline, Iger’s compensation package is weighted toward performance-based incentives, with $1 million of the total being accounted for as his base salary. Around $18.3 million of Iger’s pay came from stock awards, $12 million was option awards, $7.2 million in non-equity incentive plan compensation, and $2.1 million came from “other.”
©Disney | Walt Disney Company Headquarters
Disney will be holding its first earnings call of fiscal year 2025 on February 5th, where we’ll hear more about how the company performed financially during the first quarter of the year, followed by the company’s annual shareholder meeting on March 20th.
Luckily, this time Iger doesn’t have multiple activist investors attempting to take over Disney’s board of directors and trying to make widespread changes at the company.
Walt Disney Company Headquarters ©LA Times
Instead, Disney is urging “no” votes on three shareholder proposals that deal with climate-related investments by the company’s retirement plan; participation in the Human Rights Campain’s annual Corporate Equality Index; and a bid to get the company to acknowledge shifting ad and promotional funds away from platforms “for expressing disfavored political and religious viewpoints.”
A vote will also be held on the compensation of executives, but that vote is non-binding — meaning that no matter what votes come in, the executives will still receive their pay.
©Disney
In the meantime, we’ll keep an eye on the latest news from The Walt Disney Company. Make sure you stay tuned to the Disney Food Blog so you don’t miss any important announcements!
NEWS: Disney Announces NEW Disneyland President Amidst Executive Shakeup
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In general I like Iger, but c’mon. The rich get richer, the middle class and poor get poorer.
Absurd!These corporate salaries and incentive packages are obscene. It’s a shame that the workers who keep the wheels turning have to beg to get decent pay and the Disney costumers are left footing the bill for the these corporation’s outrageous payouts to their executives.
Makes sense to me. Raise food prices twice every year, raise ticket, room and package prices every year. Cut back on quality, staffing and entertainment each year. So yes by all means give them huge raises from the money you collect from frequent price increases and lower quality park experience.
Walt is turning over in his grave right now… Maybe some of the executives making mini millions of dollars could chip in and lower some of the prices at Disney World… We used to go as a family twice a year but have had to stop because of all the price gouging Disney currently does.
Millionaires get 30% raises while the rest of us get 3%; if we’re lucky.
Pretty nice he’s destroying Disney and still gets a 30percent plus raise. Disgusting!
There is no way he deserves this much money, whether it would be in stocks or whatever, since all he is doing is raising prices on EVERYTHING park related! Of course that’s all Disney executives care about is money, not the costumers. The cast members that work in the parks are the ones trying to keep the magic going. Those are the ones that should make more money, not the executives!
Sorry, all Bob did was raise prices across the board for guests and fans of Disney. He needs to move along and Disney needs to hire an outsider to the company and bring a new vision.
This is ridiculous. As Jeffrey said above, the excellent workers at the parks who make our visits memorable are the ones who deserve the pay raises. What Iger deserves is firing.
This seems excessive when I’m sure the regular Disney employees didn’t get anywhere close to 30%.