In Disney’s most recent Proxy statement, it was revealed that Bob Iger’s compensation got a big bump in their 2018 fiscal year, increasing by more than 80%.
- Iger’s total compensation increased to $65,645,214, up from $36,283,680 in the previous year.
- His salary got a slight bump up from $2,500,000 to $2,875,000, but the biggest factor was an increase in Stock Awards up to $35,352,327 from $8,984,191.
- This compensation does not include changes that the Board and Mr. Iger agreed to after the end of the fiscal year that would increase the targets to achieve his maximum bonuses.
The Board’s rationale for the compensation:
- Iger provided outstanding leadership in achieving improvements in financial performance while continuing to position the Company for future growth, highlighted by the pending acquisition of 21st Century Fox, the development of a direct-to-consumer strategy and the related reorganization of the Company.
- Outstanding Studio performance with seven films generating over $500 million in global box office sales, including four films over $1 billion in sales. The successful slate included Avengers: Infinity War, Black Panther, Coco, Incredibles 2, Star Wars: The Last Jedi, Solo, Thor: Ragnarok, and Ant-Man and The Wasp.
- Successful launch of ESPN+, the first product in support of our critical direct-to-consumer strategy.
- Record operating results at Parks & Resorts, while opening Toy Story Land at Shanghai Disney Resort and Walt Disney World, and construction of Star Wars: Galaxy’s Edge at Disneyland and Walt Disney World.
- The naming of Disney as one of the “Most Reputable Companies” by Forbes, one of the world’s “Most Admired Companies” by Fortune and one of the “World’s Most Respected Companies” by Barron’s. Disney was also recognized as one of the “World’s Best Employers” by Forbes and one of the “Best Places to Launch a Career” by BusinessWeek. Forbes ranked Disney as first among the “World’s Best Regarded Companies”.