Bob Iger Earns $34.3 Million in Fiscal 2013

[crazy4wdw]

From Variety:

Disney Chief Bob Iger Earns $34.3 Million in Fiscal 2013

DECEMBER 23, 2013 | 02:15PM PT
Mouse CEO's compensation down 15% from 2012

Cynthia Littleton
Editor-in-chief: TV
@Variety_Cynthia

Disney CEO Bob Iger earned $34.3 million in fiscal 2013, a 15% drop from his 2012 compensation.

Disney released details of Iger’s compensation Monday as part of the proxy filing for its 2014 annual meeting, set for March 18 in Portland, Ore.

The drop in Iger’s paycheck comes even as Disney stock is at all-time highs. But in fact, the Mouse had a better financial performance in key metrics in fiscal 2012, when the company acquired Lucasfilm and “The Avengers” tore up at the worldwide B.O.

Iger’s package for fiscal 2013 included $13.57 million in bonuses, plus more than $17 million in stock and option awards, on top of his $2.5 million base salary.

His 2013 haul is close to the $33.4 million he earned in fiscal 2011. On the heels of a banner 2012, Iger netted $40.2 million.

Even a 15% decline, Iger’s pay package is sure to draw criticism from corporate watchdog groups. Disney’s proxy outlines in detail the performance-based rationale for the salary. Notably, Disney asserts that shareholder returns have climbed 202% since Iger took the helm in 2005. He’s under contract to remain the head Mouse through June 2016.

Disney shares have been on a tear this year, gaining 45% during the past 12 months. Shares closed Monday at $73.28.

Among other details, the proxy discloses that Disney CFO James Rasulo earned $10.7 million in fiscal 2013, down from $12.1 million in fiscal 2012. General counsel Alan Braverman took in $6.9 million (down from $8.3 million in ’12) while Kevin Mayer, exec veep of business development and corporate strategy, was up slightly at $4.29 million, compared to $4.20 million last year.

Among the items that will come up for shareholder vote at the annual meeting, Disney recommends a no vote on a proposal to make it easier for shareholders to nominate independent directors; and a no vote on a proposal to limit accelerated executive pay.

Also Monday, Disney said its board has elected Twitter chairman Jack Dorsey as an independent member of its board of directors. The 37-year-old tech entrepreneur will fill the seat vacated by Judith Estrin, who will not stand for reelection at the meeting after hitting the term limit of 15 years on the board

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[OKW Lover]

Its been a good year for Disney stockholders. I hope Bob can do it again in 2014.

 

[OnSpaceshipEarth]

What did John Lasseter earn? By far, he's the most valuable executive in the Disney Universe, imho!

 

[Bob Roberts]

Congrats Bobby!!!!!!!!

You deserve every penny!!!!!!!!

108 million dollars in the past 3 years is a steal for this guy. Woooooooooooooooooooooooooooooooo!!!!!!!!!!

 

[mm1971]

That's a bargain for Disney. Parks are packed, revenues are increasing, a series of successful movies and profits are soaring. Compare his compensation to a lot of other CEO's of billion dollar companies. He has created value for the company and it's stakeholders and deserves every penny. I hope he keeps it up in 2014!

 

[wiigirl]

Its been a good year for Disney stockholders. I hope Bob can do it again in 2014.

 

[glvsav37]

That's a bargain for Disney. Parks are packed, revenues are increasing, a series of successful movies and profits are soaring. Compare his compensation to a lot of other CEO's of billion dollar companies. He has created value for the company and it's stakeholders and deserves every penny. I hope he keeps it up in 2014!

Compare his income to an overhyped free agent athlete...talk about value

 

[Belle1386]

I wish that Disney would pass along some of those millions to the outstanding Castmembers in the park. You can't have an outstanding product without outstanding Castmembers, and a sure fire way of recruiting them is to up the ante. It is well know that people on the front lines cannot support a family easily on the pay they are receiving! Many are working 70 hour weeks, or working 2 jobs. A happy worker is a productive worker.

 

[Bob Roberts]

Hold on here, do you people really think this is a steal?

No one, and I mean no one should be entitled to make $110 million dollars in 3 years. With all the poverty and suffering in the World it makes me sick to my stomach.

 

[Belle1386]

Hold on here, do you people really think this is a steal?

No one, and I mean no one should be entitled to make $110 million dollars in 3 years. With all the poverty and suffering in the World it makes me sick to my stomach.

I completely agree with you,Bob! There are far better uses for that money, than going into some corporate shark's pocket!~

 

[ChipnDale79]

Hold on here, do you people really think this is a steal?

No one, and I mean no one should be entitled to make $110 million dollars in 3 years. With all the poverty and suffering in the World it makes me sick to my stomach.

Well yeah, but welcome to 2014, that's how things work now.

Corporations don't care about the poor, they care about their bottom line and their executives pockets. Thats it.

 

[Bob Roberts]

I still fail to understand the rational behind this. How could someone morally feel right about making that kind of money, its not like you could spend it all in a year. What ever happened to caring about others and the well being of mankind. Talk about a culture that is in decline.

 

[Castle2Castle]

Whether it's millions of dollars for CEOs or thousands of dollars for other employees, so long as the money is earned through mutual exchange, there's nothing immoral about it; the quantitative difference is one of degree, not of kind. With respect to caring, his salary is no more indicative of his level of care for others than is yours or mine.

 

[Bob Roberts]

Whether it's millions of dollars for CEOs or thousands of dollars for other employees, so long as the money is earned through mutual exchange, there's nothing immoral about it; the quantitative difference is one of degree, not of kind. With respect to caring, his salary is no more indicative of his level of care for others than is yours or mine.

So wrong in so many ways. Keep on believing in what you believe in sir. Call me up in 10 years time when there will be absolutely no middle class in America due to the middle class being sucked dry by the top 1%. Then you can tell me how there is nothing immoral about these sharks and their $40 million dollar a year salary.

I am so lucky that I come from a time when jobs were plentiful and income and inflation were in line. My home cost me $30,000 dollars and I was making $32,000 dollars a year. Now the average American income is $51,000 dollars a year (Over 40 years later) and how many homes do you see for sale at $50,000 or so?

My generation is very well off, during my time no one was making millions of dollars per year and everyone benefited from that. We were also not caught up with keeping up with the Jonses by purchasing useless consumer products that is now crammed down everyone's throat by the top 1%. People need to wake up and realize how much the system is not working for them any longer.

 

[OKW Lover]

Whether it's millions of dollars for CEOs or thousands of dollars for other employees, so long as the money is earned through mutual exchange, there's nothing immoral about it; the quantitative difference is one of degree, not of kind. With respect to caring, his salary is no more indicative of his level of care for others than is yours or mine.

Well said

I don't begrudge the man his salary. He's certainly helped my portfolio this year. As a bonus, I like his product.