Disney CEO Iger's pay up 30 pct in 2010

[crazy4wdw]

AP: Disney CEO Iger's pay up 30 pct in 2010

LOS ANGELES — Walt Disney Co. has awarded CEO Bob Iger a 2010 pay package valued at $28 million, up 30 percent from a year ago, according to an Associated Press analysis of data disclosed in a regulatory filing on Friday. The company said it is rewarding the 59-year-old Iger for excellent management in a tough economic environment.

The increase came as Disney's share price rose 24 percent to end the company's fiscal year on Oct. 2 at $32.98. Disney noted that the total shareholder return for the S&P 500 over the same period was just 14 percent by comparison.

During the year, Iger hired new managers for Disney's money-losing movie studio, quickly bringing it back to profitability. The studio completed the sale of the Miramax niche film label as Disney renewed its focus on its family fare from its own studio as well as Pixar and new acquisition Marvel. The Burbank, Calif.-based company also bought social game maker Playdom and mobile game developer Tapulous with an aim to reverse losses at its interactive unit, which recently went through a round of layoffs.

Fiscal 2010 net income rose 20 percent to $3.96 billion from $3.31 billion the year before, as revenue grew 5 percent to $38.06 billion.

Iger's base salary fell less than 2 percent to $2 million but his performance-related bonus surged 45 percent to nearly $13.5 million from $9.3 million a year ago. He was also granted stock options and awards valued at $11.8 million on the days they were granted, up from stock grants valued at $9.5 million the previous year.

His other compensation rose nearly 8 percent to $798,433, including personal use of company aircraft and security costs.

The Associated Press formula is designed to isolate the value that the company's board placed on the executive's total compensation package during the last fiscal year. Its calculation of total pay includes executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards at the time they are granted during the year.

The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals that companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission.

 

[Figment632]

Iger must go I want Eisner back oh yea I am serious!

Under Esnier the parks were great not an after thought he did stupid things but nit to the parks.

 

[Peter Pirate 2]

LOL. 28 million! Come on you disney defenders I want you to defend this.

This is obscene and while I DON'T want Eisner back (he was better than Iger but they should be able to do much better). I do wish they'd find a way to get back to basics although it probably is not possible given the nature of wall st. and publicly traded companies.

 

[chesterpdt186]

under eisner the parks were not really expanded or upkept and were going down hill.

He just wanted new stuff, more gates. Granted things were not generic as they are now.

Iger is doing better, but needs some better staff under neath.

 

[TheRustyScupper]

I am sure ALL of the hourly Cast Member employees at WDW to whom a 2%-3% union contract pay increase has been offered wish Ogre (I mean Iger) good fortune on his salary increase.

 

[Figment632]

under eisner the parks were not really expanded or upkept and were going down hill.

He just wanted new stuff, more gates. Granted things were not generic as they are now.

Iger is doing better, but needs some better staff under neath.

Really DHS and DAK didn't happen under Eisner?

Wiki
During the early part of the 1990s, Eisner and his partners set out to plan "The Disney Decade" which was to feature new parks around the world, existing park expansions, new films, and new media investments. While some of the proposals did follow through, most did not. These included the Euro Disney Resort (now Disneyland Paris), Disney-MGM Studios (now Disney's Hollywood Studios), Disney's California Adventure Park, Disney-MGM Studios Paris (eventually opened in 2002 as Walt Disney Studios Park), and various film projects including a Who Framed Roger Rabbit franchise.

 

[KYMickey]

Funny how no one has come forward to defend this pay increase? I guess everyone but Iger thinks it's ridiculous!

 

[johnGorski]

IGER=Greed

Enough said!

 

[ASteelersMidget]

Anyone here know the show undercover boss?

for those who don't they take Big corporation's CEO's and change their look and send them to low paying low level jobs.

All I can send is...

I'd LOVE LOVE LOVE to see Iger on that show

 

[Peter Pirate 2]

under eisner the parks were not really expanded or upkept and were going down hill.

He just wanted new stuff, more gates. Granted things were not generic as they are now.

Iger is doing better, but needs some better staff under neath.

Iger is far worse than Eisner. The 'Disney decade' happened under Eisner and while it never lived up to the original Disneyland concept it did make WDW what it is today as a vacation destination.

All Iger has done is cut and take, take, take ... Now we see just how much the boss of a company that just had its azz handed to them by Universal is worth. The BOD should be ashamed and the loyal CM's appalled.

 

[chesterpdt186]

i was speaking from how i saw eisner at the end. When eisner first took over he did some amazing ideas. And he did help to create new attractions but started to get chincy on the budgets.

(cast member 96-00 , opening team disney quest)

I am not saying iger deserves that large of pay increase (or one at all really) but i have seen more invention starting to get back into the parks.

(original eisner) > iger > ending eisner

 

[ChrisFL]

right...Iger brought Pixar back on-board, and also got George Lucas back to help with Star Tours 2.

I think the darkest days for Disney were 94-2003 or so.

While we did get lots of parks under Eisner, the only good one was Disneyland Paris (not including DisneySea which was because OLC paid so much money)

The rest of the parks started out as very short on attractions, 1/2 day parks which needed years to get anything close to a full day experience.

 

[Peter Pirate 2]

right...Iger brought Pixar back on-board, and also got George Lucas back to help with Star Tours 2.

I think the darkest days for Disney were 94-2003 or so.

While we did get lots of parks under Eisner, the only good one was Disneyland Paris (not including DisneySea which was because OLC paid so much money)

The rest of the parks started out as very short on attractions, 1/2 day parks which needed years to get anything close to a full day experience.

Nah Chris, you're forgetting the water parks for sure. Signature dining came under Mikey and the F&WF (I think), etc. The great hotels (AKL & WL). Iger bought back what he and Eisner let go because he was to scared to do it (a PIXAR quality animation division) on his own. Eisner was a slug at the end but Iger has never been anything but a pencil pusher.

 

[eliza61]

Ok so one was lousy and the other one stunk. Sad thing about it, is this seems to be the best Disney has been able to get.....

 

[Peter Pirate 2]

Ok so one was lousy and the other one stunk. Sad thing about it, is this seems to be the best Disney has been able to get.....

Yup.

 

[ASteelersMidget]

Iger must go I want Eisner back oh yea I am serious!

Under Esnier the parks were great not an after thought he did stupid things but nit to the parks.

Well I want Roy O. Disney back.

He was the CEO whe Disney land opened and was the President and CEO when Magic Kingdom Fl. opened....

Though i'm sure most of you knew that.....

 

[nytimez]

I'd take 1980s Eisner... he was great in the beginning, especially when he had Wells by his side... but things quickly went downhill from there. He truly was a visionary before pure ego took over.

Iger is/was/always will be a beancounter in Eisner's shadow -- he has no vision, he can only react and FLE (and the changing nature of FLE) only proves it.

 

[Peter Pirate 2]

This is exactly how I have always felt!

Eisner at least thought he had 'creative genius' ... He was a spoon fed prima donna and didn't really have it right but compared to Iger (the MBA) he was Mickey Mouse incarnate.

As for Wells, well, he's gone and ain't coming back BUT (and this is huge) if Jobs can get his heath back he is the man who can put the imagination back in Disney. He did it with Apple and Pixar and he could do it again. Aside from Steve, John Lassiter seems to be the great hope.

 

[skiingfast]

I forgot is Iger there to work for rice crispy mickey head treats?

He doesn't work for a theme park company either. Disney is not Cedar Fair. Eisner if you recall did and changed Disney into a media company.

So if you think Eisner did a better job remember that he took the focus off the parks and onto screens.

 

[Peter Pirate 2]

I forgot is Iger there to work for rice crispy mickey head treats?

He doesn't work for a theme park company either. Disney is not Cedar Fair. Eisner if you recall did and changed Disney into a media company.

So if you think Eisner did a better job remember that he took the focus off the parks and onto screens.

Rice Crispy treats? No. But nobody is worth 28 million. Nobody does 28 million dollars worth of work and this is proof that the so called free enterprise system, propped by wall st., is a sham and the main reason why the country is in the straits it is in.

I absolutely understand that Eisner was a media guy. But he did spend money on the parks, even though he had little use for those 'common folk' who go to them. He also was guilty of growing Disney beyond controllable measures as far as imagination and being a simple quality based company AND exploiting the brand name, although Iger has taken this past Mikey's point.

Eisner was not good for Disney in the long haul but having done what he did, the 'disney decade' and all, Iger is proving to be the beneficiary of the set up. Just milk the profits on the back of cost cuts, underpaid CM's and a good amount of smoke and mirrors.

Meanwhile Universal innovates and makes HUGE profits.