Disney Financial Results & Proxy

[OKW Lover]

As a recovering bean counter, I just read through Disney's Annual Return (10-K) and their Proxy Statement. Lots of good info in these documents about financial results and how the Company is run.

Disney's largest individual stockholder is Steve Jobs estate with 130+ million shares. At today's market price of $92.50/Share that's about $12 Billion.

 

[OKW Lover]

Much of Iger's compensation is based on long-term performance.

The Compensation Committee firmly believes in pay-for-performance. Over 90% of Mr. Iger’s target annual total direct compensation (and approximately 80% of the target total direct compensation of other named executive officers) depends on the Company’s financial results and the performance of Disney stock.
Base salary is the only fixed element of Mr. Iger’s compensation. Substantially all other annual compensation breaks into two performance-based categories:
• A performance-based annual cash bonus opportunity that is:
(a) 70% dependent on achievement of performance against four financial
measures (segment operating income, diluted EPS, after-tax free cash flow and return on invested capital), all of which the Committee believes drive long-term shareholder value creation; and
(b) 30% dependent on the Compensation Committee’s assessment of individual contributions toward achievement of pre-defined qualitative goals tied to the Company’s strategic priorities.
• An annual equity award, which for the Chief Executive Officer is comprised of 50% options and 50% performance-based units. The realized option value depends on the performance of Disney stock and the realized performance-unit value depends on three-year achievement of relative TSR and EPS performance.