What was the reason for this change?No link on this since it is coming out of my BBG compliments of an SEC filing. Iger won't even miss it...
Disney Cuts Iger Compensation by $13.5m on Fox Deal Close Miss
By Nick Lichtenberg
(Bloomberg) --
On March 4, The Walt Disney Company and Robert Iger amended his employment agreement to reduce by $13.5 million the annual total compensation opportunities that it would have made available to him upon the closing of the transaction with Twenty-First Century Fox.
- Eliminates annual base salary increase of $500,000 on closing date, maintains annual base salary at current level of $3 million
- Eliminates annualized $8 million increase in annual target bonus opportunity following closing date, maintains annual target bonus opportunity at current level of $12 million
- Decreases by $5 million annual target long-term incentive award opportunity that would have been made available for periods following closing date to $20 million
I believe they missed the targeted Transaction Closing Date.What was the reason for this change?
No link on this since it is coming out of my BBG compliments of an SEC filing. Iger won't even miss it...
Disney Cuts Iger Compensation by $13.5m on Fox Deal Close Miss
By Nick Lichtenberg
(Bloomberg) --
On March 4, The Walt Disney Company and Robert Iger amended his employment agreement to reduce by $13.5 million the annual total compensation opportunities that it would have made available to him upon the closing of the transaction with Twenty-First Century Fox.
- Eliminates annual base salary increase of $500,000 on closing date, maintains annual base salary at current level of $3 million
- Eliminates annualized $8 million increase in annual target bonus opportunity following closing date, maintains annual target bonus opportunity at current level of $12 million
- Decreases by $5 million annual target long-term incentive award opportunity that would have been made available for periods following closing date to $20 million
Are they considering January the target missed? I know the hold up has been Brazil and Mexico mainly.I believe they missed the targeted Transaction Closing Date.
I think originally it was Jan 1 and it has slipped several times.Are they considering January the target missed? I know the hold up has been Brazil and Mexico mainly.
Had to do something with the leftover failed Tommowland Cabana experiment...News
Yacht/Beach Club Stormalong Bay Cabanas are opening soon. There are four of them.
View attachment 386369
(Photo from wdwtraveler on WDWmagic)
Are they considering January the target missed? I know the hold up has been Brazil and Mexico mainly.
I think originally it was Jan 1 and it has slipped several times.
News
Yacht/Beach Club Stormalong Bay Cabanas are opening soon. There are four of them.
View attachment 386369
(Photo from wdwtraveler on WDWmagic)
Yeah that’s why I was wondering. It is expected to close as of right now sometime this month.I was trying to find the specifics of the target close date but couldn’t find it - did see that his base did go up at Jan 1 and said it would go up by another $500,000 when the Fox deal closes so definitely something connected to Jan 1 but didn’t see explicitly
I think people who rent these don’t really care about that. This is about amenities and comfort. Not really different than cabanas at a water park. It also offers a place to keep your stuff without having to worry about it.I honestly don’t get things like that - feels like you are putting your family on display like at the zoo or something to be out in the open like that with a rope and kind the area
I honestly don’t get things like that - feels like you are putting your family on display like at the zoo or something to be out in the open like that with a rope and kind the area
I think people who rent these don’t really care about that. This is about amenities and comfort. Not really different than cabanas at a water park. It also offers a place to keep your stuff without having to worry about it.
Yeah I agree with that. I don’t think the rope will be there all the time.I mean, I assume the rope is there primarily to keep people out since they aren't open yet. Will it stay there even after people can rent them?