Walt Disney CEO Bob Iger Paid $46.5 Million in 2014

[OKW Lover]

What? You're saying that people should read the explanation for the payment before jumping to conclusions?

Shocking concept!!!

 

[Dcheftimmins]

Just wow

 

[carmelhp]

I was wondering why I hadn't seen the proxy information that was posted earlier. Happily, I received my proxy notice in the mail today. As a shareholder, I am not happy with a CEO who hollows out the company and alienates customers in order to maximize short-term stock price and his own executive compensation. It will eventually bring the company to rack and ruin. I see the cronyist CEO not as noble capitalists, they didn't provide the capital, they're mercenaries appointed by cronies and supported by other cronies whom they appoint to boards or fund manager cronies who rub elbows at the same cocktail parties. Building value is much different than eating the company's seed corn and knowing the right people. They're stealing the company out from under the shareholders. As a disgruntled shareholder, I think I'll vote my few measly exactly opposite of the board recommendations.

 

[OKW Lover]

Did you read the proxy? The board clearly said that his compensation was based on long term goals.

 

[carmelhp]

Did you read the proxy? The board clearly said that his compensation was based on long term goals.

Did you read the proxy? The board clearly said that his compensation was based on long term goals.

So, they can make the fluff say whatever they want, he's slated to be CEO for what, 2 more years? Not exactly my idea of long-term. In corporate-speak, "long-term" is more than 1 reporting cycle.

 

[OKW Lover]

Actually, they can't make the "fluff say whatever they want". There are serious laws about what can and can't be said in the proxy and 10K's. Corporations are very careful about what they say in these official reports.

As far as his tenure being 2 years goes, the fact is that much of his compensation is in stock units who's value depends on the future performance of the Disney stock. Future as in longer than 2 years.

 

[carmelhp]

Actually, they can't make the "fluff say whatever they want". There are serious laws about what can and can't be said in the proxy and 10K's. Corporations are very careful about what they say in these official reports.

As far as his tenure being 2 years goes, the fact is that much of his compensation is in stock units who's value depends on the future performance of the Disney stock. Future as in longer than 2 years.

Well, actually, anything outside of the certified financial statements can be puffed up to a very great degree. Weasel words and undefined phrases like what they mean by "long-term" are so open to interpretation as to be meaningless. To what exact standard can such a statement be held? Corporations certainly are careful about what they say, they're careful not to let any statement reflect too negatively on management. The CPA firms need the multi-billion dollar corporations much more than they need any particular CPA firm and the auditors won't challenge statements that are in the realm of plausibility. Don't be too gullible. I think it's ridiculous to argue that you just can't get good help at the CEO level without paying tens of millions of dollars, and tens of millions in stock (the supposed "long-term" incentive), but you can pay rock-bottom whatever the market will bear wages for the people who greet your customers, and are responsible for their safety, comfort, and satisfaction. The disconnect in these two positions is glaring. This is about maintaining standards and the long-term viability of the brand. I think that brand's reputation 20 year hence is important, I don't think it matters a fig to Bob Iger.

 

[mello]

I suppose that's true...

However there had never been any speculation/books/articles written in the 1970s context about the other 2 you mentioned...
But there have been about the subject matter.

It's what has been done with it...masking alot of bad ideas and claiming theory...that is probably the problem...

Which happens with many people...not just her.

True... Machiavelli is another. Characterized almost exactly opposite of what he really espoused, because nobody actually reads, but just takes things out of context.

 

[GAN]

Well, actually, anything outside of the certified financial statements can be puffed up to a very great degree. Weasel words and undefined phrases like what they mean by "long-term" are so open to interpretation as to be meaningless. To what exact standard can such a statement be held? Corporations certainly are careful about what they say, they're careful not to let any statement reflect too negatively on management. The CPA firms need the multi-billion dollar corporations much more than they need any particular CPA firm and the auditors won't challenge statements that are in the realm of plausibility. Don't be too gullible. I think it's ridiculous to argue that you just can't get good held at the CEO level without paying tens of millions of dollars, and tens of millions in stock (the supposed "long-term" incentive), but you can pay rock-bottom whatever the market will bear wages for the people who greet your customers, and are responsible for their safety, comfort, and satisfaction. The disconnect in these two positions is glaring. This is about maintaining standards and the long-term viability of the brand. I think that brand's reputation 20 year hence is important, I don't think it matters a fig to Bob Iger.

I largely believe the same way you do. But Iger is the CEO of a huge entity, what members of this DISboard see and care about(Parks, Movies) is a small part of what he oversees ...so the brand is so broad it's hard to say that anything regarding parks would have much of an impact. Annual reports are ALL mumbo jumbo, the only thing that are suppose to be accurate are the financials and most people either can't or don't read those. It's unfortunate the "system" exists as it does, but it's the field he's playing on and he plays it well. Overall, I think he does a great job -the terms of his compensation, structured by "his" board may exceed his best interests and fail others within the Company.

 

[carmelhp]

I largely believe the same way you do. But Iger is the CEO of a huge entity, what members of this DISboard see and care about(Parks, Movies) is a small part of what he oversees ...so the brand is so broad it's hard to say that anything regarding parks would have much of an impact. Annual reports are ALL mumbo jumbo, the only thing that are suppose to be accurate are the financials and most people either can't or don't read those. It's unfortunate the "system" exists as it does, but it's the field he's playing on and he plays it well. Overall, I think he does a great job -the terms of his compensation, structured by "his" board may exceed his best interests and fail others within the Company.

I see what you're saying, but the Parks and Resorts operating segment is about a third of overall corporate revenue in 2014 and the only segment driving earnings growth. It really is the goose that is currently laying the golden egg. That will only be so as long as the consumer believes that value is being given for their patronage. The Parks and Resorts segment is also heavily dependent upon repeat business. If the glow and magic are snuffed out of the resort experience, the earnings picture will go southward. It may be a long decline, but you can't screw your customers forever without them eventually rebelling.

 

[GAN]

Regarding Iger's salary, I see it more of a problem to employees moreso than customers. Heck, they can keep raising prices and lowering services as long as the market will bear ...that doesn't really bother me. I'm more at issue that the massive profits aren't being guided towards lower level employees who could be driving some of that money back into the economy(this isn't just a Disney issue, but they're a great example). The following article is a good example of what a true "business leader" might consider. I'm proud to say I also own shares in this Company as well:

http://finance.yahoo.com/news/blodg...ages-is-a-choice-191025383.html?.tsrc=applewf