Walt Disney CEO Bob Iger Paid $46.5 Million in 2014

[crazy4wdw]

From The Hollywood Reporter:

Walt Disney CEO Bob Iger Paid $46.5 Million in Fiscal 2014
by Paul Bond 1/16/2015 2:27pm PST

Walt Disney CEO Bob Iger earned $46.5 million in the company's fiscal 2014, up 36 percent from last year, according to a regulatory filing on Friday.

Iger's compensation included his $2.5 million base salary as well as $22.8 million in non-equity incentives, $8.9 million in stock awards, $8.4 million in option awards, $2.8 million in a change to his pension value and $1.1 million in other compensation.

James Rasulo, the CFO, earned $16.2 million, up from $10.7 million and general counsel Alan Braverman made $10.6 million, up from $6.9 million.

Disney shares rose 25 percent in calendar 2014 and 55 percent the year prior.

 

[OKW Lover]

Glad they get rewarded for the great results they accomplished this past years.

 

[rteetz]

Glad they get rewarded for the great results they accomplished this past years.

Now if only those CMs in the parks would get a little bit of a raise.

 

[Bolt4Life17]

I will never be a CEO and make millions of a company. I have no interest of being at the top position of my career because it goes from what I signed up to do, to being political.


However, good for the CEO makings tons of money. He earned his way to the top somehow. It's what most people strive for. Well deserved.

 

[OKW Lover]

Now if only those CMs in the parks would get a little bit of a raise.

They got the raise they negotiated for last year. In addition, they participate in a stock plan.

 

[a742246]

What's wrong for with picture.

President of US paid $400,000 a year.
Disney CM $9.00 a hour
Disney CEO $46.5 million a year.

 

[OKW Lover]

What's wrong for with picture.

President of US paid $400,000 a year.
Disney CM $9.00 a hour
Disney CEO $46.5 million a year.

Nothing that I can see

 

[GOOFY D]

What's wrong for with picture.

President of US paid $400,000 a year.
Disney CM $9.00 a hour
Disney CEO $46.5 million a year.

Not that I am arguing that a CM is underpaid (although I think this is an exaggeration), but you are comparing apples and oranges. Iger's "salary" includes non-cash compensation and future benefits. If you add the non-cash compensation and future benefits of the POTUS, it would be well into the millions as well. Also, compare their financial results .

 

[darkwing818]

Glad they get rewarded for the great results they accomplished this past years.

 

[kastoney]

Did they load his salary on a magic band for spending ; )

 

[Magic Fanatic]

What's wrong for with picture. President of US paid $400,000 a year. Disney CM $9.00 a hour Disney CEO $46.5 million a year.

Hmmm? Our current president is vastly overpaid?

 

[Goofy4WDW1964]

I understand why shareholders don't have an issue with his salary

Since I am a customer and not a shareholder, my viewpoint is going to be from that of a customer. That viewpoint is that my cost of a WDW vacation has increased dramatically yet my enjoyment of my WDW vacations has not, for various reasons. We did not go to WDW last year and we will not go this year either. Since we have made thirteen trips, we often get contacted by Disney. I have informed them that I will not return until I feel it will be the value that it used to be.

I am sure that isn't much of a concern since attendance remains high. That is fine. I have no control over what any else does but me. I am happy to spend my vacation dollars elsewhere.

 

[tachyonbb]

As a customer I still find great value in a Disney vacation. They have always managed to exceed my expectations over the last 10 or so Disney World vacations. They have fun things for my young grandsons, the teenagers in our group and the adults.

As an investor I have nothing but kudos for what the current CEO has done. I bought Disney stock in late 2011 at about $30 a share and today it has tripled in value to $95 per share. Not a bad rate of return.

His compensation is not out of line when compared with other heads of major corporations. While we could discuss general wage equity issues in our country, Disney pays according to market value.

 

[Puffy2]

So Disney's CEO makes (or made) $23,250 PER HOUR . Twenty Three Thousand Two Hundred and Fifty Dollars PER HOUR.

(that is based on $46,500,000 per year, a 50 week work year - two weeks off for vacation. 8 hours per day, 5 days per week. Quibble with the time if you like, it hardly matters).

And the CMs made $9 per hour? (as someone has said).

This is what is wrong with our country. I like Disney's CEO. I like what he has done (mostly) with the company, but our values are misplaced.

 

[techtony]

I do not compare hourly wages for employees to CEOs, but I WILL say that some things in our society are in excess.

46 million - no matter how it is divided up for one person is ridiculous.

With that said, we live in a free market society, so obviously he is worth it, or they would not pay it.

 

[Puffy2]

Personally I don't think any one person is worth that at all.

The problem is that the Board of companies choose and set compensation packages for CEOs. Well, the CEOs sit on the boards of other companies. Walt Disney's CEO was or is a board member for Apple.

What a great deal they all have. Voting themselves in and giving themselves huge packages.

At least Disney's CEO has increased profits for the company. It is really ridiculous when a CEO runs a company nearly into the ground and the board (with their compensation contract) REWARDS them for it with millions to leave the company.

It is completely out of hand but will never change because the foxes are watching the hen house.

just some of disney's board members (all current or former CEOs, COOs, CFOs)
Sheryl Sandberg, COO Facebook, Jack Dorsey Twitter, Susan Arnold The Carlyle Group , Fred Langhammer, Estee Lauder, Aylwin Lewis Potbelly Sandwhich Works (previous Kmart and Sears), Jon Chen CEO Blackberry

 

[OKW Lover]

I don't know if any of the pays mentioned can be deemed "worth it". Yes, that includes the basic CM as well as the CEO. I think "worth it" is in the eyes of the corporation, not the customer.

The corporation will pay people what it must to attract those with the needed skills for a particular job. The corporation must compete for those people/skills in the marketplace with places some typical supply/demand constraints on the decision making process. If there are a lot of people with the necessary skills to smile and say hello at the gates then the corporation can offer a lower wage. If there are few people with the skills to imagine a new ride and bring it to fruition, then the corporation needs to offer higher wages. Similarly, if other companies are also seeking these same skills, its necessary for the Corporation to offer higher wages to get the right employees to work for it rather than go to the competition.

 

[lockedoutlogic]

At least Disney's CEO has increased profits for the company. It is really ridiculous when a CEO runs a company nearly into the ground and the board (with their compensation contract) REWARDS them for it with millions to leave the company.

It is completely out of hand but will never change because the foxes are watching the hen house.

just some of disney's board members (all current or former CEOs, COOs, CFOs)
Sheryl Sandberg, COO Facebook, Jack Dorsey Twitter, Susan Arnold The Carlyle Group , Fred Langhammer, Estee Lauder, Aylwin Lewis Potbelly Sandwhich Works (previous Kmart and Sears), Jon Chen CEO Blackberry

This is an important point...
And if you do a little research - you'll see many of Disney current and former board members fit the bill.
Abject failure in their jobs and golden parachutes.

Take a look at aylwin Lewis - for example...and definitely blackberry is to be respected and should garner cushy board slots for its failed managers :roll:

 

[tachyonbb]

Sheryl Sandberg, COO Facebook, Jack Dorsey Twitter, Susan Arnold The Carlyle Group , Fred Langhammer, Estee Lauder, Aylwin Lewis Potbelly Sandwhich Works (previous Kmart and Sears), Jon Chen CEO Blackberry

LockedOut writes
"This is an important point...
And if you do a little research - you'll see many of Disney current and former board members fit the bill.
Abject failure in their jobs and golden parachutes"

Please document the "abject failures" of the current board at Disney. Jon Chen took over Blackberry in 2013 and the company was on life support. Blackberry shares went up by 60% last year. He is turning the company around. The verdict is still out but that is not "abject failure"

Sheryl Sandberg's career at both Google and Facebook are exceptional. Facebook turned a profit for the first time under her guidance. Please document her "abject failure"

Jack Dorsey cofounded Twitter. Hardly an "abject failure"

Aylwin Lewis led Potbelly through its IPO and is a profitable company in a difficult segment. Not an "abject failure"
I don't know Fred but Estee Lauder is a well respected company

 

[lockedoutlogic]

Jon Chen...I'll give a temporary pass on. He has been at blackberry a year...they have steadily declined in that year...but I won't pin it on him.

Though you have to wonder why a. He would take the job. B. why Disney would appoint the modern equivalent of the "tech burning ship " in the tradition of oracle, excite, and Magellan

Lewis...on the other hand...over saw a stagnation in "yum brands" that results in a period of bad product/operations that they are just coming out of...
And sears/Kmart... Well...that's going well

Now...potbellys is doing alot "better" than I thought. My perception was thrown off by the fact that the "grand openings" and "store closing" signs were in the windows around me in the same 7 day period.

I wasn't referring to "all current board members"... Some are past. Any "financial services sector" members 100% deserve to be o. This list.
The point was that membership had its privileges - once your "in the club"... You get cushy things like this almost irregardless of performance.

And you're also - it seems - more than likely equating stock price with success. You can slash and burn a company and have "monetary success"... But the damage is far reaching and isn't worth a few pennies on NYSE today.