Business

Disney’s boomerang CEO Bob Iger to get $27 million yearly

Walt Disney will pay Bob Iger about $27 million yearly for returning as president under a brand-new two-year offer.

Iger will get a base pay of $1 million and a perk equivalent to that quantity, according to a filing by the business on Monday. In addition, he’ll get stock awards with a target worth of $25 million each year.

Disney, the world’s biggest home entertainment business, revealed Sunday that Bob Chapek was stepping down as CEO right away, to be changed by Iger, who ran the business for 15 years prior to retiring in December 2021.

The quantity, which depends on the efficiency of Disney stock, is not as big as a few of the business’s pay plans traditionally. Chapek, who was called CEO in February 2020, got $325 million in overall payment in financial2021 Iger, who was executive chairman at the time, got $459 million.

Disney has actually looked for to control the pay of its magnate in the last few years after frequently getting criticism from business governance professionals.

Media executives regularly top the list of highest-paid U.S. executives. David Zaslav, CEO of Warner Bros. Discovery Inc., got $247 million in 2015.

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Source: Fortune

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