Bob Iger, CEO of Disney, has received a significant pay cut in 2019. According to Deadline, Iger received only $47.5 million this past year compared to his compensation of 2018 which was $65.6 million- an almost 28% decrease.
Iger’s compensation consists of $3 million in base salary, almost $30 million in stock, and $21.8 million in non-equity plan compensation. However, he received more in 2018 due to a bonus for staying with the company longer than he intended to (choosing to retire at a later time).
Iger’s salary is very controversial, people arguing that even with the pay cut he is making too much money and that lower level Cast Members barely earn anything.
According to Deadline, Disney has attempted to counter these statements by pointing out the company’s investment towards education for employees. This allows them to be able to climb the ladder at their job and potentially make just as much money.
What do you think about the pay cut and Iger’s current compensation? Let us know in the commnts below.
Watch our latest Youtube Videos here.
- Learn All About American History Through Disney’s Magic Kingdom - March 29, 2020
- Disney Magic at Home: We Recreated Disney’s Jungle Juice - March 28, 2020
- Make Quarantine Sound a Little More Magical with Some of Our Disney Music Favorites - March 25, 2020