According to documents filed by The Walt Disney Company, with the Securities and Exchange Commission, Disney CEO Bob Iger took a $1 million pay cut last year. The decrease is being attributed to a decline in company growth.
To be clear, Bob Iger’s base salary of $2.5 million a year remains untouched. However Iger receives this figure as well as stocks and options. It is his bonus that was decreased down to $20 million for the year. Bringing his overall package down to $43.9 million compared to the $44.9 million he made last year.
Disney still praised Iger for showing “the exceptional success of the Company’s relaunch of the Star Wars franchise and the historic and successful opening of Shanghai Disney Resort.” Also noted was the success of movies such as “The Jungle Book”, “Zootopia”, Pixar’s “Finding Dory” and Marvel’s “Captain America Civil War.”
This is the second time Iger has been in the news in as many months. In December, we reported that Iger would be a part of Donald Trumps Advisory Group for economic growth strategies which will meet for the first time in February.
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