Chairman and CEO of the Walt Disney Company, Bob Iger, saw a 17% drop in his compensation during the fiscal year that ended September 2017 compared to the previous year. That 17% left him with a $36.3 million salary for the year.
While Iger’s base salary and stock awards remained flat at $2.5 million and about $9 million respectively, non-equity incentive compensation fell to $15.2 million from $20 million.
Iger was not the only employees to see a decrease in pay. Chief Financial Officer, Christine McCarthy, saw her compensation fall to $8.95 million from $10.2 million. Chief Strategy Officer Kevin Mayer’s yearly overall pay went to $8.4 million from $10.1 million the previous year. General Counsel Alan Braverman’s total earnings dropped to $8.45 million from $11.12 million and M. Jayne Parker, Chief Human Resources Officer experienced a pay decrease to $5.09 million from $5.6 million.
All of this information was disclosed as part of the company’s proxy statement filing Friday.
Iger is expected to receive more compensation this year than he did last year as part of a $52.4 billion stock deal, announced in December, to buy the entertainment assets of 21st Century Fox. Iger extended his contract an additional two years to manage the biggest acquisition in Disney’s nearly 100-year history. His new contract will raise his salary and give him an additional $100 million in stock awards.
The proxy statement also officially notified Disney shareholders of the annual meeting, set for March 8 in Houston.
For more Disney News follow us on Instagram @chipandco on Twitter @chipandcompany and on Facebook or Watch our latest Youtube Videos here.