Disney's Iger gets more than $40 mln pay for 2012

Sat Jan 19, 2013 7:14am IST

Stocks

   

REUTERS - Walt Disney Co (DIS.N) Chief Executive Robert Iger got a 20 percent bump in his 2012 pay, totaling $40.2 million, regulatory filings showed.

Iger's package included $2.5 million in base salary, with an additional $9.5 million in stock awards, according to filings with the U.S. Securities and Exchange Commission. (r.reuters.com/sac45t)

Iger also received a cash-and-stock bonus of about $24.3 million.

92 percent of Iger's total package was based on the company's financial results and stock performance, Disney said.

"In our meetings with shareholders, there was broad agreement that Mr. Iger's performance as chief executive officer has been excellent," the company said.

"During his tenure, the company's financial results have been outstanding."

Iger, who turns 62 in February, succeeded Michael Eisner as CEO in October 2005. His reign has seen acquisitions of filmmaker George Lucas's Lucasfilm Ltd and its "Star Wars" franchise, "Toy Story" creator Pixar, and the comic book powerhouse Marvel. (r.reuters.com/tac45t)

Disney's stock has more than doubled since Iger took over at the helm. It jumped 33 percent in 2012 alone.

The company earned $3.07 per share, excluding items, on revenue of $42.28 billion for its fiscal year ended September 2012.

Iger is scheduled to step down from his role as CEO in March 2015, and chairman in 2016. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Cynthia Osterman)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Fashion

ENTERTAINMENT SHOWCASE

Bynes Arrested

Bynes Arrested

Actress Amanda Bynes back in trouble with drug-driving arrest.  Full Article 

Clooney Weds

Clooney Weds

Clooney and Alamuddin cap weekend nuptials with civil ceremony.  Full Article 

"Crouching Tiger"

"Crouching Tiger"

Netflix co-producing "Crouching Tiger" sequel.  Full Article 

Music Conductor

Music Conductor

Malkki at helm of Finnish orchestra cracks glass ceiling.  Full Article 

Fashion Week

Fashion Week

Stella McCartney goes airy for summer, Lagerfeld Barbie a hit at Paris Fashion Week.  Full Article 

"Wines of California"

"Wines of California"

Authors cruise through California’s wine counties - one vineyard at a time .  Full Article 

Art Market

Art Market

Japan art market boosted by Abenomics after years in the doldrums.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage