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

Mass Hacking

ENTERTAINMENT SHOWCASE

Carcelle No More

Carcelle No More

Louis Vuitton trailblazer Carcelle dies aged 66  Full Article 

Venice Film Fest

Venice Film Fest

Drama of mother starving baby grips Venice fest   Full Article 

McCarthy Marries

McCarthy Marries

Actress Jenny McCarthy marries pop star Donnie Wahlberg  Full Article 

Music Fest Arrests

Music Fest Arrests

Dozens arrested at Made in America music festival in Los Angeles  Full Article 

American Box Office

American Box Office

'Guardians of the Galaxy' wins weekend, tops this year's box office universe  Full Article 

Pacino Speaks

Pacino Speaks

Pacino says crowds charge his batteries at Venice fest  Full Article 

Trip Tips

Trip Tips

Tour the dark side of Copenhagen's fairy tale.  Full Article 

Reuters India Mobile

Reuters India Mobile

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