logo
Share SHARE
FONT-SIZE Plus   Neg

Walt Disney CEO Bob Iger Pay Rise To $40.2 Mln For 2012

Diversified media and entertainment conglomerate Walt Disney Co.'s (DIS) chief executive officer Bob Iger received overall compensation valued at $40.2 million for 2012, up from $33.43 million in the prior year.

In a proxy filing, the company said that Iger received 2012 basic salary of $2.5 million, up from $2 million last year. In addition, Iger received stock option awards of $7.8 million, jumped from $4.8 million in 2011. Stock award grants valued at $9.5 million were above the $8.1 million from a year earlier, according to a filing Friday.

He also received incentive pay of $16.5 million, up from $15.5 million, whereas other compensation for security and personal air travel came to $800,700, down from $962,932 a year earlier, according to filing with the Securities and Exchange Commission.

California-based Disney said that its Senior Executive Vice President and Chief Financial Officer James Rasulo got pay package of $12.2 million, up from $11.07 million a year ago. The compensation includes $1.49 million in base salary, stock awards of $3.01 million, option awards of $1.80 million, $4.08 million incentive pay, Change in pension value and non qualified deferred compensation earnings of $1.79 million and all other compensation of $36,548.

For the fourth quarter ended September 29, 2012, the Burbank, California-based company reported net income of $1.24 billion or $0.68 per share, compared to $1.09 billion or $0.58 per share for the year-ago quarter, helped by growths at ESPN and the company's theme parks.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT