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Walt Disney pays Bob Iger about $27 million yearly for returning as chief govt officer below a brand new two-year deal.
Iger will obtain a base wage of $1 million and a bonus equal to that quantity, based on a submitting by the corporate on Monday. As well as, he’ll obtain inventory awards with a goal worth of $25 million every year.
Disney, the world’s largest leisure firm, introduced Sunday that Bob Chapek was stepping down as CEO instantly, to get replaced by Iger, who ran the corporate for 15 years previous to retiring in December 2021.
The quantity, which depends on the efficiency of Disney inventory, is just not as giant as among the firm’s pay packages traditionally. Chapek, who was named CEO in February 2020, obtained $32.5 million in complete compensation in fiscal 2021. Iger, who was govt chairman on the time, obtained $45.9 million.
Disney has sought to rein within the pay of its high govt in recent times after commonly receiving criticism from company governance specialists.
Media executives routinely high the checklist of highest-paid U.S. executives. David Zaslav, CEO of Warner Bros. Discovery Inc., obtained $247 million final yr.
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