When Bob Iger returned as the CEO of Disney, it sent shockwaves through the media world. After all, Iger is one of the highest-paid executives in Hollywood. According to a filing with the Securities and Exchange Commission, Iger will be earning a base salary of one million dollars. But what exactly does the CEO of Disney get paid? In this article, we’ll take a closer look at Bob Iger’s pay structure and analyze what is Disney CEO salary.
Bob Iger Returns as Disney CEO
Bob Iger stepped down as Disney’s CEO in February 2020 after a successful 15-year stint at the helm of the entertainment giant. However, on November 22, 2020, it was announced that Iger would be returning as CEO of Disney. This news sent shockwaves through the media world and resulted in a surge in the stock price of Disney.
Iger’s return to the top job at Disney is an interesting move. After all, Iger had previously stated that he would not be returning to the company. But the move also makes sense. Under Iger’s leadership, Disney has seen tremendous growth and success. During his tenure, Disney acquired Pixar, Marvel, and Lucasfilm, resulting in a massive increase in Disney’s market value. With Iger back at the helm, Disney can continue to capitalize on the success and growth of these acquisitions.
Bob Iger’s Salary Details
When Iger returned to Disney, it was announced that he would be earning a base salary of one million dollars. This is a significant raise from his previous base salary of $2.5 million. In addition to his base salary, Iger will also be eligible for a bonus of up to $7.5 million. This bonus is based on the performance of Disney’s stock price during Iger’s tenure as CEO.
In addition to his base salary and bonus, Iger will also receive a number of other perks and benefits. These include a company car, a housing allowance, and a generous stock option package. Iger’s contract also includes a provision that allows him to receive a retirement benefit of up to $10 million if he leaves the company before his contract expires.
What Does the CEO of Disney Get Paid?
While the exact details of Iger’s pay package are not available, it is clear that he is one of the highest-paid executives in Hollywood. According to a recent report from Bloomberg, Iger is the second highest-paid CEO in the entertainment industry, behind only Netflix’s Reed Hastings. Iger’s pay package is also significantly higher than the average pay package for a CEO in the S&P 500.
It is clear that Iger is well-compensated for his role as CEO of Disney. However, it is important to note that Iger’s pay is largely based on the performance of Disney’s stock price. If Disney’s stock price performs well during Iger’s tenure, he will be eligible for a much larger bonus. On the other hand, if Disney’s stock price declines, Iger’s bonus will be significantly lower.
Conclusion
In conclusion, Bob Iger’s return as CEO of Disney was a major shock to the media world. Iger will be earning a base salary of $1 million, as well as a bonus of up to $7.5 million. Iger’s pay package is one of the highest in the entertainment industry and is significantly higher than the average pay package for a CEO in the S&P 500. It is clear that Iger is well-compensated for his role as CEO of Disney. However, his bonus is largely based on the performance of Disney’s stock price.
