Disney CEO Bob Iger saw his compensation hit $31.6 million in 2023 — down from $45.9 million in 2021, his last prior full year of employment at the company.
Iger’s 2023 pay package included $865,385 in base salary, plus 16.1 million in stock awards, $10 million in stock-option awards, $2.14 million cash bonus and $2.48 million in other compensation, according to the company’s proxy statement filed Tuesday with the SEC. His contract with Disney runs through the end of 2026.
Iger was Disney CEO from 2005-20 and served as executive chairman of the company through the end 2021. He returned as interim CEO after the ouster of Bob Chapek — who had been Iger’s hand-picked successor — in November 2022. For 2023, Chapek received total compensation from Disney of $9.94 million.
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Also Tuesday, Disney’s board of directors disclosed its recommended slate of 12 nominees for election at the 2024 annual meeting of shareholders (with the date TBA) in the preliminary proxy materials. The board officially rejected the two candidates nominated by activist investor Nelson Peltz’s Trian Fund Management (Peltz and former Disney CFO James Rasulo). In addition the board recommended that shareholders not vote for three candidates (Craig Hatkoff, Jessica Schell and Leah Solivan) floated by Blackwells Capital.
Iger, after stepping back in as CEO, implemented mass layoffs as Disney ultimately affecting more than 8,000 workers, among other cost-cutting and strategic moves. At the New York Times’ DealBook conference last November, Iger said he’s been “fixing a lot of problems that the company has had and dealing with a lot of challenges,” some of which he blamed on“decisions that were made by my predecessor,” referring to Chapek.
Among Iger’s bigger challenges is getting Disney’s streaming business in the black and determining the strategic path forward for ESPN — which may include selling a stake in the sports giant to the NFL.
The director candidates Disney’s board recommended that investors vote for include: Iger; Mark Parker, who serves as chairman of the Disney board and is executive chairman of Nike; Mary Barra, chair and CEO of GM; Oracle CEO Safra Catz; Amy Chang, a former senior executive at Cisco Systems and Google and a current director of Procter & Gamble; Carolyn Everson, former senior executive at Instacart, Meta Platforms and Microsoft and a current director of the Coca-Cola Co. and Under Armour; Michael B.G. Froman, president of the Council on Foreign Relations and former vice chairman and president, strategic growth at Mastercard; Maria Elena Lagomasino, CEO and managing partner of WE Family Offices and a former senior executive at JP Morgan Private Bank and Chase Manhattan Bank and a current director of the Coca-Cola Co.; Calvin McDonald, CEO of Lululemon Athletica; and Derica Rice, a former senior executive at CVS Health and Eli Lilly & Co. and a current director of the Carlyle Group, Bristol-Myers Squibb Co., and Target Corp.
The Disneyboard’s most recent additions are Morgan Stanley CEO James Gorman and former Sky chief Jeremy Darroch, who also will be standing for election at the annual meeting.
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Forbes reported in 2019 that Iger had a net worth of $690 million, which is thought to be higher than that of Disney heiress Abigail Disney, who said that year that she's worth about $120 million. Iger, meanwhile, received $31.6 million in total compensation in 2023, or 595 times what the median Disney employee makes.
Who is the actual owner of Disney? ›
What did Bob Iger do for Disney? ›
As CEO, Iger led a series of massive acquisitions
Iger became Disney's chief executive in September of 2005, launching the company into a new golden era with the massive acquisitions of Pixar for $7.4 billion in January 2006, Marvel for $4 billion in August 2009, and Lucasfilm for $4 billion in October 2012.
Who is the CEO of Disney in 2024? ›
Iger previously held the top position at Disney from 2005 to 2020. He retired in 2021, leaving Bob Chapek as his successor, but once Chapek was fired in 2022, Iger returned as CEO. Iger is slated to keep the top position until the end of 2026.
What ethnicity is Bob Iger? ›
Robert Alan Iger was born to a Jewish family in New York City. He is the oldest son of Miriam "Mimi" (née Tunick) (1927–2013) and Arthur L. Iger (1926–2010).
Who owns most stock in Disney? ›
Vanguard owns the most shares of Walt Disney (DIS).
How much of Disney is owned by China? ›
The Walt Disney Company owns 43 percent of the resort; the majority 57 percent is held by Shanghai Shendi Group, a joint venture of three companies owned by the Shanghai government.
Who owns Disney in 2024? ›
Walt Disney offers and operates numerous entertainment-related companies around the world. The Vanguard Group holds more than 146 million shares of Disney and is the company's top shareholder as of 2024. Christine McCarthy is Disney's top individual insider shareholder with almost 208,000 shares.
Does Bob Iger own a yacht? ›
After sailing through Fiji on his yacht Aquarius, briefly retired Disney CEO Bob Iger tells friends he misses his wife and is bored with life.
How much of Disney does Bob Iger own? ›
Bob Iger, its CEO, currently holds 205,036 shares of Disney stock worth around $20 million.
Does the Disney family still own Disney? No one person or family own The Walt Disney Company any more.
How much did Disney pay Bob Iger to come back? ›
Disney paid Iger, who returned as Disney CEO in late 2022, just under $31.6 million last year. The majority of Iger's compensation came from stock and option awards — $16.1 million — while his salary landed at $865,385.
What happens to Disney in 2024? ›
And starting January 9, 2024, guests will see even more changes: All-day Park Hopper access during park hours. No theme park reservations required for date-based tickets. Return of Disney dining plans for Disney Resort hotel guests as part of a package.
Who owns Disneyland now? ›
Does ABC own Disney? ›
Disney General Entertainment Content (DGEC), formerly Capital Cities/ABC, ABC Group, Disney–ABC Television Group and the second incarnation of Walt Disney Television, is part of Disney Entertainment, a division of The Walt Disney Company that oversees its owned-and-operated television content, assets and sub-divisions.
What is the highest paying job at Disney? ›
Highest paying jobs at The Walt Disney Company
| Rank | Job Title | Average The Walt Disney Company Salary |
|---|
| 1 | Senior Software Engineer | $167,171 |
| 2 | Consultant | $105,977 |
| 3 | Business Analyst | $103,401 |
| 4 | Finance Analyst | $99,222 |
16 more rowsRoy O.'s grandson, Roy P., said at one point that the family owns less than 3% of the company. Even so, that would put their fortune around $3.9 billion (not counting any investments in addition to Disney holdings).
What are some interesting facts about Bob Iger? ›
Iger has been named TIME's Businessperson of the Year (2019); one of the “World's Most Powerful People” by Forbes magazine (2018); one of the “Top Gun CEOs” by Forbes magazine (2009); one of Fortune magazine's “25 Most Powerful People in Business” (2006, 2007); one of the “Best CEOs” by Institutional Investor magazine ...
