Bob Iger compensation for 2013

[draybook]

I didn't see this so I'll post it. Pardon me if there's already a discussion going on. I wish I could get by on these paltry funds.....

http://variety.com/2013/biz/news/disney-chief-bob-iger-earns-34-3-million-in-fiscal-2013-1200991305/

 

[Tom]

Poor guy. I feel bad for him, what with the 15% pay cut. Times are tough.

 

[TubaGeek]

From a business standpoint he deserved every penny of that, what with the record year they've had.
There, I've said it so no one else has to.

 

[bethymouse]

No one deserves to be that rich!

 

[danlb_2000]

Poor guy. I feel bad for him, what with the 15% pay cut. Times are tough.

Soon he won't even be able to afford to go to Disney on vacation.

 

[unkadug]

Poor guy.

 

[spacemt354]

Not too bad. He made 30+ million in 2013 for bringing benches and bathrooms to WDW.

I'm in the wrong profession!

 

[PirateFrank]

From a business standpoint he deserved every penny of that, what with the record year they've had.
There, I've said it so no one else has to.
Skeezebag...

So glad you took one for the team.

But, dare I say, Tuba is right.

Exactly a year ago, Disney's stock stood at $38.30/share. Today, it closed at $76.40/share. That's literally a 100% increase in share price. While I don't know how that compares, historically, to other calendar years (and lets also keep in mind, Disney's fiscal year is not the calendar year)...but all being said a 100% increase to the stock price should be the goal of every CEO.

Bob Iger has effectively turned Disney into a growth stock again. For a good 10 years prior to his tenure (and a few years after he started), Disney's stock was stuck in this nebulous region between $20-$40/share....however, following the low point in 2009, he has overseen the sharpest increase in stock price most of us have ever seen.

While a CEO has many jobs, raising the price of the company stock sits pretty high on the list. I know most of us, myself included, are very unhappy with Iger's direction, as it relates to P&R....but the numbers don't lie.

And if the Board sees fit to reimbursed Iger for his troubles to the tune of $30 million, then so be it. I suspect the Board feels quite satisfied that he's earned it.

 

[WDWoptmist]

That is a disgusting amount of money...

 

[Tom]

That is a disgusting amount of money...

Very.....and I'd take every penny of it.

 

[Polydweller]

That is a disgusting amount of money...

Maybe, but then one would have to say the same thing of almost all company's' CEO. CEOs make millions it's just how it works and if your company wants a competent one then you pay the going rate.

Very.....and I'd take every penny of it.

Me too!!

 

[Tom]

No one deserves to be that rich!

The Board of Directors and Shareholders disagree with you.

 

[Voxel]

The Board of Directors and Shareholders disagree with you.

Capitalism at its finest. There will always be someone richer then everyone else, if history teaches us anything.

 

[englanddg]

It's not a matter of capitalism, per se...it's a matter of contract law. CEOs sign compensation contracts.

A solid CEO can turn a company around. Does that mean that every CEO is great? No. But, love or hate the man with respect to the parks, Iger has easily met financial goals for the company.

This is why blaming Meg makes much more sense.

 

[Voxel]

It's not a matter of capitalism, per se...it's a matter of contract law. CEOs sign compensation contracts.

A solid CEO can turn a company around. Does that mean that every CEO is great? No. But, love or hate the man with respect to the parks, Iger has easily met financial goals for the company.

This is why blaming Meg makes much more sense.

My comment was not to be a negative or positive. Heck my opinion if someone is willing to pay you that much for you work then go for it. It gives me something to aspire for.

 

[Csmith041177]

Worth every penny!!

 

[Disneyhead'71]

It's not a matter of capitalism, per se...it's a matter of contract law. CEOs sign compensation contracts.

A solid CEO can turn a company around. Does that mean that every CEO is great? No. But, love or hate the man with respect to the parks, Iger has easily met financial goals for the company.

This is why blaming Meg makes much more sense.

Iger is a master at short term gains. Wall Street loves the make a buck and sell mentality. Wall Street couldn't give a flying flip about long term sustainability.
We on the other hand care what happens to the WDC post 2016.

 

[WED99]

Good for him!

Sure, I wish Disney executives would invest more in new attractions, but I think anyone who can make that much money in a year (legally) deserves to be congratulated.

 

[Disneyhead'71]

Good for him!

Sure, I wish Disney executives would invest more in new attractions, but I think anyone who can make that much money in a year (legally) deserves to be congratulated.

Even if in the long term it kills an American icon such as The Walt Disney Company?

 

[WED99]

Even if in the long term it kills an American icon such as The Walt Disney Company?

I never said it was good for the company.

Even if his salary does lead to the end of TWDC (which I highly doubt it will) he still comes out a winner, so congratulations to him. But for us and all the employees sake, lets hope that never happens.