https://www.ocregister.com/2019/01/11/disney-ceo-iger-got-an-81-compensation-boost-in-2018/
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2018 was a very good year for Walt Disney Co.’s chief executive.
In a proxy statement posted Friday, Jan. 11, the company disclosed that
Bob Iger’s compensation package last year jumped to $65.65 million vs. $36.3 million in 2017.
According to
a Seeking Alpha report disseminating the proxy statement, Iger saw his stock options rise the most, to a value of $35.35 million from $8.98 million in 2017. His base salary rose to $2.87 million from $2.5 million.
Christine McCarthy, Disney’s chief financial officer, got a 32 percent bump in total compensation, earning $11.84 million.
Seeking Alpha reports Disney’s shares ran mostly flat in 2018, ending the year up at $109.65 after starting the year at an adjusted $110.05.
In December,
Disney’s board firmed up the stock-return goals the company must exceed for Iger to receive a massive block of shares, something that was part of his contract extension in December 2017. But the board also sweetened the deal by increasing the chief executive officer’s potential payout.
Under the new terms, Iger can earn a maximum of 1.17 million shares if Disney’s stock return beats at least 75 percent of the companies in the S&P 500 Index over the four years ended Dec. 31, 2021. As of early December, that potential payout was worth $135.4 million.<<