News Disney CEO Bob Iger Earned $41.1 Million in Fiscal 2024: A Breakdown of Executive Pay

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Disney CEO Bob Iger Earned $41.1 Million in Fiscal 2024: A Breakdown of Executive Pay

Disney CEO Bob Iger Earned $41.1 Million in Fiscal 2024: A Breakdown of Executive Pay

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[monothingie]

Question from the audience:

If you’re doing such a wonderful job and everything is great, why do you need a carefully crafted PR piece to let everyone know how great you are?

Can’t they just look at the stock price?

 

[wannabeBelle]

$112.72 at the moment. Marie

 

[Stripes]

Question from the audience:

If you’re doing such a wonderful job and everything is great, why do you need a carefully crafted PR piece to let everyone know how great you are?

Can’t they just look at the stock price?

View attachment 839564

The company’s financial situation has vastly improved compared to 2021 when the stock was at an all-time high. The stock market is not the best indicator of the financial health of the company.

Free cash flow in 2021 was cut in half and dipped below $2 billion. In 2022, it was cut in half again to about $1 billion. In 2024, Disney reported free cash flow of over $8.5 billion.

 

[John park hopper]

Bob was paid and we all paid Bob

 

[monothingie]

The company’s financial situation has vastly improved compared to 2021 when the stock was at an all-time high. The stock market is not the best indicator of the financial health of the company.

Free cash flow in 2021 was cut in half and dipped below $2 billion. In 2022, it was cut in half again to about $1 billion. In 2024, Disney reported free cash flow of over $8.5 billion.

Disagree, the CEO's job is run the company in a way that benefits the investors. Investors don't put money into stagnate or unhealthy companies. I'm not saying that Disney is failing, but the main thing investors care about is YOY growth. Since Bob's return the results have been mixed on this front, despite them twisting and contorting to make sure the quarterlies are as good as possible.

Disney has consistently underperformed market averages for the past 2 years, their core divisions have underperformed from theme parks to studios to streaming. Domestic Parks growth has reversed and is now basically flat, the PR piece cherry picked two or three production successes but neglected to mention the dozens in comparison that underperformed or flat out bombed, D+ is barely profitable only because they were forced to integrate HULU, which they had to shell out at minimum $8.6B to possible as much or more than $13.6B for.

Probably most damning is that the BOD has excluded Bob from his successor's search, and moved away from any internal candidates that have been part of Bob's C-Suite team.

 

[Glasgow]

I don't fault Iger for taking the money. Most people here would be glad to be paid that highly - you can then do whatever you want with it, regardless of your moral compass. I, however, sold all of my shares in the past year because I don't like how there hasn't been a consistent reinvestment in the parks, which has lead to the current big bang approach - mainly due to the challenge from Universal. In other words, there was 10 years of light reinvestment, hence why there is now such a mismatch between capacity, crowds and vacation inflation, which has necessitated such a massive CAPEX. You took the profits for years and now you're paying for it. I'm sorry - that is not a recipe for long-term shareholder value and satisfaction.

 

[Stripes]

main thing investors care about is YOY growth. Since Bob's return the results have been mixed on this front, despite them twisting and contorting to make sure the quarterlies are as good as possible.

Disney’s performance stands in stark contrast to their competitors such as Warner Bros. Discovery, Paramount, and NBCUniversal, which are continuing to post YoY declines in their financial performance.

Disney, meanwhile, is posting strong positive growth.

Disney has consistently underperformed market averages for the past 2 years

As you ought to be aware, Disney’s industry has been undergoing significant turmoil and challenges. Comparing their stock price performance to their competitors shows just how well the company has managed this disruption. More importantly, the company’s trajectory and financial position is far better than their competitors.

for the past 2 years, their core divisions have underperformed from theme parks to studios to streaming

Disney’s performance has significantly outperformed their competitors.

Domestic Parks growth has reversed and is now basically flat

Universal has been posting significant declines in revenue and income for their theme parks in recent quarters, while Disney has been holding strong. Disney is investing billions in parks and cruise ships around the world with the expectation of significant growth in years to come. Universal has focused on their theme parks at great expense to their entertainment business. With Disney now having strong footing in the entertainment arena, they are now free to invest billions into their Experiences business and take the winds out of Universal’s sails.

the PR piece cherry picked two or three production successes but neglected to mention the dozens in comparison that underperformed or flat out bombed

The studio was the highest grossing studio of 2024 and Disney was the first studio to make over $5 billion at the box office since the pandemic.

All of the tentpole films released by Disney this year were highly successful at the box office including Inside Out 2, Moana 2, Kingdom of the Planet of the Apes, Deadpool and Wolverine, and Mufasa.

D+ is barely profitable only because they were forced to integrate HULU

Integration with Hulu was helpful for reducing churn but had little impact on profitability. The company would be fools not to integrate the services and not doing so would amount to mismanagement of the assets. The company expects Disney+ profitability to soar over the coming years. People need to be reminded that back in 2019 the company was very blunt about the fact that Disney+ was going to lose money hand over fist for 5 years, but they viewed it as a critical investment in the company’s future. Thanks to that investment, Disney is by far the most successful entertainment company in the to pivot to streaming.

 

[monothingie]

Disney’s performance stands in stark contrast to their competitors such as Warner Bros. Discovery, Paramount, and NBCUniversal, which are continuing to post YoY declines in their financial performance.

You didn’t include Netflix in there, why?

Also NBCU has posted YOY gains for 2023/4 due to strong box office, improving streaming losses, and sports spurred by the Olympics.

Disney, meanwhile, is posting strong positive growth.

Umm compared to pre 2020 no. Even post covid while there has been growth, it’s been inconsistent and underwhelming for investors.

As you ought to be aware, Disney’s industry has been undergoing significant turmoil and challenges. Comparing their stock price performance to their competitors shows just how well the company has managed this disruption. More importantly, the company’s trajectory and financial position is far better than their competitors.

Disney’s performance has significantly outperformed their competitors.

If they’ve managed it so well then why is the stock stagnant, why don’t the investors see what a good job Bob has done? Take the Parks and Experiences segment out of the mix and Disney is just as big of a disaster as the companies you mentioned. The problem is Disney wants to be like and beat Netflix. They aren’t even in the same league.

So you have them lean heavily on P&R and you see the results of that. Domestic parks growth, the cash machine of the company is basically gone flat. As my learned friend @Sirwalterraleigh likes to trumpet, Red Alert.

Universal has been posting significant declines in revenue and income for their theme parks in recent quarters, while Disney has been holding strong. Disney is investing billions in parks and cruise ships around the world with the expectation of significant growth in years to come.

$70B worldwide over 10 years is peanuts and much less than historically what was done, adjusting for inflation. How many new parks did Disney build between 1980 and 1999, versus 2000-2025? Domestically you’re getting a handful of rides (most of which replace something else, a blue sky villains land which may never see the light of day, a couple of hotels, and new shopping. (Meh)

Universal has focused on their theme parks at great expense to their entertainment business. With Disney now having strong footing in the entertainment arena, they are now free to invest billions into their Experiences business and take the winds out of Universal’s sails.

The studio was the highest grossing studio of 2024 and Disney was the first studio to make over $5 billion at the box office since the pandemic.

Cumulatively the worldwide box office has never rebounded to pre 2020. Disneys box office is no where near what it was. Factor in inflation and the growth of premium seats and it doesn’t look so good.

None of this also factors in the incredibly high production costs that have kneecapped even the most successful productions.

All of the tentpole films released by Disney this year were highly successful at the box office including Inside Out 2, Moana 2, Kingdom of the Planet of the Apes, Deadpool and Wolverine, and Mufasa.

Apes and Mufasa were money loosing bombs, including in Marvels and Wish for FY2024 and you have a nice collection of terrible large budget bombs.

Integration with Hulu was helpful for reducing churn but had little impact on profitability. The company would be fools not to integrate the services and not doing so would amount to mismanagement of the assets.

Really? The ARPU of Hulu is the only thing that made D+ profitable when it was integrated.

The company expects Disney+ profitability to soar over the coming years.

Quoted for posterity

The same line was probably used to woo Bob in 2016 when they green lit it. Sorry but the streaming bubble burst, along with the visions of a panacea of soaring profits.

People need to be reminded that back in 2019 the company was very blunt about the fact that Disney+ was going to lose money hand over fist for 5 years, but they viewed it as a critical investment in the company’s future. Thanks to that investment, Disney is by far the most successful entertainment company in the to pivot to streaming.

I remember Netflix used to mail out DVDs and then you could return them also in the mail. They now dominate streaming.

For 5 years Disney basically blew up a couple of cruise ships a year on the promise of windfall profits. Their original model for D+ was flawed so they had to go ad based, then subsidize accounts for distribution providers, then buyout the remainder of a better service and integrate it. ESPN+ is still a disaster, but sports betting integration will fix that…

At best they’ll scrape together a hundred million a quarter. If they make the money back they’ve lost on D+ it will be a while.

 

[Sirwalterraleigh]

…I see once again…personal truth/dignity is in short supply

 

[Chi84]

…I see once again…personal truth/dignity is in short supply

I’ve just been seeing some fascinating discussion until now. Why post just to attack someone?

 

[Stripes]

You didn’t include Netflix in there, why?

For obvious reasons.

Also NBCU has posted YOY gains for 2023/4 due to strong box office, improving streaming losses, and sports spurred by the Olympics.

NBCUniversal adjusted EBITDA is down $500 million or 10% in FY2024.

Umm compared to pre 2020 no. Even post covid while there has been growth, it’s been inconsistent and underwhelming for investors.

Inconsistent? There was a remarkable slump in profitability after Covid. Since bottoming out, the company has returned to pre-2020 levels.

If they’ve managed it so well then why is the stock stagnant, why don’t the investors see what a good job Bob has done?

Just give it time. Sometimes the market is slow.

Domestic parks growth, the cash machine of the company is basically gone flat.

Sure, as it has many times over the years. And yet, somehow, it always gets out of these lulls.

$60B worldwide over 10 years is peanuts and much less than historically what was done, adjusting for inflation.

It’s actually a very large figure, even accounting for inflation. Prepare to be surprised by how far it goes…

Apes and Mufasa were money loosing bombs

Apes grossed $400 million and they’re planning a sequel. I think that tells you all you need to know.

Mufasa had a slow start but has climbed to a very respectable $600 million and is one of the top 10 highest grossing films of the year, just behind Wicked.

Really? The ARPU of Hulu is the only thing that made D+ profitable when it was integrated.

Domestic Disney+ subscriptions grew by 10 million in 2024. Disney+ ARPU increased in 2024.

Quoted for posterity

Feel free. I’ll screenshot

I remember Netflix used to mail out DVDs and then you could return them also in the mail. They now dominate streaming.

There’s no doubt Netflix is in a really strong position. However, streaming aside, The Walt Disney Company has the highest viewership of any company in the world according to Nielsen. The viewership is currently split between various distribution channels. However, ultimately content is king and eventually Disney will be much bigger juggernaut in the streaming space than they already are. Unfortunately, I wonder if Netflix will be able to hold onto their position in the long-term. Personally, I just canceled Netflix. Their latest price increase reminded me I haven’t watched anything good on their platform in a while.

At best they’ll scrape together a hundred million a quarter. If they make the money back they’ve lost on D+ it will be a while.

Quoted for posterity.

 

[monothingie]

Apes grossed $400 million and they’re planning a sequel. I think that tells you all you need to know.

Mufasa had a slow start but has climbed to a very respectable $600 million and is one of the top 10 highest grossing films of the year, just behind Wicked.

Box office does not equal profit.

On average the money made by the studio is a little under 50% of the box office (average domestic and internationally)

Mufasa had a production budget of between $200-$250M and a market budget of around $150M. It would need at least $700-$800M just to break even.

Apes cost $150-$200M with a marketing budget of $125-$150M
It would have needed at least $500M-$600M to break even.

 

[Sirwalterraleigh]

I’ve just been seeing some fascinating discussion until now. Why post just to attack someone?

Who did I attack?


…exactly what I thought.
Claiming invisible “wounds” on victims that don’t exist.

 

[John park hopper]

For obvious reasons.

NBCUniversal adjusted EBITDA is down $500 million or 10% in FY2024.

Inconsistent? There was a remarkable slump in profitability after Covid. Since bottoming out, the company has returned to pre-2020 levels.

Just give it time. Sometimes the market is slow.

Sure, as it has many times over the years. And yet, somehow, it always gets out of these lulls.

It’s actually a very large figure, even accounting for inflation. Prepare to be surprised by how far it goes…

Apes grossed $400 million and they’re planning a sequel. I think that tells you all you need to know.

Mufasa had a slow start but has climbed to a very respectable $600 million and is one of the top 10 highest grossing films of the year, just behind Wicked.

Domestic Disney+ subscriptions grew by 10 million in 2024. Disney+ ARPU increased in 2024.

Feel free. I’ll screenshot

There’s no doubt Netflix is in a really strong position. However, streaming aside, The Walt Disney Company has the highest viewership of any company in the world according to Nielsen. The viewership is currently split between various distribution channels. However, ultimately content is king and eventually Disney will be much bigger juggernaut in the streaming space than they already are. Unfortunately, I wonder if Netflix will be able to hold onto their position in the long-term. Personally, I just canceled Netflix. Their latest price increase reminded me I haven’t watched anything good on their platform in a while.

Quoted for posterity.

Seriously considering canceling Netflix as well

 

[Stripes]

Box office does not equal profit.

On average the money made by the studio is a little under 50% of the box office (average domestic and internationally)

Mufasa had a production budget of between $200-$250M and a market budget of around $150M. It would need at least $700-$800M just to break even.

Apes cost $150-$200M with a marketing budget of $125-$150M
It would have needed at least $500M-$600M to break even.

The film industry is a gambling industry. A very large percentage of movies don’t make a profit.

But it sounds like this isn’t news to you.

 

[Vegas Disney Fan]

I’m no longer an Iger fan but I have far less problem with his pay this year than other years, the Disney company is in a much better place at the end of 2024 than it was at the end of 2023. Still down from its glory days but back on pretty stable footing at least.

 

[monothingie]

I’m no longer an Iger fan but I have far less problem with his pay this year than other years, the Disney company is in a much better place at the end of 2024 than it was at the end of 2023. Still down from its glory days but back on pretty stable footing at least.

So good, the BOD has cut him out of one his main tasks when he returned of finding a successor.

 

[Agent H]

Box office does not equal profit.

On average the money made by the studio is a little under 50% of the box office (average domestic and internationally)

Mufasa had a production budget of between $200-$250M and a market budget of around $150M. It would need at least $700-$800M just to break even.

Apes cost $150-$200M with a marketing budget of $125-$150M
It would have needed at least $500M-$600M to break even.

Box Office does not equal profit? As cadence Flynn would say am I living in crazy town?

 

[Sirwalterraleigh]

The film industry is a gambling industry. A very large percentage of movies don’t make a profit.

But it sounds like this isn’t news to you.

Then we shouldn’t throw them on a blind list of “accolades”, huh?

Box Office does not equal profit? As cadence Flynn would say am I living in crazy town?

If “crazy town” is where we understand how movie math works…then yes - that’s where you at.

For instance…Mufasa is looking at something like a $25-50 mil loss right now…unless something screwy happened