Eisner Highest Paid Disney Employee in '05

Woody13

New Member
Original Poster
By Associated Press

2:19 PM PST, January 11, 2006

LOS ANGELES — Michael Eisner, former chief executive of The Walt Disney Co., received $10.1 million in compensation last year, including a $9.1 million cash bonus, according to the company's annual proxy statement filed Wednesday.

Eisner left the company on Oct. 1 after serving as CEO for 21 years. He was succeeded by Robert Iger, who serves as president and CEO.

Iger received total compensation of $9.7 million in 2005, including a cash bonus of $7.7 million.

Eisner was also paid an additional $1 million salary, the salary he would have received if had served through the end of his contract, which would have expired this October. He will also continue to receive an annual bonus of $7.5 million through 2008, in accordance with the terms of his employment agreement, the filing said.

The bonus, payable for 24 months after his contract would have ended, will only be paid for 12 months if Eisner takes a job "with another major entertainment company other than as an independent producer within twelve months after the conclusion of his employment."

Eisner recently was hired to host a talk show on the cable channel CNBC.

Eisner also began drawing an annual pension of $297,779 from Disney, plus an additional pension of $579 per year from his 10 years working for ABC.
 
MontyMon said:
Man, I gotta get me a job that pays like THAT!

No kidding! $7.4 million bonus for the next three years, plus almost $300,000 pension... I understand that as CEO he definitely deserves a high salary for all the responsibility he had, but that borders on ridiculous!
 

Tim G

Well-Known Member
Woody13 said:
By Associated Press

2:19 PM PST, January 11, 2006

LOS ANGELES — Michael Eisner, former chief executive of The Walt Disney Co., received $10.1 million in compensation last year, including a $9.1 million cash bonus, according to the company's annual proxy statement filed Wednesday.

Eisner left the company on Oct. 1 after serving as CEO for 21 years. He was succeeded by Robert Iger, who serves as president and CEO.

Iger received total compensation of $9.7 million in 2005, including a cash bonus of $7.7 million.

Eisner was also paid an additional $1 million salary, the salary he would have received if had served through the end of his contract, which would have expired this October. He will also continue to receive an annual bonus of $7.5 million through 2008, in accordance with the terms of his employment agreement, the filing said.

The bonus, payable for 24 months after his contract would have ended, will only be paid for 12 months if Eisner takes a job "with another major entertainment company other than as an independent producer within twelve months after the conclusion of his employment."

Eisner recently was hired to host a talk show on the cable channel CNBC.

Eisner also began drawing an annual pension of $297,779 from Disney, plus an additional pension of $579 per year from his 10 years working for ABC.
Things happen, he was simply paid as the contract said... :D
 

Tim G

Well-Known Member
Woody13 said:
What did your contract spell out for a pension amount? Or, is that question off limits? :wave:
Errr... not as big as Michael's... I held them to the contract we once, all agreed to... Including my annual bonusses... :D :D :D

And Michael... he got what he deserved... :)
Like me, it was all in a contract... salary, bonusses, the works...
 

Woody13

New Member
Original Poster
Corrus said:
Errr... not as big as Michael's... I held them to the contract we once, all agreed to... Including my annual bonusses... :D :D :D

And Michael... he got what he deserved... :)
Like me, it was all in a contract... salary, bonusses, the works...
Good for you! Fair is fair and as long as you held up your end of the contract, the company should do the same. After all, noodle designing is hard work! :wave:
 

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