Mickey and his wide assortment of Disney friends were once again very generous to their CEO as we have learned via this article on Variety that Bob Iger received over $65 million in compensation from the company for the fiscal year 2018.
On the heels of Disney’s historic deal to buy 21st Century Fox, Disney chairman-CEO Bob Iger saw a big increase in compensation last year thanks to stock awards he received after extending his contract in late 2017.
Iger’s total compensation for Disney’s fiscal 2018, which ended Sept. 30, reached $65.6 million, up from $36.2 million in 2017, according to Disney’s Securities and Exchange Commission proxy filing on Friday. The biggest driver of the increase was $26.3 million in stock awards Iger received in connection with his decision to extend his tenure as CEO through 2021 in order to shepherd Disney’s integration of 21st Century Fox assets.
Iger’s base salary increased slightly in fiscal 2018 to $2.9 million, from $2.5 million in 2017. He received a total of $35.4 million in stock awards and another $18 million in bonuses, per Disney’s proxy filing. Without the stock awards, Iger’s 2018 compensation package would have come in at $39.3 million.
Wonder if he’d be willing to float some of that cheddar my way…