Disney CEO Bob Iger Could Earn Up To $ 423 Million In Compensation, Company Says – Deadline

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UPDATE with additional information, at 9:12 am: Disney CEO Bob Iger should be richly rewarded for his decision to postpone his retirement to 2021, according to a new analysis of his compensation.

ISS Analytics, the data analytics arm of proxy voting consulting firm Institutional Shareholder Services, estimates that Iger could earn up to $ 423 million over the next four years if it meets all of its goals. performance of its compensation program, according to Reuters.

That would rank Iger among the highest paid CEOs of the decade in the United States, Reuters reported.

“Iger’s generous compensation suggests that Disney’s board of directors believes he is uniquely positioned to lead the business over the next several years,” said John Roe, chief analyst at ISS.

In return for extending his contract until 2021, Iger received a four-year, $ 25 million stock award and, more importantly, significant incentives to quickly close the 21st Century Fox deal, after which he will receive an additional $ 16 million per year, ISS told Deadline. . An additional lump sum payment targeted at $ 70 million at the end of 2021 is also in place. If all performance peaks are met, Iger’s total potential payout is over $ 423 million.

A majority of Disney shareholders – 52% – opposed paying Iger and other executives in a non-binding advisory vote. The vote count was reported at Disney’s annual meeting of shareholders on March 8 in Houston.

Disney did not respond to a request for comment.

However, in regulatory documents, Disney’s compensation committee justified the lucrative program, saying it is “essential” to keep Iger at the helm of the company to handle the proposed Disney acquisition for $ 52.4 billion. dollars from 21st Century Fox’s film and television assets.

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