Bob Iger earned $31.6 million as Disney CEO last year

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Disney CEO Bob Iger received $31.6 million in compensation last year, a multi-million dollar increase from his income the previous year.

Iger’s 2023 salary package included a base salary of $865,385, stock awards totaling $16.1 million, $10 million in stock option awards, $2.1 million in performance-based compensation, and $2.48 million in other compensation. According to the Walt Disney Company’s annual proxy statement, which was filed Tuesday.

Iger will receive a significant pay raise in 2023, his first full year at the helm of Disney after coming out of retirement. In 2022, Iger received total compensation of $15 million, according to the filing.

Iger served as Disney’s CEO from 2005 to 2020, but came out of retirement in November 2022 to replace his hand-picked successor, Bob Chapek, less than three years after Chapek became Disney’s CEO.

Although Chapek left the entertainment company in 2022, he still received $9.9 million in gross pay from Disney last year, according to the filing.

Despite Iger’s multi-million dollar salary, she faced Disney Increasing challenges last year, including a string of box office flops, declining linear TV viewership, and an uneven transition to a streaming future.

In November, Disney said it would do so Reduce its expenses Another $2 billion, on top of the $5.5 billion reduction it previously announced, as it looks to rebuild its business in a rapidly changing media environment.

At the company’s fourth-quarter earnings conference call in November, Iger praised the “progress” Disney has made to improve its business, but said there was still a lot of work to do.

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