Posted on 01/13/2019 4:13:21 PM PST by EdnaMode
Walt Disney Co. Chairman and CEO Bob Iger saw his pay rise to $65.7 million, an 80% increase over a year ago, according to documents filed today with the SEC.
The compensation reflects the generous stock package Iger was awarded as incentive to remain with the company past his planned retirement date, and lead Disney through its acquisition of much of 21st Century Fox’s film and television assets.
Iger earned a salary of nearly $2.9 million, up from $2.5 million a year ago. He collected options worth $8.3 million and non-equity compensation of $18 million.
But the biggest chunk of Iger’s compensation came from the stock award connected to the Fox deal, which was valued at $35.35 million. Disney notes that the stock ultimately could be worth as much as $149.6 million if the acquisition wins regulatory approval and closes, and he achieves the highest level of performance.
In 2017, Iger earned $36.3 million in total compensation.
Today’s filing spelled out compensation for other executives.
General Counsel Alan Braverman earned a total salary of $10.4 million in 2018; CFO Christine McCarthy earned $11.8 million; Chairman of Direct to Consumer, Kevin Mayer, earned $11.6 million; Chief Human Resources Officer Jayne Parker brought in $6.8 million and Chief Communications Officer Zenia Mucha earned $5.1 million.
Okay, but what about Incredibles 2, Black Panther, Infinity War, etc? Those were huge cash cows in 2018. This year, they’ve got Toy Story 4, Captain Marvel, live action Aladdin & Lion King, Frozen 2. Even if the next Star Wars is a miss, it’ll hardly affect the bottom line when they’re churning out so many other franchise flicks that the public seems to want.
And SOLO just showed up on Netflix...
So I finally watched it. It sucked. Majorly.
It was like a remake of 20,000 Leagues under the sea.
Spend lots of time with CPAs...lawyers???
Agreed.
Amazing isn’t it?
I wouldn’t put too much money on Captain Marvel, if I must be honest: From what I heard, Captain Marvel hasn’t had very positive reception based on the trailers, certainly that’s what One Angry Gamer and Four Color Media Monitor seemed to imply. Doesn’t help either that they may make her a lesbian, since that’s what the guys doing the MCU have implied recently. As far as Aladdin and Lion King, eh, still don’t know about that: There are posts on FreeRepublic that imply that they’re not going to turn out all that well, and even some editors on Disney Wiki are growing sick of all the live action remakes. Frozen 2 might be a big money maker as would Toy Story 4, but that’s more of a wait and see approach.
Either way, ESPN suffering and ABC suffering definitely points to Disney not doing very well even WITH the films. And quite frankly, had I been a shareholder and saw what happened with ABC, ESPN, and all of those things, I’d immediately fire Iger on the spot, like they did with Eisner.
ADDENDUM: Heck, if anything, Star Wars products sales were DOWN during the 2018 and 2017 fiscal years, meaning it HASN’T been doing well under Disney, and even mainstay Disney film products such as Frozen, Cars, and Moana are sinking like rocks based on this: https://www.oneangrygamer.net/2019/01/star-wars-revenue-takes-hit-across-video-games-merchandise-comic-books/75132/
That if anything seems to reinforce that Disney’s NOT doing well.
At some point, Disney attractions will meet up with a wall, the same kind that Apple met last year where people are balking at paying $1,000 or more for iPhones. Disney parks have had prices increases that are unending, and now, their prices are prohibitive. Took my kids, when they were young, virtually every year to Disney World. Now, my 7 year old granddaughters may go, but perhaps just one in their growing up years. Not that we couldn’t afford to bring them a few more times, but, the park prices are now in the obscenely high level.
Fast forward to my wife and I retiring to Florida in 2012 and taking our two grandkids to DisneyWorld when they came to visit us on our farm from Arizona. We about choked when we got there and found out how much it cost just to get in. At some rides, the lines were over an hour's wait in the insufferably humid Florida sun. Between the entry tickets, lunch, some souvenirs for the grandkids and parking, we almost had to take out a mortgage on our home to cover the costs.
We've never been back. Grandkids never complained about not going back because of how long they had to stand in line in the sun. Too hot and not that much fun, they said. Now we just take them to the beach which costs little to nothing. And the kids have more fun.
I think Disney has lost focus on what Uncle Walt originally had in mind for his parks. Fun for the whole family, not to provide the CEO an 80% annual raise to a $65+ million salary.
Disney used to be for America and children. Now it’s to enrich its liberal elite and to hell with America and its children.
Walt is not only spinning in his grave but spitting on his successors and their greed.
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