Bob Iger’s Disney Pay More Than Halved in 2020 Amid ‘Substantial Toll’ of Pandemic

Bob Iger’s Disney Pay More Than Halved in 2020 Amid ‘Substantial Toll’ of Pandemic
Bob Iger’s Disney pay dropped by more than half in 2020, when he and current CEO Bob Chapek both went without bonuses amid the coronavirus pandemic. Iger also forewent his salary for a time, Chapek took a 50% pay reduction.

Don’t feel too badly for Iger — he still made more than $20 million. In 2019, however, Iger hauled in $47.5 million.

Chapek tallied $14.2 million in 2020. We do not have 2019 data for the new head honcho.

According to Disney’s annual shareholder meeting notice and statement filed to the SEC, Iger ended up making just under $1.6 million in salary for fiscal 2020, down from the $3 million earned in 2019. His reported stock awards declined from more than $10 million in 2019 to less than $7 million in 2020. Iger’s options awards figure was fairly flat year to year at approximately $9.6 million.

The huge change came under the heading non-equity incentive plan compensation, which essentially means monetary bonus. In 2019, Iger hauled in $21.75 million dollars there.
See full article at The Wrap »

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