Disney CEO Robert Iger has a Big Leap in Compensation Package
Robert Iger, the CEO and Chairman of Disney had a big jump in his compensation in 201, to a whopping $43.7 million as the company had a smashing hit year.
On Friday, the Burbank, California based enterprise unveiled the compensation package during its annual proxy statement which was filed with the regulators.
The CEO's pay package leaped 27 percent, when compared to the previous year. He received $34.3 million as a total compensation. The modification in the package came with a larger bonus of $22.8 million, which was a 68 percent increase compared to the previous year.
The net earnings of the company grew twenty two percent to $7.5 billion the fiscal year which ended on September 27. It was assisted by the success of the films including Maleficent, Marvel's, Guardians of the Galaxy, Frozen as well as Captain America: The Winter Soldier.
In another instance the contract of Disney CFO Jay Rasulo, expires by the end of this month and still he is delaying to take a decision whether he would like to carry on working with the company or not. However some of the insiders think that in Rasulo's case the delay makes some sense as he may be a candidate for COO along with Thomas Staggs, the chairman of parks and resorts.
New Zealand News
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