Advertisement
Business

Disney CEO Bob Iger was paid $48 million in 2019. That’s down 28% from 2018

Bob Iger
Disney Chief Executive Bob Iger. His pay remains among the highest in corporate America.
(Allen J. Schaben / Los Angeles Times)

Walt Disney Co. Chief Executive Officer Bob Iger’s compensation was $48 million last year, down 28% because of a special bonus he got in fiscal 2018 for extending his contract and clinching the agreement to buy 21st Century Fox Inc.

Even without that one-time boost, Iger’s pay remains among the highest in corporate America. It was bolstered by achieving a number of goals, including seeing through the $71-billion Fox transaction to its completion last March. He also launched Disney+, a new streaming service that made its debut with more than 10 million customers in its first day.

Iger’s salary increased 4.3% to $3 million, Burbank-based Disney said in a filing Friday.

Moments after putting the finishing touches on its landmark $71.3-billion takeover of 21st Century Fox entertainment assets, Walt Disney Co. on Wednesday began the arduous process of combining two massive organizations.
Advertisement

The executive, 68, agreed to postpone his retirement until December 2021 so he could oversee the Fox acquisition.

Executive compensation has been a flashpoint across the U.S. but especially at Disney, where Iger has seen his pay adjusted over the last few years because of pushback from investors and shareholder advocates.

Just this week, Abigail Disney, a granddaughter of company co-founder Roy Disney, testified in support of a California bill that would impose additional taxes on companies doing business in the state that have excessive levels of executive pay compared with everyday employees.

On that front, Disney made some headway last year, though the CEO still outearns the median worker by 911 to 1. It had been 1,421 to 1.

Advertisement

The median pay of employees at Disney rose 13% to $52,184 annually, the company said.


Newsletter
Get our weekly Business newsletter

A look back, and ahead, at the latest California business news.

You may occasionally receive promotional content from the Los Angeles Times.
Advertisement