DISNEY SHAREHOLDERS MAKE BOB IGER'S MASSIVE PAY PACKAGE CONDITIONAL TO PERFORMANCE
News by Editorial Team 05 Dec 2018
One of corporate America’s most admired leaders, Robert Iger, the CEO of Disney is set to face a performance test even 13 years after he stepped into the CEO’s role at the media giant. While the stock hasn’t exactly been soaring lately, Iger’s proposed pay package, described as “exorbitant” by some media houses, was opposed by shareholders. Consequently, Disney moved to stipulate his compensation being tied to several performance metrics. Iger will now be eligible for upto 1.17 million Disney shares, currently valued at $135 million, if Disney beats 75% of the S&P 500 index from the present through 2021. He currently earns $3.5 million salary, bonus and other equity awards.