Disney CEO Iger sees 2012 pay rise to $37.1 million
LOS ANGELES (AP) - Disney CEO Bob Iger's pay package got an 18 percent boost last year to $37.1 million as the company posted record revenue, net income and earnings per share.
The Walt Disney Co. also cited Iger's leadership in the $4.06 billion acquisition of "Star Wars" creator Lucasfilm, along with the launch of theme park additions, cruise ships and the expansion of the Disney Channel overseas.
Iger, 61, saw the biggest jump in pay from the value of new stock option awards, which hit $7.8 million in 2012, up from $4.8 million in 2011, according to a regulatory filing Friday. Stock award grants valued at $9.5 million were above the $8.1 million he received a year earlier.
He also received incentive pay of $16.5 million, up from $15.5 million, while his salary rose to $2.5 million from $2 million. Other compensation for security and personal air travel came to $800,700, down from $962,932 a year earlier.
The company as a whole grew revenue 3 percent to $42.3 billion for the fiscal year through September. Net income rose 18 percent to $5.7 billion, while earnings per share grew 24 percent to $3.13.
Among other ways of tracking the company's success, Disney said Iger helped deliver outstanding total shareholder return, which measures both stock-price gains and dividends. On that measure, the company provided a 76 percent gain to shareholders, compared to a 67 percent gain by its media industry peers and a 30 percent return for companies in the S&P 500.
In the fiscal year through Sept. 29, shares of The Walt Disney Co. rose 73 percent.
Iger's contract runs through the end of June 2016, although he'll transition out of the CEO role in March 2015. He also has sat on the board of Apple Inc. since November 2011.
The AP formula considers salary, bonuses, perks, stock and options awarded to the executive during the year, but not changes in the present value of pension benefits.
That makes the AP total slightly different in most cases from the total reported by companies to the Securities and Exchange Commission.
The value that a company assigned to an executive's stock and option awards for 2012 was the present value of what the company expected the awards to be worth to the executive over time. Companies use one of several formulas to calculate that value.
However, the number is just an estimate, and what an executive ultimately receives will depend on the performance of the company's stock in the years after the awards are granted. Most stock compensation programs require an executive to wait a specified amount of time to receive shares or exercise options.
The Walt Disney Co. also cited Iger's leadership in the $4.06 billion acquisition of "Star Wars" creator Lucasfilm, along with the launch of theme park additions, cruise ships and the expansion of the Disney Channel overseas.
Iger, 61, saw the biggest jump in pay from the value of new stock option awards, which hit $7.8 million in 2012, up from $4.8 million in 2011, according to a regulatory filing Friday. Stock award grants valued at $9.5 million were above the $8.1 million he received a year earlier.
He also received incentive pay of $16.5 million, up from $15.5 million, while his salary rose to $2.5 million from $2 million. Other compensation for security and personal air travel came to $800,700, down from $962,932 a year earlier.
The company as a whole grew revenue 3 percent to $42.3 billion for the fiscal year through September. Net income rose 18 percent to $5.7 billion, while earnings per share grew 24 percent to $3.13.
Among other ways of tracking the company's success, Disney said Iger helped deliver outstanding total shareholder return, which measures both stock-price gains and dividends. On that measure, the company provided a 76 percent gain to shareholders, compared to a 67 percent gain by its media industry peers and a 30 percent return for companies in the S&P 500.
In the fiscal year through Sept. 29, shares of The Walt Disney Co. rose 73 percent.
Iger's contract runs through the end of June 2016, although he'll transition out of the CEO role in March 2015. He also has sat on the board of Apple Inc. since November 2011.
The AP formula considers salary, bonuses, perks, stock and options awarded to the executive during the year, but not changes in the present value of pension benefits.
That makes the AP total slightly different in most cases from the total reported by companies to the Securities and Exchange Commission.
The value that a company assigned to an executive's stock and option awards for 2012 was the present value of what the company expected the awards to be worth to the executive over time. Companies use one of several formulas to calculate that value.
However, the number is just an estimate, and what an executive ultimately receives will depend on the performance of the company's stock in the years after the awards are granted. Most stock compensation programs require an executive to wait a specified amount of time to receive shares or exercise options.
careful Iger the under paid and under achieving public want your $_$ ... to work part time at McDonalds
Has anyone given any thought to just where that money comes from??? It comes from the profits BEFORE they are dispersed to the share holders. Wages like that are insane and beyond belief that anyone no matter who they are can justify that amount of money for a years work. This business society has gone out of their minds and you share holders must be crazy to give up so much of a company to pay someone.
 @LongBeachBum Not so fast. If his business decisions helped enrich the shareholders by 73%, I'd say that's a bargain in a company with a market cap of $92.75 Billion.
This is good news, he won't need food stamps, although I'm sure Nancy Pelosi thinks he still should get them.Â
Let's see,, Â now,,, Â that's a little better than 3 MILLION A MONTH!!! What on earth could anyone do to earn that kind of money???
 @Cougartwin You mean being a CEO does not mean you get a big fat paycheck? ... dam!
was surprised to see this overlord of Capitalism is a big contributor to the Blue Team. That's weird, I thought if you were insanely wealthy, that you were Republican. Learn something new everyday.
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http://www.campaignmoney.com/political/contributions/robert-iger.asp?cycle=12
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Of course, if you are a Blue contributor to the Righteous Cause of Progressivism, being the CEO of one of the largest companies in the world in no way compares to Koch Industries valued at a fraction of Disney.
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OK, I'm done now. I will let our Lefty Friends comment on the exploitation of the masses by the Evil Capitalist Running Dog, Robert Iger. After all, I had to cover my ears when they found out that Al Gore became wealthier than Mitt Romney after his con...er... sale of Currently-No-Viewers-TV to MidEast Oil Inc.
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Of course, MOST of that compensation will be taxed at capital gains rates. So he will pay a lower rate than his secretary...right? Riots at noon. Film at 11.
 @Getov Mylon He won't be taxed on the stock options until he chooses to cash them in. Then it will be at the capital gains rate.
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