Disney CEO Bob Chapek (left) and former CEO and chairman Bob Iger (proper) bought hefty payouts in 2021.
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Disney’s former and present CEOs — Bob Iger and Bob Chapek, respectively — bought hefty pay days because the leisure large praised their dealing with of the enterprise through the pandemic.
Iger, who stepped down as CEO in 2020 and as government chairman late final 12 months, left the Mouse Home with a complete compensation package deal value $45.9 million, greater than doubling his $21 million take for the prior 12 months.
The exec, who spent 15 years on the helm, earned a $3 million wage and a whopping $22.9 million money bonus in 2021 along with $9.5 million in Disney inventory and $9.3 million in inventory choices.
That doesn't embody inventory Iger was entitled to get when his contract expired on the finish of calendar 2021, value $231 million as of Oct. 1, in accordance with a securities submitting.
Iger, who oversaw Disney’s artistic tasks throughout his final two years on the agency, was praised for his “deft” administration of the enterprise because the pandemic spurred quite a few manufacturing delays.
The longtime exec additionally created a “pipeline” throughout varied Disney departments to assist funnel new reveals to Disney+, the corporate’s all-important streaming service, the submitting stated.
In the meantime, Disney’s present CEO Chapek earned $32.5 million in compensation, greater than double the $14.2 million he took residence a 12 months earlier. For the fiscal 12 months ended Oct. 2, Chapek’s wage was $2.5 million, his inventory awards totaled $10,2 million and his choices amounted to $3.8 million. The CEO additionally reeled in a $14.3 million money bonus.
Disney stated Chapek’s good-looking compensation was linked to his administration through the pandemic, which has squeezed the corporate’s theme park and film enterprise, particularly. Neither exec acquired bonuses in 2020 amid the peak of the pandemic.
“Mr. Chapek, as Chief Government Officer, delivered robust efficiency given the unprecedented challenges ensuing from the COVID-19 pandemic and significant shareholder worth, pushed by distinctive execution of the Firm’s key strategic initiatives,” the Mouse Home stated within the submitting.
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