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Disney CEO Iger's pay up 12 pct to $31.4M in 2011
LOS ANGELES (AP) - Walt Disney Co. (DIS) gave a 2011 pay package valued at about $31.4 million to CEO Bob Iger, up 12 percent from a year earlier, according to an Associated Press analysis of data disclosed in a regulatory filing on Friday.
The company said Iger merited the raise, citing Disney's growth in the face of a challenging economic environment. Burbank-based Disney generated record-breaking profit and revenue for fiscal 2011.
The boost in Iger's compensation came after Disney's share price slid 12.5 percent to $29 during the company's fiscal year, which ended Oct. 3. That was also the same day the stock market reached its low for 2011 after a turbulent summer and early fall that drove the stocks of many companies sharply lower. Disney shares have since recovered and closed Friday at $39.31.
Iger, 60, received a base salary of $2 million, unchanged from the previous fiscal year, according to documents filed with the Securities and Exchange Commission.
He also received stock awards valued at $8.1 million at the time they were granted, an increase of 10 percent from a year earlier, and option awards valued at about $4.8 million on the day they were granted, up 9 percent from the year before.
Iger's performance-based cash bonus grew 15 percent from the prior year to about $15.5 million.
His other compensation jumped 21 percent to $962,932, including $371,439 for personal use of company aircraft and $561,303 for security costs.
Iger's total compensation in fiscal 2010 was $28 million.
Disney's net income for fiscal 2011 grew 21 percent to a record $4.8 billion, or $2.52 per share, aided by the success of films such as "The Lion King" in 3-D, and improved revenue from its consumer products, TV and theme park businesses.
Revenue rose 7 percent to a record $40.9 billion.
http://apnews.myway.com/article/20120121/D9SD3EOG2.html
LOS ANGELES (AP) - Walt Disney Co. (DIS) gave a 2011 pay package valued at about $31.4 million to CEO Bob Iger, up 12 percent from a year earlier, according to an Associated Press analysis of data disclosed in a regulatory filing on Friday.
The company said Iger merited the raise, citing Disney's growth in the face of a challenging economic environment. Burbank-based Disney generated record-breaking profit and revenue for fiscal 2011.
The boost in Iger's compensation came after Disney's share price slid 12.5 percent to $29 during the company's fiscal year, which ended Oct. 3. That was also the same day the stock market reached its low for 2011 after a turbulent summer and early fall that drove the stocks of many companies sharply lower. Disney shares have since recovered and closed Friday at $39.31.
Iger, 60, received a base salary of $2 million, unchanged from the previous fiscal year, according to documents filed with the Securities and Exchange Commission.
He also received stock awards valued at $8.1 million at the time they were granted, an increase of 10 percent from a year earlier, and option awards valued at about $4.8 million on the day they were granted, up 9 percent from the year before.
Iger's performance-based cash bonus grew 15 percent from the prior year to about $15.5 million.
His other compensation jumped 21 percent to $962,932, including $371,439 for personal use of company aircraft and $561,303 for security costs.
Iger's total compensation in fiscal 2010 was $28 million.
Disney's net income for fiscal 2011 grew 21 percent to a record $4.8 billion, or $2.52 per share, aided by the success of films such as "The Lion King" in 3-D, and improved revenue from its consumer products, TV and theme park businesses.
Revenue rose 7 percent to a record $40.9 billion.
http://apnews.myway.com/article/20120121/D9SD3EOG2.html
