While Disney delays its leadership transition until 2026, CEO Bob Iger remains financially advantaged.
Based on the company’s annual report, it was disclosed that Iger was awarded a remuneration package worth approximately $41.1 million in 2024, the majority of which consisted of stocks and options. His base salary amounted to $1 million.
In 2023, Iger received a compensation package worth approximately $31.6 million, the majority of which was given in the form of stocks and options.
As a gaming enthusiast, I’m keeping an eye on the news about Bob Iger, who’s currently bound by contract with Disney until 2026. But here’s something interesting: James Gorman, the board chairman, has hinted that they might be looking for someone to take over from Iger as early as 2026. Exciting times ahead!
In his first annual letter as chairman, Gorman emphasized once more his commitment to the company’s succession process. As the head of the Succession Planning Committee, he has been diligently managing this process and has reported significant advancements over the past year. He also disclosed an anticipated timeline for announcing a new CEO in early 2026, following feedback from shareholders. The entire board is actively involved and dedicated to finding the ideal candidate for Disney, with plans in place for a seamless transition that will ensure the company’s ongoing prosperity.
Additionally, Disney revealed the compensation details of other high-ranking officials such as CFO Hugh Johnston, earning a remuneration worth approximately $24.5 million, and Horacio Guttierez, the chief legal and compliance officer, who received a package valued at around $15.8 million.
The majority of executive compensation comes as stocks and options, which means their real earnings can fluctuate significantly based mostly on the company’s stock market value or share price.
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2025-01-24 00:54