A Potential Pay Raise for Disney CEO Bob Iger

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On Thursday, shareholders of the Walt Disney Company voted on a compensation plan for Disney’s CEO, Bob Iger. He would make “up to $48.5 million a year over four years plus an equity grant worth about $100 million.” This plan was likely initiated by Disney’s recently closed deal that will give them tens of billions of dollars worth of Twenty-First Century Fox programs. This would be in comparison to his most recent salary in 2017 of about 36 million dollars. The shareholders rejected this plan, though the vote was close, with only 52% voting against, and 44% voting in favor (the other 4% of shareholders abstained from voting).

This vote was non-binding, so it is possible that Iger will still get the raise. However, the chair of the board’s compensation committee noted that the board will take the shareholders’ votes “under advisement.”

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