Disney Shareholders Reject Bob Iger’s Pay Plan

Disney CEO Bob Iger held Disney Company’s annual shareholders Q & A meeting where they voted on candidates for board of directors.

Iger announced no big changes for now, neither making any changes or rebranding its recently acquired 21st Century Fox. Shareholders also rejected a proposed pay plan that could reward Mr. Iger up to $48.5 million per year over four years, plus an equity grant worth about $100 million.

The board accepts the result of today’s non-binding vote and will take it under advisement for future CEO compensation,” Aylwin Lewis, chair of the board’s compensation committee said in a statement.[1]

Under a contract extension signed in December to buy assets of 21st Century Fox Inc., Mr. Iger is eligible for $142 million worth of stock. He also received a bump of $500,000 per year for a total $3 million base salary, with a possible $500,000 raise when the purchase is complete.

Mr. Iger’s annual target bonus would increase to $20 million from $12 million when Fox’s film and television studio, cable networks, and other assets become part of Disney.

[1]https://www.cnbc.com/2018/03/09/disney-shareholders-vote-against-ceo-igers-pay-package.html

Follow us on social media for the latest updates in B2B!

Image

Latest

precision community health
Population Health is Becoming Precision Community Health
March 29, 2024

The concept of population health is evolving rapidly, with a significant shift towards a more targeted approach known as Precision Community Health. Driving this change is the realization that broad health initiatives often overlook the nuanced needs of specific communities, particularly those in rural areas or experiencing generational poverty. With 80% of health outcomes […]

Read More
IP730
ICOM at IWCE 2024: IP730 is the Solution to Scalable and Effective Communication Systems for Critical Services
March 28, 2024

At the International Wireless Communication Expo (IWCE) 2024 trade show in Orlando, the spotlight was on the latest advancements in communication technology, crucial for sectors like the military, emergency services, and public transportation. This event is a vital meeting point for professionals seeking innovative solutions to enhance their operational communication capabilities across vast distances. […]

Read More
Brand experience with APL
Stepping into the Future at Shoptalk 2024: Creating a Flagship Brand Experience with APL
March 28, 2024

The customers of today are no longer satisfied with mere products; they crave brands that provide immersive, distinctive, and tailored brand experiences. Athletic Propulsion Labs (APL) epitomizes this shift, setting a new standard in the luxury performance market with its innovative athletic footwear. APL’s newly opened flagship boutique in Soho, with its artisan plaster walls […]

Read More
Balancing professional growth and personal well-being
Routines, Rituals and a Mission-Driven Approach: MarketScale’s CRO Tim Maitland on Balancing Professional Growth and Personal Well-Being
March 28, 2024

In a world that often demands the relentless pursuit of success, finding the sweet spot between professional growth and personal well-being can seem like an elusive goal. As we navigate the complexities of modern work-life dynamics, the conversation around maintaining this balance has become more pertinent than ever. In this episode of Growthwell, we […]

Read More