Disney CEO Bob Iger’s Salary Soared to $65.6 Million in 2018
Looking back to 2018 it was a banner year for Disney. There was the opening of Toy Story Land and the upcoming Star Wars-themed lands, a record year at the box office and a historic deal between Disney and 20th Century Fox. With all of these happenings, various news sources are reporting that Disney chairman and CEO Bob Iger saw his salary increase from $35.2 million in 2017 to $65.6 million by September of 2018. That is an increase of over 80%.
According to Disney’s Securities and Exchange Commission, $26.3 million of the increase can be attributed to the stock awards that Iger received as a result of his decision to extend his role at Disney until 2021 to successfully oversee Disney’s integration of assets recently acquired from its deal to take over 21st Century Fox.
Iger’s base salary saw an increase from $2.5 million in 2017 to $2.9 million in 2018, Iger received $35.4 million in stock awards and another $18 million in bonuses according to a recent report in Variety.
Disney earned $12.6 billion in total income during the 2018 fiscal year, which is a 40% increase compared with the company’s $9 billion in net income during 2017. As a result, Disney’s earnings per share rose 47% during the year to $8.37 per share.
Bob Iger has been the CEO of Disney since 2005. During this time he oversaw a triple-digit increase in the shareholder returns at the company including the above mentioned $71.3 billion acquisition of 21st Century Fox.
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