Here is What Bob Chapek and Bob Iger Made in 2022
With Disney’s latest proxy filing today, we are finally starting to get some clarity on what was a turbulent 2022 for the company.
The company released a timeline of events regarding Bob Chapek’s exit and Bob Iger’s return. In addition it has given details on the attempt by activist investor Nelson Peltz to join the board.
As part of these revelations, we have also learned the compensation received by both former CEO Bob Chapek and returning CEO Bob Iger last year. Here is what happened.
Bob Iger’s 2022 Compensation
Let’s start with Bob Iger. Mr. Iger received a total package of $14.9 million last year. This was a sharp drop from the $45.8 million he earned the previous year. This figure will increase dramatically this year, as Mr. Iger will be back in the company’s driver seat as CEO.
Bob Chapek’s 2022 Compensation and Exit Payout
Mr. Chapek on the other hand is a more complicated case. According to today’s reports, the former Disney CEO received a total package of just over $32 million dollars for his performance last year.
In addition to this, Mr. Chapek is entitled to just over $6.5 million dollars in base salary for the remainder of his contract. Mr. Chapek will also receive a $1 million dollar bonus. Finally, he will get $12.6 million in accelerated restricted stock. This brings his total exit payout of $20.4 million.
The exit payout was entitled to Mr. Chapek as he was terminated without cause. In order to get the payout however, Mr. Chapek will have to successfully complete the terms of his post-employment agreements.
Proxy Battle On the Horizon
While Disney gears up for its proxy battle with Nelson Peltz, the company also noted that its annual meeting is set for March per usual. Disney has advised investors to vote no on Mr. Peltz’s bid for a seat on the board.
Be sure to check back in with MickeyBlog, as we will continue to follow Disney’s proxy battle closely!
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