Disney Stock UP! Bob Iger Compensation DOWN?
Critique of the CEO’s paycheck was prevalent in 2019…
I am aware of the controversy(?) over Bob Iger’s compensation. I am also aware of, say, how much athletes are paid.
And given the way that corporations benefit from the work of brilliant chief executives and left-handed pitchers, I don’t spend too much time on how much high performers get compensated. Frankly: I should be so lucky.
And, just imagine how much — oh IDK — WALT DISNEY would make in 2020?
BUT, a whole lot of people pay attention to paychecks, so here we go.
The Walt Disney Company makes a lot of money. And so does the CEO, Bob Iger. But this year, even as Disney stock prices rise, Bob Iger’s compensation is descending.
Some Things Ascend, Others Descend
![](https://mickeyblog.com/wp-content/uploads/2019/11/Bob-Iger-Masterclass-1024x684.jpeg)
![](https://mickeyblog.com/wp-content/uploads/2019/11/Bob-Iger-Masterclass-1024x684.jpeg)
Photo: Masterclass
Forbes’ Dawn Chmielewski posted:
Walt Disney Co. Chairman and CEO Bob Iger’s compensation fell 28% to $47.5 million in 2019 one year after shareholders had signaled their unhappiness with his pay, one of the highest among U.S. public company executives.
In a securities filing late Friday, Disney recounted how the board had lowered Iger’s compensation twice since shareholders issued a rare rebuke in 2018 of his pay package and an advisory firm called it “excessive.”
Criticism of his paycheck, including from Disney heir Abigail Disney, became a talking point in a broader national conversation around pay equity.
What I’d Like To See
Now, given how little the “little people” at large corporations make, what I’d like to see as a coda to this story is some notion of how Iger’s compensation (achieved through the free market system, btw, they didn’t have to promise him that much), had been redistributed throughout — just spitballing here — maybe the security departments at Disney Parks as a reward/additional incentive to keep Walt’s houses safe in the scary times in which we live.
However, you’ll notice no such notice was given. SO, I sit here saying, If Iger played a central role in Disney achieving the lofty heights of its present position, why in the name of Adam Smith did they lower his pay?
Here’s hoping there’s a direct corollary to the Disney Aspire project, or something, coming soon…