Disney chief Bob Iger is super rich. He received a total of $46.5 Million in compensation for fiscal 2014. This marked a 36% increase from 2013.
While Iger’s base salary was a paltry $2.5 million, he also earned $22.8 million in non-equity incentives, $8.9 million in stock awards, $8.4 million in option awards, $2.8 million in a change to his pension value and $1.1 million in other compensation.
If you think that he did not earn the money, what corporations care most about is an increase in the value of their stock. Disney’s stock surged 38% in the fiscal year that ended in September. In the same period the Standard & Poors only went up by 20%. Clearly the money that Iger was paid represents only a fraction of the money that Disney shareholders earned in 2014.
In Disney’s official filing on Friday the company stated that, “The Committee applied a factor of 200 percent with respect to other performance factors for Mr. Iger in fiscal 2014 compared to a factor of 115 percent in fiscal 2013. This factor reflected the Committee’s judgment that Mr. Iger’s leadership in articulating and implementing the Company’s long-term strategy was a substantial driver of the extraordinary results in fiscal 2014 and continued to position the Company for future growth.”
“Our results for Fiscal 2014 were the highest in the Company’s history, marking our fourth consecutive year of record performance, ” Iger said at the time. “We’re obviously very pleased with this achievement and believe it reflects the extraordinary quality of our content and our unique ability to leverage success across the company to create significant value, as well as our focus on embracing and adapting to emerging consumer trends and technology.”
Iger signed a new contract last October which will keep him at Disney through 2019.