The Walt Disney Company's fiscal 2024 executive compensation report reveals substantial earnings for its top leadership, with CEO Bob Iger leading the pack. Iger, who returned to Disney in late 2022 to helm the company during a challenging period, earned a total compensation of $41.1 million for the fiscal year.
Bob Iger's Compensation Breakdown
- Base Salary: $1 million
- Stock Awards: $18.3 million
- Option Awards: $12 million
- Non-Equity Incentive Plan Compensation: $7.2 million
- Change in Pension Value/Deferred Compensation Earnings: $495,142
- All Other Compensation: $2.1 million
- Total: $41.1 million
Iger's stock and option awards account for the largest portions of his pay package, following the company's strategy to align executive compensation with performance metrics and shareholder value. His total compensation is a marked increase from the $31.6 million he earned in fiscal 2023, a year in which he returned to the role after his initial retirement.
Disney's Compensation Committee credited Iger's accomplishments in fiscal 2024 with an OPF (Operational Performance Factor) multiplier of 180%.
Performance Highlights
- Box Office Leadership: Under Iger's leadership, Disney performed well at the global box office, delivering the top two highest-grossing films of the year.
- Inside Out 2 became the highest-grossing animated film of all time, earning $1.7 billion.
- Deadpool & Wolverine grossed $1.3 billion, setting a record as the highest-grossing R-rated film ever.
- Streaming Profitability: Iger achieved a major milestone by driving Disney's streaming business to profitability. He also unified the streaming experience by integrating Hulu content into Disney+, enhancing customer value.
- D23 Fan Event: Iger oversaw the largest D23 Fan Event in Disney's history, unveiling future content plans and capital investment projects across the company's entertainment and park divisions.
- Corporate Recognition: Disney received numerous accolades during Iger's tenure, including being ranked the #1 entertainment company "Best for Vets" by Military Times and named one of TIME's "World's Best Companies."
Other Notable Executive Compensation
- Hugh F. Johnston (CFO): $24.5 million
- Kevin A. Lansberry (Former Interim CFO): $4.6 million
- Horacio E. Gutierrez (Chief Legal and Compliance Officer): $15.8 million
- Sonia L. Coleman (Chief Human Resources Officer): $7.5 million
- Kristina K. Schake (Chief Communications Officer): $6.2 million
Compared to 2023
The total compensation for Disney's top executives saw notable percentage increases in fiscal 2024 compared to 2023. CEO Bob Iger's total pay rose by approximately 30% from $31.6 million in 2023 to $41.1 million in 2024, driven by higher stock and option awards. CFO Hugh Johnston’s total compensation increased by 17%, from $20.9 million in 2023 to $24.5 million in 2024. Chief Legal and Compliance Officer Horacio Gutierrez experienced a 7% increase, from $14.8 million to $15.8 million. Sonia Coleman (Chief Human Resources Officer) saw a significant 40% increase, rising from $5.4 million to $7.5 million, based on her role in cost-saving initiatives and workplace enhancements. Meanwhile, Kristina Schake’s compensation rose by 34%, from $4.6 million in 2023 to $6.2 million in 2024, due to her expanded responsibilities in strategic communications.
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