Salary cut for Walt Disney CEO
Despite the fantastic achievements of the Walt Disney Company in 2019, its CEO Bob Iger earned significantly less than a year earlier. According to The Hollywood Reporter, his compensation amounted to $ 47.5 million, against $ 65 million in 2018. It is alleged that this decision was made after "consultations with the largest shareholders of the company." "In an effort to properly balance pay to meet our financial program, the compensation committee discussed this issue with Mr. Iger, and the latter agreed on three separate occasions to reduce his compensation, which he would otherwise have been entitled to receive under his employment contract, in the current fiscal year." , the company said in a statement. Notably, that all of this happened against the backdrop of the company's complete dominance in home and international distribution. Various divisions of Walt Disney have had a number of absolute records, seven movie projects have earned more than one billion dollars. Walt Disney's total profit in fiscal 2019 grew 17 percent to $ 69.6 billion. Bob Iger has been heading the company since 2005 and is set to retire in 2021. The Topic of Article: Salary cut for Walt Disney CEO. |
