The Walt Disney Company is one of the largest and most recognizable companies in the world, spanning multiple business sectors and earning billions as they continue to rebound from the COVID-19 pandemic.
As one might expect from a Fortune 500 company, top executives earn a significantly high salary and compensation package. According to The Hollywood Reporter, the 2021 salaries for Disney’s top two execs have been revealed.
Because Disney is a publicly traded company, they are obligated to release a regulatory filing with the Securities and Exchange Commission. In that filing, the executive compensations for CEO Bob Chapek and former executive chairman Bob Iger have been released. In 2021, Chapek’s compensation package totaled $32.46 million, and Iger’s compensation package totaled $45.9 million. Compensation packages include a base salary in addition to possible bonuses, stock options, and reward options.
In 2020, Chapek and Iger’s compensation package totaled $14.1 million and $21 million respectively, due in part to Disney executives reducing their salary in response to the COVID-19 pandemic. In the year prior to the pandemic, Iger’s compensation package as then-CEO totaled $47.5 million.
The salaries for both Chapek and Iger were for Fiscal Year 2021, which ended on October 2nd, 2021. Iger officially stepped down as executive chairman at the end of December 2021, so his 2021 salary of $45.9 million does NOT include a stock grant which was rewarded to him on December 31st which, according to The Hollywood Reporter, “was worth nine figures.”
Disney’s next earnings report and earnings call is set for February 9th, 2022, where we’ll learn more about the current financial state of the company as well as insights for the year ahead. Be sure to follow along for more of the latest news and updates!
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