Walt Disney CEO Bob Iger received a large pay rise in 2018.
The president and CEO of the California-based studio earned $ 65.6 million in 2018, an increase of 81 percent from 2017 when he took home 36, $ 3 million, according to documents filed by Disney with the US Securities and Exchange Commission.
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] offsets came the same year that Disney bought a large portion of 21st Century Fox for $ 71 billion. It acquired Fox's film and television studios, majority ownership in video streaming service Hulu, a stake in U.K pay-TV company Sky and cable network FX and National Geographic.
His package last year contained a base salary of about $ 2.8 million compared to $ 2.5 million in 2017 and stock awards worth more than $ 35 million, an increase of about 27 dollar million from the previous year.
According to the current guidelines, Iger can only earn its full share-based bonus if Disney surpasses 65 percent of the companies on the S & P 500 Index. If Disney hits the 75% reference value, Iger is expected to eventually receive a $ 135 million share bonus.
According to Variety, the main reason for the rise (and increase in shares) was Iger's decision to extend his position as CEO until 2021 to lead Disy's acquisition of Fox assets.
Disney also revealed that it pays General Secretary and Secretary Alan Braverman $ 10 million, CFO Christine McCarthy $ 12 million; human resources manager M. Jayne Parker $ 7 million; and COO Zenia Mucha $ 5 million 21st century Fox is the parent company of FOX Business and Fox News.
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