MUMBAI: The Walt Disney Company chairman and CEO Robert Iger's reported compensation drop 3.4 per cent to $44.9 million for the fiscal year ending October 2015, as his cash bonus depleted by $410,000 and the value of a pension declined due to an accounting change.
Iger's base salary of $2.5 million was unchanged from 2014, when his overall compensation came in at $46.5 million. That was an increase as compared to his 2013 package of $34.3 million. He also earned $22.3 million in non-equity incentives, $8.9 million in stock awards and $8.4 million in option awards.
As per a proxy filed by Disney, Iger’s bonus fell to $22.3 million in the fiscal year that ended on 29 Sept ember, 2015. The biggest factor was a change in a discount rate applied to his pension, which resulted in an almost 50 per cent drop in its reported value, to $1.42 million.
Disney, which has seen a strong box office in 2015, is currently basking in the glory of record worldwide collections from the recently released Star Wars: The Force Awakens.
