September 23, 2023

Solid State Lighting Design

Find latest world news and headlines today based on politics, crime, entertainment, sports, lifestyle, technology and many more

Bob Iger: Here’s how much the CEO would earn returning to Disney

Bob Iger: Here's how much the CEO would earn returning to Disney

New York
CNN Business

Bob IgerWho shocked the media world when He returned as CEO of Disney on SundayHe will again be among the highest paid executives in Hollywood.

Iger will earn $1 million in base salary when he takes over Disney

According to a company filing with the Securities and Exchange Commission. However, this compensation comes with an annual bonus of up to $1 million plus an annual incentive-based bonus with a target value of $25 million. This means that Iger has the potential to attract around $27 million.

Eiger’s term began on November 20 and will run until December 31, 2024, according to the filing.

Although $27 million is a lot of money, it’s less than the roughly $46 million in total compensation he received when he left the company at the end of last year.

Disney said Sunday night that Iger, one of the most successful CEOs in the company’s history, will return to run the media empire. It was amazing Development in the largest company in Hollywood.

The announcement comes at a time of great development and scrutiny for Disney. The company is reporting lackluster profits that have shown growth in its streaming endeavours. However, this growth came at a significant cost. Disney broadcast business It lost $1.5 billion in the fourth quarter. That news sent Disney shares down after a year of sluggish performance.

Iger replaces Bob Chapek, who had a brief but bumpy tenure as Disney chief after taking over at the start of the pandemic in 2020.

See also  Cryptocurrency exchange Binance is temporarily suspending USDC stablecoin withdrawals

On Monday, Iger made his first steps as CEO of By reorganization Disney Content Distribution Structure.

Kareem Daniel, president of Disney’s media and entertainment distribution unit, said the CEO in a note to employees. will leave the company.

As for Disney Media and Entertainment Distribution, Iger notes in a note to employees that “Without a doubt, the DMED elements will remain, but I believe fundamentally storytelling is what fuels this company, and it’s part of how we organize our business.”