Tuesday, January 5, 2016

Though Disney CEO Bob Iger's pay decreased this year, he still makes over $5K an hour

Posted By on Tue, Jan 5, 2016 at 6:13 AM

click image PHOTO VIA WIKIPEDIA
  • Photo via Wikipedia
The Walt Disney Company recently posted their end of the financial year SEC filings. The public documents give us some insight into the highest echelons of the company including the pay for CEO Bob Iger. A base salary of $2.5 million is just part of a pay package that includes pensions, stock and other compensation that tallies up to $44.9 million (that clocks in at near $5,100 per hour).

That pay includes personal security and corporate jet use. The pay is actually  3.4% lower than his compensation package from the previous year.

Disney hasn’t been immune to the compensation discussion that has been most prevalent in the nation’s fast food industry. In 2014, after numerous failed discussions, Walt Disney World agreed to a new base pay for cast members that starts employees at $9.50 this year and will increase to $10 next. Currently, the living wage for Orange County, Florida is $11.13 per hour.

Beyond Iger, the next highest compensated leader at The Walt Disney Company is Tom Staggs, who is widely viewed as the obvious choice to replace Iger when his contract expires in mid-2018. Staggs received a $20 million package for the year.

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