The compensation committee for Disney (DIS) deemed that CEO Bob Iger exceeded the financial performance goals set before him and rewarded him with $15 million in bonus pay in response. This was in addition to his yearly salary of $2 million.
Another perk he received was a $4.3 million payment at the end of Disney's fiscal year which ended on September 30 in relation to the long-term incentive plan of the company.
In a proxy filing on Friday, the company disclosed the information to the Securities and Exchange Commission
The committee was especially satisfied with his individual performance in landing Pixar into the Disney fold, along with its successful integration into the company. They were also happy with the fact that Disney shares outperformed the S&P 500.
There is a lot more to the Iger story. For example the deal which offers movie downloads with Apple iTunes, which has done really great for them, and embracing of the new realities that are challenging the media industry, which other companies have battled so hard.
Iger is one of the very few big media executives that have earned their pay last year.
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