12 Jan 2019
Disney CEO Robert Iger's salary increases by 80%
Disney is perhaps the most recognizable and iconic brand in the entertainment industry.
2018 has been a crucial year for the investors, employees and fans of the Walt Disney Company.
This has been reflected in the salary of the chairman and CEO Robert Iger, which was disclosed as part of an SEC filing.
Read to know how much money Disney's CEO actually earns.
Iger's stock-awards this year four times more than 2017 salary
Iger saw an 80% hike putting his current earnings at $65.6 million, approximately Rs. 462 crore.
Iger's salary is $2.875 million this fiscal year, which is nearly Rs. 20 crore. Notably, he made $2.5 million in 2017, which is approximately Rs. 17 crore.
His stock awards this year were $35.5 million or Rs. 250 crore, four times more than his remuneration in 2017.
Iger recently closed deal on 21st Century Fox, its assets
Iger recently closed the deal on 21st Century Fox and its assets.
Disney is paying $71.3 billion, which comes to a whopping Rs. 50,185 crore, for the acquisition of Fox Film and TV studio, some cable channels, the broadcast network, Star India and more.
This move will allow MCU access to Fox-owned Marvel characters.
The recent acquisition also explains Iger's bump in earnings.
Other top tier salaries in Disney
Apart from Iger, the company disclosed other top-tier members' earnings in 2018.
These include CFO Christine McCarthy who made $11.8 million or Rs. 83 crore, Alan Braverman, the general counsel, making $10.4 million or Rs. 73 crore, chief strategy officer Kevin Mayer who made $11.6 million or Rs. 81 crore and Jayne Parker, chief human resources officer, earning $6.8 million or Rs. 47 crore.
Iger led Disney to great glory in entertainment
Iger took over the post from former CEO Michael Eisner in 2005. Since then, he made major moves including acquiring Pixar in 2006, Marvel Entertainment in 2009 followed by the 2012 purchase of Lucasfilm, the company formerly belonging to Star Wars' creator George Lucas.