Disney CEO Bob Iger's Compensation More Than Doubles To $31.6M In 2023
Portfolio Pulse from Benzinga Neuro
Disney CEO Bob Iger's total compensation for 2023 has more than doubled to $31.6 million, up from $15 million in 2022. His package includes a base salary, stock awards, stock option awards, performance-based compensation, and other compensation. Despite Disney's challenges, such as box office failures and a shift to streaming, Iger's earnings have increased significantly. Disney also announced additional expense cuts of $2 billion, adding to a previous $5.5 billion reduction. Iger, who returned as CEO after Bob Chapek's short tenure, has had his contract extended through 2026.
January 17, 2024 | 8:41 am
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Bob Iger's compensation increase to $31.6M and Disney's ongoing cost-cutting measures may reflect on the company's commitment to leadership despite financial challenges, potentially affecting investor sentiment.
While the increase in CEO compensation is significant, it is often not directly correlated with short-term stock price movements. However, it could affect investor sentiment as it reflects on the company's governance and financial priorities. The news of cost-cutting measures could be seen as a positive step towards financial stability, but it also underscores the challenges Disney is facing, which could have a mixed impact on the stock.
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