Disney CEO's pay package shrunk 7 percent in 2013

[Omaha Steve]

Source: AP-Excite

Disney CEO Bob Iger's pay package shrank 7 percent for 2013, despite the entertainment company's strong financial performance during the year.

Iger received compensation valued at $34.3 million for the year, down from $37.1 million last year.

His compensation fell because the Walt Disney Co. (DIS) didn't exceed internal goals by as much this year as it did in 2012, according to a company regulatory filing made Monday. Earnings at the Burbank, Calif. company rose 8 percent to $6.1 billion in fiscal 2013 after surging by 18 percent in the previous year.

The slowdown contributed to a decision to trim Iger's cash bonus by $3 million from the previous year. The value of his stock awards and options also declined.

FULL story at link.



Read more: http://apnews.excite.com/article/20131224/DAASDMEO0.html

[brucefan]

1. Tough year for everyone

[Sherman A1]

2. Darn the luck

[Fortinbras Armstrong]

3. Oh, poor baby. My nose bleeds for him n/t

[Turbineguy]

4. It's the thin end of the wedge.

Of course as long as the company loses money, the CEO has no fear of a cut.

[HughBeaumont]

5. Maybe we can take up a collection . . . you know, so he can BUY that fifth mansion.

[valerief]

6. What an obscene salary. nt

[scheming daemons]

7. so it went from "infinity and beyond" to just "infinity"?

[davidpdx]

8. I'm weeping inside

[htuttle]

9. There was shrinkage! Significant shrinkage!

[groundloop]

10. All the Disney employees must be so heartbroken for him....

I'm sure it just fills their hearts with PRIDE to know that their CEO is so well compensated, and to hear that he took such a catastrophic pay cut this year must be really devastating news to all of them.

[Thor_MN]

11. OK, hold that as average for 30 years,

Shrink only executive pay by 7% for 30 years and we will be back to where Reagan started fucking things up.

[yourout]

12. How will he ever survive?

[City Lights]

13. Fantastic!

It's a start!

[geomon666]

14. It was just cold outside baby, it'll grow back n/t

[Javaman]

15. dang, no polished platinum faucets this year!

gold will just have to due.

[LiberalAndProud]

16. How would he even notice?

At some point it's just numbers. Or if not, why not?

[jschurchin]

17. Good lord!!!!

How is this poor man going to get by????? Those bastard on the Board of Directors are trying to drive this poor man broke. Only $37 million, I plan on seeing him at the nearest WalMart real soon.

[Archaic]

18. I see an island without an owner...the child will not get his tropical paradise.

Detective: Now look in this window. [they are at another mansion, and they look inside a picture window] Here you see the loving family of Master P. [He's shown tossing a basketball to his wife while his kid tries to catch it] Next week is his son's birthday and, all he's ever wanted was an island in French Polynesia. [his mom lowers the ball and gives it to the boy, who smiles, picks it up and drops it. It rolls away and he goes after it]

Kyle: So, he's gonna get it, right?

Detective: I see an island without an owner. If things keep going the way they are, the child will not get his tropical paradise.

(From South Park's Napster episode where the police explained to the boys why stealing music was so bad and how the millionaires would suffer)