Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Multichannel News
Email
Print
Reprints/License
RSS

Iger, Staggs Ink New Employment Deals

Contract Boosts Disney CEO’s Incentive Package

By Mike Farrell -- Multichannel News, 2/1/2008 7:19:00 AM MT

Walt Disney CEO Robert Iger received a new five-year employment deal, one that raises his annual performance-based bonus to $10 million from $7.25 million and gives him options for 3 mBob Iger and his bud Mickeyillion shares.

The agreement, filed with the Securities and Exchange Commission Friday, also increases Iger’s long-term incentive award from $8 million to $9 million. Iger’s old employment deal, signed in 2005, was set to expire on Sept. 30, 2010. The new deal expires on Jan. 31, 2013.

Iger received a compensation package of about $27.7 million in salary, bonuses and other compensation in fiscal 2007, according to Disney’s proxy statement filed in January. Included in that package: $2 million in salary, $7.9 million in stock awards, $2.2 million in option awards and $13.7 million in non-equity incentive plan compensation.

Disney also said in the filing that chief financial officer Thomas Staggs also received a new five-year deal, effective April 1.

As part of that deal, Staggs will receive $1.25 in annual salary -- up from $1.1 million in 2007 -- and a target bonus of up to two times his annual salary, or about $2.5 million (an increase from the $2.2 million he received in fiscal 2007.

Staggs’s new deal also includes an award of 250,000 restricted stock units. He received total compensation of $9.05 million in fiscal 2007, according to the January proxy.  

Email
Print
Reprints/License
RSS
Talkback
Related Content
More >>>

Reed Business Information Resource Center

Featured Company


Related Resources

Advertisement

Related Microsite Content

Related Links

mm160-osms
Advertisement
Multichannel Subscription
NEWSLETTERS
Multichannel Newswire
HD Update
Cable Technology
VOD Newsletter
Hispanic TV Update
HD Programming
Multicultural Newsletter
B&C NewsCentral
Television Careers



Please read our Privacy Policy

About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites