Iger Gets 20% Pay Hike

Disney Chief Reaps $40.2 Million in 2012 Compensation
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Walt Disney chairman and CEO Robert Iger’s total compensation rose 20% from $33.4 million to $40.2 million in fiscal 2012, a year marked by a 76% increase in the media giant’s stock and some landmark deals.

According to a proxy statement filed late Friday, Iger’s 2012 received $2.5 million in salary (up $500,000 from the prior year), $9.5 million in stock awards (up from $8.1 million in 2011) and $7.75 million in option awards (up from $4.8 million in the previous year). In addition, Iger received $16.5 million in non-equity incentive plan compensation (up from $15.5 million in 2011) and $3.1 million in nonqualified deferred compensation.

During the fiscal year -- Oct. 2, 2011 to Sept. 29,2012 -- Disney shares were up a strong 76%. The stock rose about 33% in calendar 2012.

Disney had a strong fiscal 2012 with revenue up 3% and net income up 18%. Also during the year, the media giant agreed to acquire Lucasfilm, the owner of the Star Wars movie franchise, for $4.05 billion. In December, Disney reached an output agreement with online giant Netflix that some have estimated to be worth as much as $400 million per year for the movie studio.

Rounding out the other top Disney executives, chief financial officer Jay Rasulo received $12.2 million in 2012 compensation (a 10% increase); senior executive vice president and general counsel Alan Braverman received $8.3 million (up 6.4%); executive vice president, corporate strategy and business development Kevin Mayer received $4.2 million (up 7.7%) and executive vice president and chief human resources officer M. Jayne Parker received $3.98 million (up 10.6%).