The Walt Disney Co. chairman and CEO Bob Iger received total compensation of $65.6 million in 2018, an 80% increase over the prior year, according to documents filed with the Securities and Exchange Commission.
The bulk of that gain came in the form of stock awards — $35.4 million in 2018 compared to about $9 million in 2017. Iger’s base salary rose 16% to $2.9 million from $2.5 million in the prior year. In addition, he received $18 million in non-equity incentive plan compensation, up from $15.2 million in the prior year.
Other executives also received healthy pay boosts in 2018, including chef financial officer Christine McCarthy (32.6%) to $11.8 million; SVP general counsel and secretary Alan Braverman (24%) to $10.4 million; and chairman, direct to consumer and international Kevin Mayer (38%) to $11.6 million.
Disney agreed to purchase certain Fox assets in December 2017 for about $52.4 billion, but was trumped by a Comcast counter offer for the properties in June. After a one month battle, Disney emerged the victor with an offer for $71.3 billion for the Fox assets, nearly $20 billion more than it had originally bid. That deal is expected to close in the first quarter.