Disney CEO stock award worth as much as $149.6 million in 2018
Walt Disney Co
The media and entertainment company reported that Iger`s compensation rose 80.9 percent to $65.6 million, excluding awards based on the Fox deal.
Last month, Iger agreed to certain adjustments to his compensation package, which ties his paycheck to the company`s performance, as it nears completion of the deal.
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Disney suffered a rare rebuke from its shareholders last year when a 52 percent majority opposed the compensation of Iger and other executives in a non-binding vote.
The proxy filing released on Friday showed that Iger`s $65.6 million compensation for 2018 included $35.4 million in stock awards. That 2018 stock award figure rises to $149.6 million, assuming completion of the acquisition and the highest level of performance conditions are achieved, Disney said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
05:30 AM IST