Disney CEO’s compensation jumped to $40.2 million as theme parks led growth
Mickey helped pad Disney CEO Bob Iger's salary as its theme parks were its fastest-growing business last year. Josh Hallett / Flickr.com
Theme parks was Disney’s fastest-growing business in fiscal 2012, although its media business, including ESPN, dwarfs the company’s amusement park unit.
Diversified media and entertainment conglomerate Walt Disney Co.’s chief executive officer Bob Iger received overall compensation valued at $40.2 million for 2012, up from $33.43 million in the prior year.
In a proxy filing, the company said that Iger received 2012 basic salary of $2.5 million, up from $2 million last year. In addition, Iger received stock option awards of $7.8 million, jumped from $4.8 million in 2011.
Stock award grants valued at $9.5 million were above the $8.1 million from a year earlier, according to a filing Friday. He also received incentive pay of $16.5 million, up from $15.5 million, whereas other compensation for security and personal air travel came to $800,700, down from $962,932 a year earlier, according to filing with the Securities and Exchange Commission.
California-based Disney said that its Senior Executive Vice President and Chief Financial Officer James Rasulo got pay package of $12.2 million, up from $11.07 million a year ago.
The compensation includes $1.49 million in base salary, stock awards of $3.01 million, option awards of $1.80 million, $4.08 million incentive pay, change in pension value and non qualified deferred compensation earnings of $1.79 million and all other compensation of $36,548.
For the fourth quarter ended September 29, 2012, the Burbank, California-based company reported net income of $1.24 billion or $0.68 per share, compared to $1.09 billion or $0.58 per share for the year-ago quarter, helped by growths at ESPN and the company’s theme parks.
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