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Re: Disney offering buyouts to 600 execs at resort unit: WSJ
I saw this????
Disney CEO, Bob Iger, Receives $13.9 Million Bonus for 2008
1/19/2009 11:19 AM EST
Associated Press
It's good to the president of the Walt Disney Company.
According to the Associated Press, Robert Iger is said to have received approximately $51.1 million in compensation for 2008. While, that is up substantially from the previous year (85%), most of the earning are said to be in stock options that were taken upon signing his new 5 year contract that extends through 2013.
The options were worth over $34 million when they were taken, however due to the fall of the stock prices, they aren't worth anything at the moment. He also could have received a shareholder bonus worth $2.4 million, but declined it. Disney spokesman Jonathan Friedland said, "He thought it was the appropriate thing to do."
Disney's earnings were up 7% since last year, but the net profit was down by about 5%.
The $51 million in compensation also includes $107,897 for air travel, $645,368 for security and $14,400 for expanses such as annual physicals, gym membership and other various expenses.
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