[llama]

Originally Posted by mickeysgirlz

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.

Well, isn't that big of him. Giving up a whole 2.4 million because it's the "appropriate thing to do". But he has no trouble taking 51 million "compensation". $645,368 for security? Is he really that precious? He can't afford his own gym membership? Or medical insurance? Give me a break.