Bob Iger’s annual income up to $65.6 million dollars
Bob Iger, Chairman and Chief Executive Officer of The Walt Disney Company (Image: Variety)Bob Iger, Chairman and Chief Executive Officer of The Walt Disney Company, just received a pay raise of 80%, which would increase his annual income to $65.6 million dollars.
The pay increase is said to reflect that 2018 was a pivotal year of growth for the company. The biggest came last year when Disney merged with 21st Century Fox. Iger spent much of the year in a bidding war with Comcast to acquire the 21st Century Fox rights, which are both the TV and film studio, the broadcast network, Star India, and more.
The merger itself cost $71.3 billion dollars, and the company shares were nearly 21% higher during the fiscal year due to this. The Walt Disney Company’s fiscal year earned $12.6 billion on revenue that rose 8% to $59.4 billion.
Besides Iger’s wages, CFO Christine McCarthy earned $11.8 million in 2018, General Counsel Alan Braverman made $10.4 million, Chief Strategy Officer Kevin Mayer made $11.6 million and Chief Human Resources Officer Jayne Parker made $6.8 million.
That’s a lot of money. No wonder a churro costs $5.99 now.