As Disney punts its succession decision to 2026, CEO Bob Iger continues to be a financial beneficiary.
According to the company’s annual proxy filing, Iger received a pay package valued at $41.1 million in 2024, mostly in the form of stock and option awards. His salary was $1 million.
In 2023 Iger took home a pay package valued at $31.6 million, with most of that in the form of stock and option awards.
Iger, of course, is under contract with Disney through 2026, though board chairman James Gorman has indicated that he hopes to find a successor to the executive in “early 2026.”
Gorman reiterated that promise in his first annual shareholder letter as chairman of the company: “As Chair of the Succession Planning Committee, I am focused on managing our succession process, and we have continued to make strong progress over the last year,” Gorman wrote. “In response to shareholder feedback, I was pleased to share an update on our expected timing to announce a CEO successor in early 2026. The full Board is engaged in and committed to finding the right leader for the Company and we are planning for a smooth leadership transition that will enable Disney’s continued success.”
Disney also disclosed pay packages for other top executives, including CFO Hugh Johnston, whose pay package totaled $24.5 million, and chief legal and compliance officer Horacio Guttierez, who took home a package valued at $15.8 million.
With most of the executive compensation in the form of stock and options, the actual take-home pay can vary, depending largely on the company’s share price. The Hollywood Reporter