Iger Extended At Disney
Smith continued, “Mr. Iger has led The Walt Disney Company to unprecedented success during his 11 years as CEO, driving Disney to new creative heights, expanding the Company’s global reach, fostering technological innovation, and delivering year-after-year of record financial results. During his tenure, Mr. Iger has created enormous value for shareholders, with total shareholder return of 448%, compared to 144% for the S&P 500, and a dramatic increase in the Company’s market capitalization to $177 billion from $46 billion.”
According to the Form 8-K filed with the SEC, Iger’s undisclosed salary will remain the same as 2016, but he will receive a $5 million cash bonus if he stays through July 2, 2019. He will also be the beneficiary of a sweet consulting agreement that will pay him a quarterly fee of $500,000 for each of the first 8 quarters during the Consulting Period and $250,000 for each of the last four quarters of the Consulting Period.