Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Disney CEO Got $27.7M in 2007

Send a link to a friend

[January 12, 2008]  LOS ANGELES (AP) -- Robert Iger, chief executive of The Walt Disney Co., received a compensation package in fiscal 2007 valued by the company at $27.7 million, according to an analysis of documents filed Friday with the Securities and Exchange Commission.

Iger, who also holds the title of president, received a salary of $2 million, non-equity incentive plan compensation of $13.7 million, and other compensation of $745,177, the Burbank, Calif.-based company said.

He also received compensation from stock and option awards that had an estimated value of about $11.2 million when granted.

The executive's other compensation included $65,284 for air travel, $660,168 for security and another $14,400 in reimbursements for such things as health club membership, annual physical exams and other expenses.

Iger's employment agreement runs through 2010 and calls for him to be paid an annual salary of at least $2 million.

The Associated Press calculations of total compensation include salary, bonus, incentives, perks, any above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.

They may vary from totals listed in the summary compensation table in the company's proxy filed with the SEC.

[to top of second column]

The Disney media conglomerate, which operates film studios, theme parks, TV cable channels and other businesses, ended fiscal 2007 on an upswing, posting annual profit of $4.69 billion, or $2.25 per share, compared with $3.37 billion, or $1.64 per share, in fiscal 2006.

Revenue rose to $35.51 billion from $33.75 billion in the same period.

The company set its 2008 shareholder meeting for March 6 in Albuquerque.

Disney shares fell 35 cents, or 1.1 percent, to $30.32 on Friday. The stock has ranged between $29.20 and $36.20 over the past 52 weeks.

---

On the Net:

The Walt Disney Co: http://corporate.disney.go.com/index.html?ppLinkpp-wdig

[Associated Press; By ALEX VEIGA]

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Recent articles

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor