Walt Disney’s chief executive Bob Chapek’s compensation totaled $34.46 million in fiscal 2021, up from $14.16 million the year before. Disney’s fiscal year ends in September.
Chapek succeeded Bob Iger as CEO in February of 2020.
His package includes a salary of $2.5 million stocks and option awards for, respectively, $10.2 million and $3.75 million and non-equity incentive plan compensation of $10.3 million.
Iger, who served as executive chairman from Feb. 2020 until he exited the company at the end of 2021, saw his pacakge jump to $45 million from $21 million – the biggest increase being a $22.9 million in non-equity incentive plan compensation. Those are kind of like bonuses.
The stats were included in the company’s latest proxy statement filed with the SEC that lists the pay of a company’s top five highest paid executives. It noted that the fiscal 2020 comp reflects voluntary reductions in salary of all NEOs in response to the Covid-19 pandemic. As of April 5, 2020, Iger agreed to forgo his salary through the end of the fiscal year. Chapek agreed to forgo 50% of his.
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