Disney hikes CEO Bob Iger’s pay by 30% to $55.4 million, reflecting profit turnaround
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Mr Bob Iger is set to leave Disney in December 2026, and the board said it is “moving with urgency” in securing his successor.
PHOTO: REUTERS
NEW YORK – Walt Disney boosted chief executive Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media and entertainment company.
Disney’s CEO earned US$41.1 million (S$55.4 million) in the year that ended in September, up from $31.6 million in fiscal 2023, according to a filing on Jan 23. The increase came primarily in the form of a bigger bonus, along with greater stock and option awards.
“Mr Iger has an unmatched knowledge of the company and the creative content it produces, and an in-depth understanding of fostering innovation through technology and connecting to audiences in our markets around the world,” the board said in the filing.
Mr Iger is in his second stint as CEO, having returned in 2022 after a previous 15-year run. In November, management projected earnings growth for the next three years and called out the improving performance of its film studio, which produced hits like Inside Out 2 and Deadpool & Wolverine in 2024.
The company’s profitable streaming services, including Disney+, Hulu and ESPN+, are helping the company reduce its dependence on cable TV. Disney signed a deal earlier in January to merge its Hulu + Live TV platform with sports-focused streaming service FuboTV.
Mr Iger is set to leave Disney in December 2026, and the board said in the filing it is “moving with urgency” in securing his successor and that internal candidates are going through “a rigorous preparation process” that includes mentoring by the CEO. BLOOMBERG
