Bob Iger’s Disney Pay More Than Halved in 2020 Amid

Bob Iger’s Disney pay dropped by greater than half in 2020, when he and present CEO Bob Chapek each went with out bonuses amid the coronavirus pandemic. Iger additionally forewent his wage for a time, Chapek took a 50% pay discount.

Don’t really feel too badly for Iger — he nonetheless made greater than $20 million. (About $21 million, to be extra precise.) In 2019, nonetheless, Iger hauled in $47.5 million.

Chapek tallied $14.2 million in 2020. We should not have 2019 knowledge for the brand new head honcho.

According to Disney’s annual shareholder assembly discover and assertion filed to the SEC, Iger ended up making just below $1.6 million in wage for fiscal 2020, down from the $Three million earned in 2019. His reported inventory awards declined from greater than $10 million in 2019 to lower than $7 million in 2020. Iger’s choices awards determine was pretty flat yr to yr at roughly $9.6 million.

The big change got here underneath the heading non-equity incentive plan compensation, which basically means financial bonus. In 2019, Iger hauled in $21.75 million {dollars} there. It was a goose egg in 2020. There actually weren’t another materials modifications for Iger, however he made one other $1.eight million underneath the pension/deferred compensation heading, and $1.2 million in catch-all class “All Other Compensation.”

Chapek drew $1.eight million in wage, had $6.1 million in inventory awards, $3.four million in choices and the identical large, fats zero within the non-equity bonus column. He tacked on $2.7 million through a change in pension/deferred compensation and about $140,000 underneath what is basically an “other” column.

“The COVID-19 pandemic took a substantial toll on our businesses, many of which were closed during significant portions of the fiscal year,” Disney mentioned within the SEC submitting. “Some of our operations are still not resumed. Those of our businesses that have resumed are operating under significant restrictions and with additional cost burdens as a result of COVID-19. The disruption to our businesses caused by the COVID-19 pandemic had a corresponding impact on the Company’s financial performance.”

That discount in efficiency included a lower in income of 6% to $65.39 billion and a loss in diluted earnings per share of $1.57 in comparison with earnings of $6.26 per share in fiscal 2019. Net earnings for Disney dropped to a lack of $2.83 billion in comparison with earnings of $10.43 billion a yr in the past.