The Walt Disney Company said the former CEO, who took over in February 2020 after longtime CEO Bob Iger retired, is eligible to take home a severance pay package worth roughly $20 million, according to a regulatory filing Tuesday. That’s in addition to the $24 million he made last year — his $2.5 million base salary plus millions in stock options and awards. That’s down from the $32.5 million he made in 2021.
“The significant developments and change in the broader macroeconomic environment over this period informed how the board viewed the appropriate leader in light of the rapidly evolving industry and market dynamics,” the filing said. Disney shares, which were trading at about $170 in January 2022, have fallen to about $100 a share. Iger has returned to Disney at a tumultuous time. Its streaming business lost $1.
🤑
Watch there will be job cuts as a result.
Yeah but Disney leans liberal so people won’t come for his head like they do other CEOs/ex CEOs.
Only in America do you get rewarded for doing a horrible job. Under his watch Disney stock went from $170+ to $90.00.
going for that Kratos look
Millions for failure.
Lolol... Dont feel sorry for him. How many humans do we know that gets $20 million to be fired!! I would be thanking them for my early retirement.
These gigantic multinationals only exist now for the benefit of the executives. Not the workers, or even the investors.
He ruins a company and gets paid $20m? How much will elonmusk get for killing Tesla & Twitter ?
Who cares!!! Disney is over priced and over hyped. It’s a terrible place to go
Woke rises to the top, Disney can blame itself.
Nice job during your tenure! NOT.
Lula tinha razão, uma (1) tv basta, não ligo a minha desde 21/12, antes do Natal. Prefiro celular e vejo a Joven Pan na hora que eu quiser. Para ouvir notícias com viez político, não quero.
Typical leftist hypocrisy.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DEADLINE - 🏆 109. / 63 Read more »