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Disney amends CEO’s compensation package

by LLB Reporter
4th Dec 18 10:07 am

Walt Disney’s CEO Robert Iger has agreed to certain adjustments to his compensation package, which ties his paycheck to the company’s performance, as it nears the completion of its Twenty-First Century Fox acquisition.

Under the new agreement here, Iger will earn no shares if the company’s relative total shareholder return is less than or equal to 25 percentile of the total shareholder return of companies in the S&P 500 index.

“In line with the Disney Board’s pay-for-performance philosophy, the amendments to Mr. Iger’s contract establish more rigorous performance requirements for his equity award than those reflected in the original contract,” a spokesperson of Walt Disney confirmed.

Under the previous compensation package, Iger was being paid up to $48.5m in annual salary and bonuses following the Fox deal closure for each of the four years from 2018-2021.

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