Robert “Bob” Iger is one of the most influential figures in entertainment thanks to his position as the chief executive officer (CEO) of The Walt Disney Company. Iger has been with Disney for decades and the business executive returned for a second stint as the company’s CEO late in 2022. Following Iger’s return, Disney made several changes to its approach and plans in the media business.
Given Iger’s history with the company and return to the position of CEO, his performance has been under observation by media outlets and insiders. As a result, many must be curious to learn about Iger’s salary in 2023, a year after resuming the duties of CEO. If you are wondering whether Bob Iger earned more money in the first year of his second stint as CEO, here are the details of his salary for 2023.
Disney’s CEO Bog Iger Earned an Eight-Figure Sum in 2023
Bog Iger was first named the CEO of The Walt Disney Company in 2005, succeeding Michael Eisner in the role. Iger remained the company’s CEO until his contract eventually expired in 2020. Iger was replaced by Bob Chapek, but the former returned to the role of CEO in November 2022, marking the start of his second stint at the company.
A proxy statement filed by Disney with the U.S. Securities and Exchange Commission has now revealed Iger’s salary for 2023. As per the statement, Iger earned a net salary of $31.6 million in 2023. The CEO received a sum of $865,385 as his base salary. However, Iger’s pay package also included $16.1 million in stock awards and $10 million in stock-option awards.
Additionally, Iger received a $2.14 million cash bonus and $2.48 million in other compensation. Thus, Iger’s total income from Disney in 2023 totaled $31.6 million. Iger’s salary for 2023 has gone down from the reported $45.9 million figure he earned in 2021, during the final year of his first stint as CEO. Iger returned to the role after his successor, Bob Chapek, was dismissed from the role in November 2022.
Disney Earlier Extended Bog Iger’s Contract By Two Years
Bog Iger returned to spearhead affairs at Disney on an initial two-year contract. Iger’s second stint which started in November 2022 was expected to last until December 31, 2024. However, Disney announced that it had extended Iger’s contract in July 2023, adding another two years to his tenure. As a result, Iger is expected to remain in the top office until 2026.
“Time and again, Bob has shown an unparalleled ability to successfully transform Disney to drive future growth and financial returns, earning him a reputation as one of the world’s best CEOs.”
Disney Chairman Mark G. Parker made the above comment in the statement that announced Iger’s contract extension. However, Iger’s second stint is not without its own challenges as Disney announced massive layoffs in February 2023. Under Iger, the company decided to cut 7,000 jobs in a bid to make its streaming business profitable. The layoffs were expected to save Disney $5.5 billion in costs.
