Bob Iger's Disney Paycheck Is 20% Larger Thanks To 'The Avengers' and 'Star Wars'

Business Insider

Walt Disney CEO Bob Iger received a big raise for landing the Lucasfilm deal.   

SEC filings show Iger received a 20 percent raise in 2012, totaling $40.2 million.  

Last year, Iger's pay package was valued at $33.4 million, a 12.9 percent raise from the year before.  

Here's a break down of Iger's board package:  

  • The Mouse House CEO receives a base salary of $2.5 million
  • A performance-based cash bonus: $16.52 million
  • Stock and Stock Options: $17.3 million
  • Change in pension value: $3.1 million
  • $800,000 for airfare, security, and other perqs  

In the release, Disney said 92 percent of Iger's package was based on the company's financial performance of the past year.   

The board broke down how it calculates Iger's $16.5 million bonus.  Basically, Iger received a big pay bump because of the success of a cruise ship, Cars Land in California, "The Avengers," and landing the Lucasfilm deal.

"70% of the bonus is formulaically determined by the Company’s performance against four key financial measures approved by the Committee: operating income, adjusted earnings per share, after-tax free cash flow, and return on invested capital, each determined as described on page 32. The Company delivered excellent results in each of these measures in fiscal 2012.  

30% of the bonus reflected the Committee’s assessment of Mr. Iger’s strong leadership and vision in driving the Company toward the attainment of many significant long-term strategic goals including the launch of a new cruise ship, the opening of Cars Land at Disney California Adventure, the launch of a Disney Channel in a number of key emerging markets, and the renewals of several long-term affiliate agreements for our industry-leading cable networks and ABC. During the year, the Company also released Marvel’s The Avengers, which became the 3 rd -largest film of all time in global box office, demonstrating the significant long-term value created from the Marvel acquisition. Mr. Iger also led the Company’s negotiation to acquire Lucasfilm, which closed at the end of December."  

There's no doubt Disney's doing more than fine at the moment. 

The Lucasfilm purchase  will result  in the addition of at least three new Star Wars films

Disney's already powering ahead with "The Avengers 2" after the first film became the highest-grossing film of 2012 with  more than $1 billion at theaters . (And, Disney needed that  to make up for an expected $200 million write off on  "John Carter "  earlier last year.)

And, yes, even the parks are thriving. In Disney's Q4 earnings call, Iger and Chief Financial Officer Jay Rasulo said Cars Land in California helped the ailing California Adventure with a boost in ticket sales, two new areas opened in Hong Kong Disneyland, and the parks added the still-growing Fantasyland to Walt Disney World in March.  

All of this led to t he company stock jumping  33 percent  last year.

The only segment of Iger's empire that wasn't rolling in the cash last year was Disney Interactive. (They laid off 50 jobs back in September following a decline in year-over-year revenue.)  

However, even that's looking to make a turn around later this year after unveiling an ambitious gaming initiative earlier this month, Disney Infinity.  

SEE ALSO: Disney's plan to revitalize its long-suffering interactive brand >

More From Business Insider
View Comments