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Monday, January 21, 2013

Bob Iger Gets A Raise

The Two Guys Who Run The Walt Disney Company
A Disney Photo

I was fortunate last year - got promoted to a new position and also got a cost of living raise along with a little bit of a company performance bonus. Maybe the whole thing totaled out to 8 or 9 percent. Not bad considering the economy continues to spurt and stumble along. 

Bob Iger, the CEO of the Walt Disney Company got a raise last year too. He got a little more than I did. Bob's annual compensation package moved up from a little over $33 million a year to a bit over $40 million last year. Bob's raise was about 20%. Nice. It's also nice that Disney had one of its most successful years in recent memory with both profits and stock prices well up. The massive success of Cars Land and DCA, the huge box office receipts from the Avengers, and the purchase of LucasFilm Ltd were all feathers in Iger's cap which led to large deposits in the bank accounts.

Bob is set to gracefully exit Disney in 2015. Chances are he will not have to pick up a part time job as a greeter at Wal-Mart to make ends meet when he retires.

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