As disclosed in the company’s annual proxy report earlier this week, Disney CEO Bob Iger has seen his total pay rise to an incredible $41.1 million in fiscal 2024, up 30% from $31.6 million in the previous year.
The succession process at Disney is gearing up ahead of the December 31, 2026 expiration of Iger’s contract. The company has said his successor, drawn from a pool of four internal candidates as well as outsiders, will be selected by early 2026.
Hugh Johnston, the longtime PepsiCo exec who became CFO of Disney in December 2023, made $24.5 million last year. Horacio Guttierez, Disney’s Senior EVP and Chief Legal and Compliance Officer, took home $15.8 million, an increase from $11.6 million in fiscal 2023.
Iger’s package, as is the case with many top execs across media and tech, is weighted toward performance-based incentives, with $1 million of the total accounted for by his base salary. About $18.3 million of his pay came in the form of stock awards, $12 million was option awards, $7.2 million in non-equity incentive plan compensation and $2.1 million classified as “other.”
Disney’s fiscal year ended September 28, 2024.
Image: Axelle/Bauer-Griffin/FilmMagic
