The board of the Walt Disney Company said CEO Rober Iger deserved to be the Lion King because 90% of his compensation was based on incentives he earned. The Burbank, Calif. entertainment giant reached record profits last year.
Based on SEC filings, Iger earned a base salary of only $2 million and stock awards of another $8 million, according to the Los Angeles Times. He also received $4.8 million in stock options and a $15.5 million bonus.
The Times also reported “Alan Braverman, Disney’s general counsel, collected total compensation of $6.9 million last year, an increase of 3% over 2010. Kevin Mayer, the head of strategic planning, saw a 15% cut in his total compensation, which dropped to $3.6 million for the year. The company’s chief financial officer, Jay Rasulo, received $9.9 million for the year, a gain of 2.5%.”