by Christopher Freeburn | December 24, 2013 10:05 am
Though 2013 was a good year for Disney (DIS) stock, Disney CEO didn’t get a boost in his annual compensation.
In fact, regulatory filings from the media giant indicate that Disney CEO Bob Iger’s total pay fell 7% during the year. The Disney CEO was paid a total of $34.3 million for 2013. That’s 7% less than the $37.1 million he received in 2012, the Associated Press notes.
As Disney CEO, Iger receives a salary of $2.5 million. The cash bonus paid to the Disney CEO fell by $3 million this year.
Lower pay for the Disney CEO comes despite the solid performance of DIS stock, which is up more than 40% since the beginning of the year. The regulatory filings noted that DIS stock failed to rise as high above the company’s own targets as it did in 2012. The lower rise accounts for the cut to pay awarded to the Disney CEO.
The Disney CEO also say his pension value shrink.
Shares of DIS stock rose modestly in Tuesday morning trading.
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