In the past fiscal year, Disney’s top executive, Bob Iger, earned a substantial pay package while spearheading cost-cutting initiatives, resulting in significant employee layoffs.
The head of Disney, Bob Iger, saw a considerable increase in his compensation last year as the company underwent extensive cost-cutting measures, which involved laying off thousands of employees.
According to a recent SEC filing, Disney reported that Iger’s total compensation for 2023 was nearly $31.6 million. This package comprised an $865,385 salary, $16.1 million in stock, and $10 million worth of options. This figure is more than double the $15 million Iger received in 2022 but still falls short of the $45.9 million he earned in his last full year of employment in 2021.
Since reclaiming the helm of Disney in late 2022, Iger has been on a mission to cut costs, particularly after ousting former CEO Bob Chapek. Under his leadership, the entertainment giant experienced multiple rounds of layoffs last year, affecting over 7,000 employees.
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