Bob Iger rebuilt the Magic Kingdom—and it’s likely made him richer than a Disney heir by MadelinePBerg
last year according to Equilar , he’s not far off. Forbes estimates that his fortune is split nearly evenly between Disney shares, which typically make up a good deal of his compensation and bonuses, and cash or other investments from sales of Disney shares over the decades. Having worked at the company since 1996, all of this has added up.$22 million
, not including $2.9 million worth of stock options. Last year his salary was $39.3 million —still more than 850 times the median annual pay for a Disney worker. Iger was awarded another $26.3 million in stock after he agreed to stay on as Disney CEO through 2021 and because he closed the $71.3 billion Disney-Fox mega merger in March of this year. Thus to Disney, Iger’s sky-high salary is well deserved, a reflection of his value and the company’s strong financial performance.
Since Iger took the reins of the company in October 2005, Disney’s stock price has risen nearly five-fold from $24 to a high of $142, in large part thanks to his savvy decisions. Iger made ABC and Disney shows available on streaming platforms before rivals NBC and CBS did. Between , Disney has broken box office record after box office record thanks to the acquisitions of both Marvel and Lucasfilm.
The company clapped back at Abigail Disney’s Twitter tirade, saying that the starting hourly wage at Disneyland is $15—double the federal minimum wage—and that the company makes investments in the college and vocational education of its employees. After the tax reform bill passed, lowering its corporate tax bill, Disney paid 125,000 employees a one-time $1,000 bonus last year .
The spotlight on Iger’s salary is part of a larger conversation around pay inequality that’s been taking place across the U.S. as the gap between the super wealth and the country’s poorest has grown wider. Iger is not alone in received outsized pay: 13 public company CEOs make
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