Iger has been richly rewarded: On top of one of the fattest CEO pay packages in the U.S., he is also sitting on hundreds of millions of dollars of Disney stock.
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. Since he has worked at the company since 1996, all of this has added up.
He’s been well compensated since becoming CEO in 2005. During Iger’s first full year as CEO, he made , 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 of 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.
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 record after record at the box office thanks to the acquisitions of 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 in the U.S. as the gap between the super-wealthy and the country’s poorest has grown wider. Iger is not alone in received outsize pay: 13 public company CEOs make the pay of the typical employee at his or her company, according to a report from MyLogIQ, including Starbucks CEO Kevin Johnson and Coca Cola CEO James Quincey.
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