Walt Disney chairman and CEO Bob Iger was paid $43.9 million for running the entertainment conglomerate in its most recent fiscal year, compared with $46.5 million in the prior year, according to a regulatory filing.
Iger's pay package in 2016 included a base salary of $2.5 million, stock awards and options worth $17.2 million and a $20 million incentive plan payment. The 16 percent drop in overall pay reflects a lackluster year for Disney stock price, which ended the year little changed as Wall Street fretted that cord cutting would slice into profit potential for ESPN and other cable holdings.
The pay for Christine McCarthy, who replaced James Rasulo as CFO on June 30, 2015, hit $10.1 million during the fiscal year; general counsel Alan Braverman received $11.2 million. Thomas Staggs left as Disney COO in May and left the company at the end of the fiscal year, and was paid $15.6 million before departing.