Media

Disney CEO Iger Makes $65 Million

RinoCdZ / Getty Images

Robert A. Iger has been the CEO of Walt Disney Co. (NYSE: DIS) since 2005. Over that period, Disney’s cable, TV and film businesses have changed the face of the company, and shareholders have been richly rewarded. Iger was rewarded as well last year. His pay package reached $65.6 million. It will make him one of the highest paid CEOs in America for 2018, if CEO compensation for large public companies in the past is any indication.

Iger has been an M&A machine, buttressing Disney’s core businesses. He bought Pixar in 2006 for $7.4 billion, Marvel for $4.0 billion in 2009 and Lucasfilm for $4.1 billion in 2012. His latest deal will completely transform Disney and sharply increase its size. He engineered the buyout of most of 21st Century Fox for $71.3 billion, which will make Disney even a greater force in film and cable. He also has changed the way Disney approaches media distribution. He will move much of Disney’s video to a platform that will compete with Netflix Inc. (NASDAQ: NFLX). Disney will take most of its sports and entertainment off Netflix and run them through the new service.

In Disney’s most recent fiscal year, which ended September 29, its revenue rose 8% year over year to $59.4 billion. The bottom line rose 40% to $12.6 billion. Iger said at the time:

We’re very pleased with our financial performance in fiscal 2018, delivering record revenue, net income and earnings per share. We remain focused on the successful completion and integration of our 21st Century Fox acquisition and the further development of our direct-to-consumer business, including the highly anticipated launch of our Disney-branded streaming service late next year.

They were big numbers, and he was paid well to produce them.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.