katzenberg-china katzenberg-china

Executive Pay at DreamWorks Animation Was Up in 2012

Whew, for a second there, we were worried that DreamWorks Animation was struggling, but if their executive pay is any indication, they’re doing just fine. The Hollywood Reporter reports that executive pay at DreamWorks rose significantly in 2012.

Jeffrey Katzenberg’s compensation rose 31% from $4 million to $5.24 million. Katzenberg, who has typically taken a $1 annual salary and has waived option awards in the past, still earns a pittance compared to other major media honchos, like Viacom’s Philippe Dauman who took home $33.45 million last year and Disney’s Bob Iger whose pay package totalled $37.1 million.

The same Reporter article also offered numbers on other DreamWorks execs:

As for other executives at the company, COO Ann Daly’s compensation increased from $3 million to $4.6 million and CMO Anne Globe’s compensation was upped from about $2.3 million to $2.8 million. Losing out was Lewis Coleman, president and CFO, whose compensation package decreased from $3.7 million to under $3.2 million.

  • At least he wore gloves: the poor Panda might’ve caught somthing.

  • looniinmiami

    I for one don’t see the bad in this. For executives, they really aren’t making that huge a sum.

    • Are you kidding me!?

      • jordan reichek

        well, to a certain degree, you have to get the big picture here.

        jeffery k’s salary is smaller in that he’s compensated elsewhere as a major stockholder in the company….the other top execs as well.

        you can take the tack that the nature of any exec taking a salary is bad OR you can look at this as one company where the top execs really have a stake in their company and see to it that they do well when the company does well.

        unlike many of animation’s top corporate studios, i see DreamWorks as the standout as far as being led by genuine believers…almost a family run business.

        there’s far more companies out there with corporate mercenaries in their upper brass who draw huge salaries, take no risks and then bleed the life out of a studio, only to parachute to their next position by the time the shit hits the fan. to me, this has the single, greatest culprit in the fall of the animation business since big studio heads such as Walt Disney.

        whether you like what DreamWorks management puts out or not, the one thing they cannot be accused of is lack of faith and loyalty to their company. the type of salaried compensation here shows that.

        • D. Harry

          Yeah, I always loved it when Jeffy would only take a $1 salary… ….but nobody mentions the tons of stock he is rewarded and backend, etc.!! What a swell guy! Walt would use a similar tactic if you came in and asked for a raise. He’d say “Milt Kahl isn’t even earning that much, and are you better than Milt Kahl?” and you’d slink out of the office feeling a fool, yet little did you know that Walt would give Milt a big fat bonus each year!

  • Floyd Norman

    I so love the animation business today. If you don’t write, draw, design or paint you’ll probably get rich.

  • Natalie Belton

    That panda’s giving Katzenberg the evil eye.

  • I don’t get this stigma today about people making money or lots of money. But when Bill Gates, Oprah, or a celebrity show their net worth its like “Oh they deserve it!” Seriously people John Lassieter is wealthy now cause he worked for where he is today, Walt Disney, Seth McFarlene etc. He may not be animating now but he sure did in his past. Personally I don’t want to be rich cause I don’t want to give up working on animated projects, it just won’t be fun anymore. But John, Walt, and others worked hard. You can down vote this comment all you want but I’m not going to let someone gross deter my self esteem. As I said I don’t need to be rich, but if others are rich then they most likely worked for what they have. Everyone isn’t a wall street banker.

    • MaskedManAICN

      I don’t think the issue is these people making tons of money. The issue is they make tons of money and layoff artists the second they can and ship as many jobs as possible over seas. One can’t help but think the money they earn was money they figured out how not to pay an artist.

    • The idea that ALL rich people worked hard for their money and deserve to keep every penny while the non-rich don’t work as hard is complete nonsense and is not in any way supported by evidence. Worrying about stigmatizing the wealthy few instead of worrying about the multitudes who have lost their jobs is a misplacement of concern. It is possible to have a win-win situation with the top guys making money and the guys at the bottom keeping their jobs. But the guys at the top aren’t satisfied making a living, they need to make a killing. Making a killing is a win-lose situation with the guys at the bottom losing their jobs. This is a particularly American sickness. Our priorities as a culture and a country are warped.

  • AmidAmidi

    Thanks for posting that. That’s not where I saw it, but appreciate the contribution.

  • Actually it goes deeper than just simple numbers. You forget that in America each state has taxes along with federal taxes hinge to each individual. Somewhere I read an American cost about 300,000 to about half a million. Now think about it. An average salary might be 60k but you have to look at taxes, and demands our government put on us. This whole stigma about people making millions are greedy is just plain wrong cause not all are. Until you’re working at payroll at these places you can’t clarify that if he could have just given up his money and people could have kept their jobs. The film industry always has been that way. Especially the American film industry. Just because those artist were laid off does not mean that its the end of they’re career. Animators aren’t just trained to animate they’re trained in different skills, so they could be laid off by dreamworks today but a few months from now they could be working as a storyboard artist at a smaller studio. You have to try and be a jack of all trades in the movie business, If you’re working on one project but not assigned to anther.

  • Welllll I stick by the theory that Dreamworks might have overextended itself with staffing in an effort to cram three films into one year at some point, and when they realized it was more then they could handle, they had to lay off people. Pixar by contrast I think simply avoids bringing in as many people at once, because while they’ve often toyed with the idea of putting out TWO films a year like Dreamworks, they seem to decide it’s too big a commitement and spread them out more, thus not having to take on as many as once.

    • Sam

      Corporate mega studios never stop conning themselves that it would be most desirable to pump out two or more wildly successful animated features per year. They well know why that is an unattainable goal yet they allow themselves to be seduced into chasing it every time, with the same resultant train wreck in lost profits and human lives. Or ‘human resources,’ as they like to call people.

  • OtherDan

    “As the cookie crumbles”. This headline isn’t even surprising anymore. We live in opposite world now: they should still be ashamed of themselves though.

  • z-k

    Junkies have to satiate the jones or run dry, don’t you know. Royalty can’t be seen in anything other than purple.