After learning about the obscene pay of Viacom’s top honchos, it saddens me to report that Disney’s CEO Bob Iger is barely managing to eke out a living. According to the Associated Press, the Disney Company awarded him only $28 million in 2010, or $55 million less than Viacom’s Philippe Dauman.
Iger’s compensation breaks down as following: a base salary of $2 million, a performance-related bonus of $13.5 million, and stock options valued at $11.8 million. The hard-luck Disney chief also earned $798,433 in additional compensation including use of company aircraft and security-related costs. His compensation package was attributed to a 24 percent in Disney’s share price at the end of the company’s fiscal year on October 2. Also, Disney’s fiscal 2010 net income rose 20 percent to $3.96 billion and revenue grew 5 percent to $38.06 billion. Click here to download the 118-page PDF of Disney’s SEC filing.