Bob Iger, the CEO of the Walt Disney Company, suffered a 17% year-over-year decline in his salary for 2017, earning just $36.3 million. It is the smallest compensation package he has received since 2013.
But like every Disney fairytale, the story of Iger’s salary has a happy ending. Thanks to Disney’s $52.4 billion acquisition of 21st Century Fox, Iger will be granted a bonus of 245,098 shares of Disney stock. Those shares are currently valued around $27.5 million.
Further, he is entitled to an additional 687,898 performance-based shares of stock that are subject to the completion of the Fox deal and meeting certain financial targets. That bonus is worth at least $77.3 million and will vest in 2021.