Disney Chairman and CEO Bob Iger’s 2019 compensation declined 28%, or more than $18 million, from the prior year.
He’ll be fine: Iger still pulled $47.5 million last year.
The year to year difference can be attributed to a massive 2018 bump in stock awards. That number came back down to earth for 2019.
Iger’s salary actually slightly rose for 2019, up from $2.875 million to $3 million. His stock awards, however, fell to $10.1 million compared with the massive $35.4 million he was awarded in 2018. In 2017, his stock awards totaled around $9 million.
The Walt Disney Company earned $10.4 billion in total net income during its fiscal 2019, which was down 17% compared with the $12.6 billion the company took home during fiscal 2018. Disney’s shares in the last 12 months have gained roughly 30%.
Disney’s movie studio had a record year in 2019, becoming the first studio ever to gross $10 billion at the global box office in a single year. The studio also had the five highest-grossing films of the year.