Disney’s Bob Iger Compensation Hits $45.8 Million Amid CEO Succession Plans
Bob Iger’s 2024 Compensation reached $45.8 million
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Walt Disney Co.Chief Executive Bob Iger earned $45.8 million in compensation in 2024, an 11% increase from his $41 million compensation package in 2023.
Details of Iger’s Pay
Disney disclosed executive compensation packages on Thursday, January 23, 2025, as the board of directors prepares to select Iger’s successor. His contract is set to expire in December 2024. The increase reflects Iger’s performance during a period of strategic restructuring and financial recovery for the company.
Succession Planning Underway
Disney Chairman James Gorman emphasized the importance of succession planning in a letter to shareholders, stating that it “remains a top priority for the board, reflecting its importance to buisness continuity and long-term shareholder value.” The board’s succession committee has been evaluating potential candidates, and a final decision is expected soon.
Internal Candidates
Four internal candidates are currently being considered for the CEO position:
- Josh D’Amaro: Chairman of Disney Parks, Experiences and Products.
- Dana Walden: Chairman of Disney Television and streaming.
- Alan Bergman: Chairman of The Walt Disney Studios.
- Jimmy Pitaro: Chairman of ESPN.
Changes to the Succession Process
Disney’s board has streamlined the CEO selection process compared to the 2020 transition. A dedicated succession committee, led by James Gorman (formerly of Morgan Stanley), has been established. The committee also includes General Motors CEO mary Barra, Lululemon Athletica CEO Calvin McDonald, and Sir Jeremy Darroch, former head of Sky broadcasting in Britain.