Here’s How Much Disney Will Pay Its New CEO Bob Iger

Bob Iger, who shocked the media world by returning as Disney’s CEO on Sunday, will once again be among Hollywood’s highest paid executives.

Iger will earn a base salary of $1 million upon taking over at Disney, according to a company filing filed with the Securities and Exchange Commission.

However, that compensation comes with an annual bonus of up to $1 million, as well as an annual incentive-based award with a target value of $25 million. That means Iger has the potential to raise around $27 million.

Iger’s term began on Nov. 20 and runs through Dec. 31, 2024, according to the document.

While $27 million is a lot of money, it’s less than the roughly $46 million he earned in total compensation when he left the company late last year.

Disney said late on Sunday that Iger, one of the most successful CEOs in the company’s history, would return to lead the media empire. It was an impressive development at Hollywood’s biggest company.

The announcement comes at a time of great evolution and scrutiny for Disney. The company is coming off a lackluster profit that has shown growth for its streaming ventures. However, this growth has come at a great cost.

Disney’s streaming business lost $1.5 billion in the fourth quarter. That news sent the company’s stock plummeting after a year of sluggish performance.

Iger is replacing Bob Chapek, who had a short but bumpy tenure as head of Disney after taking over at the start of the pandemic in 2020.

On Monday, Iger took his first steps as CEO in reorganizing Disney’s content distribution structure.

The executive said in a memo to employees that Kareem Daniel, president of Disney’s entertainment and media distribution unit, will be leaving the company.

As for that industry, Iger further notes in the memo that “no doubt the elements of DMED will remain, but I fundamentally believe that storytelling is what powers this company and is a core part of how we organize our business.”