According to Disney, slow growth led to CEO Bob Iger’s pay to go down by $1 million in 2016, though his pay still stood at a whopping $43.9 million. His base salary of $2.5 million did not change, but his cash bonus was decreased substantially.
The document released on Friday said, “Over 90% of Mr. Iger’s target annual total direct compensation depends on the company’s financial results and the performance of Disney stock.”
Iger was given credit, however, for “outstanding leadership” by bringing back the Star Wars franchise and opening a Disney resort in Shanghai.
It’s first net drop since 2011, shares of Disney went down 0.8% in 2016.
As well as being CEO of Disney, Iger is Donald Trump’s pick for the position of economic adviser.
