Disney CEO Bob Iger is stepping down and replacements have been revealed: the brand new CEO shall be Josh D’Amaro and the president and chief artistic officer is Dana Walden.
Along with this information, we now know their salaries.
Hold studying to search out out extra…
Josh shall be paid $2.5 million as his annual base wage. Nevertheless, he has the chance to earn much more.
On the finish of every fiscal yr, he’s eligible for an incentive bonus of 250% of that base wage. As well as, for every year he serves as the corporate’s CEO, he’s set to get a long-term inventory incentive of $26.25 million, Selection stories.
He’ll additionally get a one time payout of $9.7 million that’s linked to this promotion.
Dana shall be getting a wage of $3.75 million and her bonus might be as much as 200% of that.
Her long-term inventory incentive on this position shall be $15.75 million for every year she holds the position. And she or he’s getting a one time payout of $5.26 million tied to the position.
When you issue within the bonuses, Josh‘s wage could possibly be round $38 million whereas Dana‘s is at round $24 million.
“Josh D’Amaro is an distinctive chief and the best individual to turn into our subsequent CEO,” Bob Iger mentioned in an announcement. “He has an instinctive appreciation of the Disney model, and a deep understanding of what resonates with our audiences, paired with the rigor and a spotlight to element required to ship a few of our most formidable tasks.”
“His skill to mix creativity with operational excellence is exemplary and I’m thrilled for Josh and the corporate,” he added.
Josh will take over the position on March 18.