Walt Disney Nominates 12 to Board of Directors, Says CEO Iger's Compensation Doubled in 2023
17 January 2024 - 10:18AM
Dow Jones News
By Sabela Ojea
Walt Disney recommended shareholders vote for its 12 nominees to
the company's board of directors and said Chief Executive Robert
Iger's total compensation doubled in fiscal 2023.
The company nominated Chairman Mark Parker to the board, as well
as Mary Barra, Safra Catz, Amy Chang, Jeremy Darroch, Carolyn
Everson, Michael Froman, James Gorman, Robert Iger, Maria Elena
Lagomasino, Calvin McDonald, and Derica Rice.
The company didn't nominate for reelection Francis Desouza, a
director since 2018 and former chief executive officer at Illumina
Inc., and instead nominated Gorman. DeSouza hadn't planned to stand
for re-election at the next annual shareholder meeting, Disney had
said.
The entertainment company on Tuesday said its director
candidates are experts in implementing strategic priorities.
For the fiscal year ended in September Iger's compensation
totaled $31.6 million, up from $15 million a year ago, mainly due
to stock awards, the company said in a separate Securities and
Exchange Commission filing.
Iger returned to Walt Disney in November of 2022 after serving
as CEO and Chairman from 2005 to 2020, and then as executive
chairman and chairman of the board through 2021.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 16, 2024 18:03 ET (23:03 GMT)
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