Bob Iger’s Compensation Topped $31 Million For FY23; Disney Urges Shareholders To Support Its Board Nominees As Activists Circle

Disney CEO Bob Iger’s compensation totaled about $31.6 million for the company fiscal year ended Sept. 30. It includes most of the year. Iger returned to lead Disney in late November of 2022.

In a preliminary proxy statement filed with the SEC this afternoon, Disney also alerted shareholders to an upcoming annual meeting but didn’t provide the date, which will be forthcoming. The event looks set to be the scene of a proxy battle as two activist investors are trying to get outside director on the board.

Disney said in the filing and separate press release that it does not endorse the nominations of Nelson Peltz and James Rasulo put forth by Trian Fund Management, led by Peltz and backed by Isaac Perlmutter.

Nor does it endorse, Disney said, the nominations of Craig Hatkoff, Jessica Schell and Leah Solivan put forth for election as directors by Blackwells.

The company’s slate for election includes Mary T. Barra, Safra A. Catz, Amy L. Chang, D. Jeremy Darroch, Carolyn N. Everson, Michael B.G. Froman, James P. Gorman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker, and Derica W. Rice.

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