Walt Disney Co. Chief Executive Robert A. Iger commanded a 35% jump in salary and bonuses in 2010, rewarding what the board of directors' compensation committee called his "exceptional performance" in the face of a slow-recovering U.S. economy.
Iger's salary and bonus reached nearly $16.3 million, up from $12 million a year earlier. His total compensation, including equity awards, reached $28 million, according to the company's proxy filed Friday with the Securities and Exchange Commission.
The board's compensation committee said Iger managed to deliver a strong financial performance for the company. It noted that three of Disney's cable channels — Disney Channel, ESPN and ABC Family — delivered record ratings, and two movies, "Alice in Wonderland" and Pixar Animation's "Toy Story 3," reaped $1 billion in global box-office receipts.
The labor union representing hourly workers at the Disneyland Resort hotels has taken issue with Iger's pay and bonuses and has attempted to give Disney shareholders a greater voice in executive compensation.