ENTERTAINMENT
January 18, 2013 | By Richard Verrier, Los Angeles Times
Robert Iger, chief executive of Walt Disney Co., got a big pay raise last year. Iger, 61, who also serves as chairman of the Burbank-based entertainment company, received total compensation valued at $40.2 million in the last fiscal year, a 20% increase over the prior year, according to a regulatory filing. The pay package included a bonus of $16.5 million, and $9.53 million in stock awards, in addition to $2.5 million in salary and nearly $4 million in other compensation, a filing with the Securities and Exchange Commission shows.
ENTERTAINMENT
August 8, 2012 | By Ben Fritz
After the coffee. Before wondering how to get the journalistic equivalent of Joss Whedon's Marvel deal. The Skinny: Last night I saw "The Dark Knight Rises" for the second time, and while it's still a great movie - I'm an admitted Nolan fanatic - let's just say that the less time you spend thinking about the villain's plot, the better. Today I woke up to a smorgasbord of media news, with headlines including Liberty spinning off Starz, blockbuster Disney earnings, and details on Ron Meyer's slow fade.
BUSINESS
March 29, 2012 | By Tiffany Hsu, Los Angeles Times
In a year when Bank of America Corp.'s stock plunged 58% and the company announced plans to lay off 30,000 employees, Chief Executive Brian Moynihan's compensation package more than quadrupled to nearly $8.1 million. Here's why: In 2011, the Charlotte, N.C., bank recorded $1.4 billion in profit after losing $2.2 billion the year before. So although the bank's compensation and benefits committee kept Moynihan's salary the same at $950,000, he landed $6.1 million in performance-reliant stock.
BUSINESS
March 14, 2012 | Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. is looking to bring some Marvel muscle to Disney theme parks. Disney Chief Executive Bob Iger told shareholders attending the annual meeting Tuesday in Kansas City, Mo., that the company has done preliminary design work that will one day lead to Marvel superheroes appearing in the theme parks along with Disney's other familiar characters. "We haven't announced anything yet," Iger said. "But we're working on some concepts. " When Disney acquired Marvel Entertainment Inc. for $4.3 billion in 2009, the Burbank entertainment company talked about incorporating the comic book giant's library of 5,000 characters throughout its various businesses.
BUSINESS
January 21, 2012 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. Chief Executive Bob Iger received nearly $31.4 million in total compensation last year, a 13.6% increase from 2010, according to a filing with the Securities and Exchange Commission. The board's compensation committee laid out the case for Iger's package, noting that 90% is tied to Disney's performance. It said the Burbank entertainment giant achieved record net income, revenue and earnings per share in fiscal 2011, and initiated a number of projects that would contribute to the company's' future growth — including expanding attractions at Disney theme parks in California, Florida and Hong Kong, and the joint venture to create a new park in Shanghai.
BUSINESS
October 7, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Bob Iger has signed a new five-year contract with the Walt Disney Co. that will keep him at the helm until 2015, when he will step down as chief executive and leave the entertainment giant the following year at age 65. In March, Iger will assume the additional role of chairman with the retirement of Disney's current board chairman, John E. Pepper Jr. Iger will serve in the dual capacity as chairman and chief executive for three years, until a...