Darkbeer
01-28-2003, 06:18 PM
Disney Awards Bonuses To Top Executives (http://sg.biz.yahoo.com/030129/72/36x09.html) - Dow Jones, 1/28/03
QuikQuote: Despite its woeful stock price and continuing earnings slump, Walt Disney Co.'s board granted Chairman and Chief Executive Michael Eisner a $5 million restricted stock bonus for fiscal 2002 and awarded both restricted stock and cash bonuses to other top executives.
Disney President Robert Iger, meanwhile, was paid a $3 million bonus and granted $1 million in restricted stock, on top of his $1 million salary. Mr. Iger was also awarded 1.75 million Disney options, priced at $21.05. Chief Financial Officer Thomas Staggs and Chief Strategic Officer Peter Murphy both received $750,000 bonuses, and $425,000 restricted stock awards, to go with their $700,000 salaries.
QuikQuote: Despite its woeful stock price and continuing earnings slump, Walt Disney Co.'s board granted Chairman and Chief Executive Michael Eisner a $5 million restricted stock bonus for fiscal 2002 and awarded both restricted stock and cash bonuses to other top executives.
Disney President Robert Iger, meanwhile, was paid a $3 million bonus and granted $1 million in restricted stock, on top of his $1 million salary. Mr. Iger was also awarded 1.75 million Disney options, priced at $21.05. Chief Financial Officer Thomas Staggs and Chief Strategic Officer Peter Murphy both received $750,000 bonuses, and $425,000 restricted stock awards, to go with their $700,000 salaries.