Darkbeer
10-06-2005, 09:45 PM
http://www.nytimes.com/2005/10/07/business/07disney.html
QuikQuote: Robert A. Iger, who took over as the Walt Disney Company's chief executive on Saturday, will earn $2 million a year in salary and is eligible for a yearly bonus of about $7.25 million as long as the company meets certain performance standards, according to federal documents filed today. Mr. Iger also agreed to remain as chief executive until 2010.
The $7.25 million bonus figure is a target amount. The actual payment could be more or less based on performance. It will be paid in either cash or stock, as determined by Disney's compensation committee. Mr. Iger is also eligible for a long-term incentive award in either restricted stock units or options. That amount has a targeted value of no more than $8 million, or four times his annual salary. Mr. Iger's bonuses and awards are based on the company's exceeding certain standards, including how the share value fares against the Standard & Poor's 500-stock index as well as internal goals.
QuikQuote: Robert A. Iger, who took over as the Walt Disney Company's chief executive on Saturday, will earn $2 million a year in salary and is eligible for a yearly bonus of about $7.25 million as long as the company meets certain performance standards, according to federal documents filed today. Mr. Iger also agreed to remain as chief executive until 2010.
The $7.25 million bonus figure is a target amount. The actual payment could be more or less based on performance. It will be paid in either cash or stock, as determined by Disney's compensation committee. Mr. Iger is also eligible for a long-term incentive award in either restricted stock units or options. That amount has a targeted value of no more than $8 million, or four times his annual salary. Mr. Iger's bonuses and awards are based on the company's exceeding certain standards, including how the share value fares against the Standard & Poor's 500-stock index as well as internal goals.