Disney CEO received $51.1M in compensation in 2008

[Tonto]

I wonder if they're going to ask for a bailout next...

Disney CEO received $51.1M in compensation in 2008

http://www.breitbart.com/article.php?id=D95OJM081&show_article=1


LOS ANGELES (AP) - The Walt Disney Co.'s chief executive, Robert Iger, received a compensation package worth $51.1 million in fiscal 2008, up 85 percent from a year earlier, but most of it came in stock options that are currently worthless, according to a regulatory filing made Friday.
Iger received the option to buy 3 million shares at $29.51 each on Jan. 31 last year when he agreed to a new five-year contract through 2013, the Burbank, Calif.-based company said in a filing with the Securities and Exchange Commission.
Those and other options, which were estimated to be worth $34.4 million when they were granted, are currently worth nothing because the shares closed Friday at $21.46.
According to the filing, Iger also declined a $2.4 million bonus related to total shareholder return. Disney shares have dipped 34 percent since the fiscal year ended Sept. 27.
"He thought it was the appropriate thing to do," said Disney spokesman Jonathan Friedland.
Over the fiscal year, the share price slipped 2.3 percent, to $32.75 from $33.52. Disney's annual revenue grew 7 percent to $37.8 billion while net profit fell 5.5 percent to $4.43 billion.
Iger received a salary of $2 million, non-equity incentive plan compensation of $13.9 million, and other compensation of $773,090, the filing said. The executive's other compensation included $107,897 for air travel, $645,368 for security and another $14,400 in reimbursements for such expenses as health club membership and annual physical exams.
The Associated Press' calculations of total compensation include salary, bonus, incentives, perks, any above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
They may vary from totals listed in the summary compensation table in the company's proxy filed with the SEC.

[Pete]

     Disney, as a company, was mentioned many times for profit margin comparison purposes during the crude oil fiasco this past Summer.  Many argued that oil companies were being greedy, yet refused to accept that Government taxation on this entity is excessive (to be put lightly). 

     Now, despite the global economic picture, it's Disney in the spotlight of being "greedy".  Why is it an entertainment industry should be allowed to make infinite profits and be subjected to minimal taxation?  Since when does Mickey Mouse fuel U.S. industries, such as manufacturing, transportation?  While I don't discount Disney's value in attracting revenue for U.S. Tourism, why aren't those who were calling for the heads of the oil companies screaming "foul" on this one? 

     Whether you're for or against free-trade, this is really a case of "having it both ways".

[tafdom]

I was blown away that they have a different / higher sales tax on Wallyworld property then the rest of the state.  How is that right?

[Skipper the cigar aFISHinodo]

     Disney, as a company, was mentioned many times for profit margin comparison purposes during the crude oil fiasco this past Summer.  Many argued that oil companies were being greedy, yet refused to accept that Government taxation on this entity is excessive (to be put lightly). 

     Now, despite the global economic picture, it's Disney in the spotlight of being "greedy".  Why is it an entertainment industry should be allowed to make infinite profits and be subjected to minimal taxation?  Since when does Mickey Mouse fuel U.S. industries, such as manufacturing, transportation?  While I don't discount Disney's value in attracting revenue for U.S. Tourism, why aren't those who were calling for the heads of the oil companies screaming "foul" on this one? 

     Whether you're for or against free-trade, this is really a case of "having it both ways".

unlike oil, you do not have to go to disney.

[Tonto]

     Disney, as a company, was mentioned many times for profit margin comparison purposes during the crude oil fiasco this past Summer.  Many argued that oil companies were being greedy, yet refused to accept that Government taxation on this entity is excessive (to be put lightly). 

     Now, despite the global economic picture, it's Disney in the spotlight of being "greedy".  Why is it an entertainment industry should be allowed to make infinite profits and be subjected to minimal taxation?  Since when does Mickey Mouse fuel U.S. industries, such as manufacturing, transportation?  While I don't discount Disney's value in attracting revenue for U.S. Tourism, why aren't those who were calling for the heads of the oil companies screaming "foul" on this one? 

     Whether you're for or against free-trade, this is really a case of "having it both ways".

unlike oil, you do not have to go to disney.

Try telling my kids that!   [lol]