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Disney Cuts Iger’s Future Pay by Millions Before Annual Meeting

March 4, 2019, 8:54 PM

Walt Disney Co., facing criticism over excessive pay packages, cut tens of millions of dollars of future potential earnings for Chief Executive Officer Bob Iger.

The move, disclosed in a regulatory filing Monday, comes days before the company’s annual meeting, where investors are set to vote on the entertainment giant’s executive compensation program. Disney didn’t provide a reason for the planned reduction, the second change to Iger’s pay in four months.

Iger’s target annual compensation will be cut 28 percent to $35 million after Disney completes a deal to acquire assets from Rupert Murdoch’s 21st Century Fox Inc., according to ...