Disney Top Legal Officer Took Home Nearly $12 Million Last Year

The Walt Disney Co.’s chief legal officer Horacio Gutierrez received nearly $11.7 million in total compensation from the media and entertainment conglomerate last year, per a proxy statement filed late Tuesday.

Gutierrez, hired by Disney in December 2021 after serving as the top lawyer for Spotify Technology SA, earned more than $4.3 million in cash—including roughly $1.3 million in base salary and $3 million in non-equity incentive plan compensation—as well as about $7.2 million in stock and options awards.

Disney disclosed last month that Gutierrez’s employment contract had been extended through 2026, during which time he’s set to ...