Disney’s Iger Faces Criticism of Pay, Even After Leaving CEO Job

Bob Iger may not be Walt Disney Co.’s chief executive officer anymore, but criticism of his pay persists.

Three shareholder-advisory firms are urging investors to reject Disney’s executive-compensation plan at next week’s annual meeting, saying it isn’t justified by the entertainment giant’s performance and is out of line with what peers offer.

Bob Iger

Photographer: Qilai Shen/Bloomberg

CEO pay is a hot-button issue for shareholder advocates and politicians, and Iger has been a high-profile target. Though he handed the reins last week to one of his deputies -- theme-park division chief Bob Chapek -- Iger’s employment agreement will continue unchanged, the company said ...