Iger to Receive $27 Million Yearly for Return as Disney CEO (1)

Walt Disney Co. will pay Bob Iger about $27 million annually for returning as chief executive officer under a new two-year deal.

Iger will receive a base salary of $1 million and a bonus equal to that amount, according to a filing by the company on Monday. In addition, he’ll receive stock awards with a target value of $25 million each year.

Disney, the world’s largest entertainment company, announced Sunday that Bob Chapek was stepping down as CEO immediately, to be replaced by Iger, who ran the company for 15 years prior to retiring in December 2021.

WATCH: Disney says former chief executive officer Iger is returning as CEO effective immediately to succeed Chapek. Quicktake’s Alex Webb reports.

Source: Bloomberg

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