Disney CEO Bob Iger Extends Contract Until 2018

bob-igerChairman and CEO of the Walt Disney Company, Bob Iger, has extended his contract for an additional two years. The newest contract will last through June 30, 2018.

According to Deadline, the succession plan of the company is still in question. The plan had been for Iger to step down as CEO sometime in mid 2015. With the extension, investors wonder if too much power is being given in this role for the amount of time in that position.

As for his compensation terms, nothing will be changed. Though he will still have a chance for a performance-based retention bonus if profits exceed the company’s financial goals.

Independent Lead Director Orin C. Smith said, “By setting a clear business strategy based on producing high-quality branded content, technological innovation and international expansion — and then over-delivering against that strategy — Mr. Iger has repeatedly proven himself to be a highly effective leader able to create long-term shareholder value. Since he became CEO in 2005, total shareholder return has increased to 311%, compared to just 92% for the S&P 500, and Disney’s market capitalization has risen to $150 billion from $48.4 billion.”

What is your take on the contract extension?

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest

Share your thoughts and comment!

amandaalva

amandaalva

Hello there, my name is Amanda Alva and I love all things Disney. Here on DAPs Magic I enjoy sharing tips on Disney Parks dining, Disney news and so much more. In addition to writing, I contribute to the DAPs Magic Instagram account. See you in the parks!

SUBSCRIBE TO DAPS MAGIC TODAY!

DAPS MAGIC YOUTUBE

MOUSEWAYS TRAVEL

GEEKS CORNER PODCAST

POPULAR POSTS

Top Posts & Pages
The History of the Candlelight Ceremony at Disneyland
Knott's Berry Farm Updates Policies for Face Coverings
Star Wars Actors Carrie Fisher, Ewan McGregor, and Ming-Na Wen to Receive Hollywood Stars
An Entertaining Week - DISNEY Reporter
The Return of the Disneyland Band Adds Extra Magic to Disneyland
Voice Cast for Disney and Pixar's Luca Revealed As Trailer is Released
Face Coverings Now Optional for Fully Vaccinated Walt Disney World Resort Cast Members Working Outdoors
The Hidden Secrets Behind the Locations of WandaVision