Announced a while back on DAPs Magic, Jay Rasulo’s contract had expired on January 31, 2015. His current position is that of senior executive VP and chief financial officer for the Walt Disney Company. According to Variety, he is still working for the company and still not on a contract.
It was announced by Bob Iger that the new chief operating officer would be Tom Staggs and not in fact Rasulo. With that position pending in January, it was no wonder Rasulo did not renew is contract. He was one of several candidates that would have been named in that position. Currently, Rasulo is the second highest paid employee behind Iger. In 2014 alone, he made $14 million.
When it came to selling his shares of the company, Variety gave the specifics on those numbers at the time of the cash out.
With Disney’s shares hovering near an all-time high, Rasulo’s bloc went for $106-$107 a share, according to the Securities and Exchange Commission paperwork. The filing said Rasulo still holds nearly 116,000 more shares either directly or through his 401(k). Disney’s last proxy statement reported that Rasulo also had the right to exercise options on up to 654,833 additional shares.
What are your thoughts on Rasulo’s future with the Walt Disney Company?