The Walt Disney Company's Jay Rasulo Still Not Working Under Contract

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.

In addition to not working under a contract, the article goes on to say that Rasulo had sold 115,000 shares of Disney last week. In terms that is around $12 million. jay-rasulo

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?

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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!

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