Over the years, there has been a lot of talk about Disney Chairman and CEO Bob Iger’s compensation. In 2018, Iger was paid $65.6 million, with a one-time stock grant of $26.3 million. In a securities filing that went public this weekend, it was revealed that Bob Iger cut his compensation 28% to $47.5 million in 2019.

In 2018, Disney shareholders express their displeasure with Iger’s compensation. At the time, Bob Iger was one of the highest-paid U.S. public company executives. Along with taking the cut to his compensation, he also denied a $5 million bonus that was granted to him under the previous employment contract. He also agreed not to collect to $500,000 pay raise and decreased his incentive award and bonus pools by $13 million.

In the past few years, Disney has reached heights never seen before. The 21st Century Fox deal closed in 2019, giving Disney access to many film and television properties that were not in the Disney wing before. This helped with the launch of the Disney+ Streaming Service, which took to fans homes with titles like Home Alone and The Simpsons. Disney also has seen multiple blockbuster films cross the $1 billion mark in theatrical releases, something less than 50 movies have ever done.

In 2017, Bob Iger announced that he would delay his retirement to 2021, as multiple big projects have come to fruition in the years since. It is unknown who is going to replace him as Disney Chairman and CEO, we know that his absence will definitely be felt in the Walt Disney Company as a whole.