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Disney CEO Got 7% Compensation Increase

Walt Disney President and Chief Executive Robert Iger received a 7 percent increase in total compensation in fiscal 2007, to $27.7 million, according to a filing with the U.S. Securities and Exchange Commission Friday.

Disney paid Iger a $2 million base salary, plus a $13.7 million bonus. The company expensed $7.9 million in stock awards and and $2.2 million in option awards for Iger during the fiscal year ended Sept. 30, the company's proxy showed.

Disney will hold its annual meeting March 6 in Albuquerque, New Mexico, the setting for the Disney Channel hit movie, "High School Musical."

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