U.S. News

Disney Paid Iger $22 Million in 2006


Robert Iger, president and chief executive of Walt Disney , received $22 million in compensation last year, not including stock option grants, according to the company's annual proxy statement filed Friday.

Iger received a $2 million salary, a $15 million cash bonus and $660,935 for expenses related to air travel, car transport, and personal security, the company said in its filing to the Securities and Exchange Commission.

Iger, who clocked his first full year as CEO of the Burbank-based company since taking over for Michael Eisner in October 2005, also received a payout of about $4.3 million from his long-term incentive plan.

In addition, he got stock options valued at about $2.9 million, the proxy said.

His compensation excluding stock option grants compared with $10.2 million in 2005, the report said.

The highest-paid executive behind Iger last year was Chief Financial Officer Thomas Staggs.

He was paid more than $10 million in total compensation, including a salary of around $1.03 million, a bonus of $4 million in cash and $790,000 in restricted stock units, according to the filing.

Staggs also received a long-term incentive payout of about $4.3 million and $5,608 in other compensation. The executive also exercised 154,000 previously granted options for $1.09 million.

The company's annual shareholders meeting will be March 8 at the Ernest N. Morial Convention Center in New Orleans.