Disney CEO Bob Iger earned 595 times the average Disney theme park worker in 2023

Jan 17, 2024 in "The Walt Disney Company"

Posted: Wednesday January 17, 2024 11:32am ET by WDWMAGIC Staff

In a recent Securities and Exchange Commission (SEC) filing, The Walt Disney Company disclosed its CEO-to-median-employee compensation ratio.

The report, in accordance with SEC rules, provides insights into the annual total compensation of Disney's Chief Executive Officer (CEO), Bob Iger, in relation to the total yearly compensation of the company's median employee.

The SEC filing confirms that the CEO-to-median-employee compensation ratio for Disney stood at 595:1 for fiscal year 2023. This means that Iger's total annual compensation was 595 times greater than that of the median Disney employee.

The methodology to identify the median employee involved reviewing the annual base salary of the global workforce as of September 29, 2023, and the median base salary was determined to be $54,010.

In contrast, Iger, who held the position of CEO since November 20, 2022, reported a total annual compensation of $32,123,717.

To arrive at the CEO-to-median-employee compensation ratio, Disney annualized Iger's compensation, taking into account salary, stock awards, incentive plans, the company's contribution to health insurance premiums, equity grants, and change in pension value.

It's worth noting that the median Disney employee is described as working in a full-time hourly role within the company's parks division and typically has over twelve years of tenure with the company.

The 595:1 ratio may appear high, but it is comparable to other top CEOs. For example, Apple's Tim Cook received $63 million in compensation in 2023, and Apple says that the 2023 annual total compensation of its median compensated employee was $94,118. That equates to a pay ratio of 672: 1 between Cook and the median Apple worker.

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Smiley/OCDJan 19, 2024

At least he doesn’t star in his own commercials the way Tom Carvel did…Cookie Puss, Fudgie the Whale…

SirwalterraleighJan 19, 2024

Buffett still has one of the best stories ever…he liked Dairy Queen so much he bought it 😂

LilofanJan 19, 2024

That kind of diet is right up 93 years young Warren Buffett lifestyle alley of eating fast food and dairy queen on a regular basis. His take on that is he eats like a 6 year old kid which he says has the lowest death rates.

SirwalterraleighJan 19, 2024

Oh…Nelly is getting surly… He better not stop by a park and get a Mickey bar…Bob left standing orders to have a few made with antifreeze subbed for the milk

SirwalterraleighJan 19, 2024

She said some crazy @$$ bleep not too long ago… Elon gets away with being a kook because he happens to be like the richest dude…ever…

TraumaJan 19, 2024

John park hopperJan 19, 2024

Come on Bob 595---- let's hope you can hit 600 in 2024 and I'm not talking baseball.

LilofanJan 18, 2024

Execs are very good at reinventing themselves and many critics have the attention span of less than a goldfish - 8 seconds.

MR.DisJan 18, 2024

I was not talking about personal wealth, but that her status as an executive has been tarnished. Not going into rumors and innuendo.

LilofanJan 18, 2024

She sold off her Meta stock in 2022 - $1.8 billion. She's resilient especially after her first husband an accomplished exec of Survey Monkey died while falling off a treadmill in a hotel resort gym during a family vacation.

AylaJan 18, 2024

😂 She's worth 2+ billion dollars. She's fine.

MR.DisJan 18, 2024

Just saw where Sheryl Sandberg is leaving META. At one point she was highly thought to be in the running to take over Disney, but her fortunes have changed drastically.

MR.DisJan 18, 2024

One thing that should be demanded by who ever is picked to take over--Bob Iger needs to completely leave the premises. No honorary office, not even a small cubicle. All privileges gone. If it satisfies his ego, make a statute in his honor--say just outside one of the restrooms in one of the parks.

SirwalterraleighJan 18, 2024

Notice how that corresponds with his ego never wanting to leave either The guy “retired” and never even moved out of his office. A comp: Eisner turned in his keys, his office and his main gate a year early