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Both Bob Iger and Bob Chapek received huge pay boosts in 2021, with Disney’s top men pulling in a staggering US$74.8m between them last year
Tom Anstey | Planet Attractions | 21 Jan 2022
Bob Iger (left) left his role at Disney at the end of 2021, while Bob Chapek (right) is the company’s current CEO Credit: Disney
Both Bob Chapek and Bob Iger more than doubled their salaries in 2021 with the company executives taking home a combined US$74.8m (€66m, £54.9m) in earnings last year.
Revealed in Disney’s most recent SEC filing ahead of the annual shareholder meeting on March 9, Chapek’s pay rose from US$14.2m (€12.5m, £10.4m) in 2020 up to US$32.5m - an increase of US$18.3m (€16.15m, £13.4m) year-on-year.
Chapek’s earnings were broken down over several income streams. US$2.5m (€2.2m, £1.8m) was given to the Disney CEO in salary - an increase of US$700,000 (€618,000, £513,000) from US$1.8m (€1.6m, £1.3m) in 2020. In addition, Chapek received US$10.2m (€9m, £7.5m) in stock awards, US$3.75m (€3.3m, £2.75m) in option awards, and a further US$14.33m (€12.65m, £10.5m) in non-equity incentive compensation.
“Looking back over the past year, I am incredibly proud of the work our management team, our business leads and our broader workforce delivered, executing our strategy and fulfilling our mission of entertaining, informing and inspiring people around the globe,” said Chapek.
“Our parks, experiences and products business, which has been the most extensively impacted by the pandemic, showed improvement in fiscal 2021 driven by the reopening of our parks and resorts and investments in sophisticated technology and tools to expand our services. We have put into action many new guest-centric services and were able to introduce exciting attractions that have been in development over the past several years. These developments, combined with the continued growth of our DTC (direct-to-consumer) offering, will further provide our guests and consumers with streamlined access to new, immersive storytelling experiences.
“We’re excited about the many opportunities ahead for our businesses and employees, and look forward to creating even more magical experiences for our guests and consumers.”
Outgoing executive chairman, Bob Iger - who left Disney as of December 31, 2021 - earned the most among named executives, with his total pay also more than doubling - rising by US$24.9m (€22m, £18.3m) to US$45.9m (€40.5m, £33.67) in 2021 from US$21m (€18.53m, £15.4m) in 2020.
“The impact Bob had during his time at the company is difficult to overstate,” said Susan Arnold, Disney’s new chairman as of January 1.
“During his tenure as CEO, Bob initiated the Company’s DTC efforts; expanded our geographic presence including opening our first theme park and resort in mainland China; and furthered Disney’s rich history of storytelling through landmark acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox.
“Bob carried the same level of dedication into his role as executive chairman, where he oversaw Disney’s creative endeavours, providing audiences with engaging stories and compelling characters.”
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