Walt Disney Co. Chief Executive Bob Iger saw his paycheck increase in 2011, according to the Los Angeles Times’ Company Town blog.
Iger received about $31.4 million in compensation in 2011, marking a nearly 12% jump from the previous year, the story reports.
His pay was tied to Disney’s performance, with the company’s compensation committee noting that Disney achieved record net income, revenue and per-share earnings in its fiscal 2011, the story notes.
Disney also said it will keep a smaller board of 10 people, following the October death of former board member and Apple co-founder Steve Jobs, the story says. That signals that Disney won’t replace Jobs on the board, the piece notes.