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Disney Details Iger’s Comp Plan; Eisner Steps Down from Board

Oct 6, 2005  •  Post A Comment

Walt Disney Co.’s newly installed CEO Robert Iger will receive a base annual salary of $2 million and receive a bonus of at least $7.25 million, according to the terms of his new employment contract, details of which were submitted to the Securities and Exchange Commission Thursday.

Meanwhile, Michael Eisner, the controversial head of the media giant who retired as CEO on Sept. 30, announced he has resigned from the Disney board. Mr. Eisner had been expected to stay on as a board member through the company’s 2006 annual shareholders meeting.