Disney reveals enormous $38M pay package for new CEO Josh D’Amaro

Disney reveals enormous $38M pay package for new CEO Josh D’Amaro

Disney’s new chief government Josh D’Amaro is ready to earn a $38 million pay package as he prepares to take over the House of Mouse from Bob Iger early next yr.

D’Amaro, the head of Disney theme parks, will earn an annual base wage of $2.5 million in addition to a one-time bonus of $9.75 million as soon as he takes over the helm, according to SEC filings.

Each yr that D’Amaro serves as CEO, he’ll obtain a long-term inventory incentive of $26.2 million in addition to an annual bonus of 250% of his base wage on the condition that he meets sure performance targets.

Disney’s new CEO Josh D’Amaro is ready to earn a $38 million pay package amid taking over from Bob Iger early next yr. VCG through Getty Images

D’Amaro is scheduled to formally take over as CEO next month.

Dana Walden, the Disney Entertainment co-chair who was widely perceived as the runner-up in the race to succeed Iger, will obtain a $24 million pay package as she assumes a newly created place of president and chief inventive officer.

Walden’s new contract contains an annual base wage of $3.75 million, a one-time award of $5.26 million and annual inventory grants valued at $15.75 million.

She will also be eligible for a bonus value as much as 200% of her base wage, together with a performance-based “hit series bonus” tied to the success of Disney originals.

Her contract runs by way of March 17, 2030.

Iger will step down as CEO on March 18 and assume the position of senior adviser. He will keep on the company’s board of administrators until Dec. 31 — after which he can be absolutely retired.

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