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Stock impact report

Disney's Iger may have missed his shot at $60 million bonus [MSN Money]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: MSN Money
© Bloomberg Bob Iger (Bloomberg) -- Walt Disney Co. Chief Executive Officer Bob Iger could miss out on a $60 million cash bonus. Disney posted $15.7 billion of segment operating income for the year ended Sept. 29, adding up to $73.9 billion over the past five years, falling short of targets tied to the payout. Load Error Disney granted him the bonus opportunity in 2014 as part of a contract extension. The CEO would receive part of the award if total adjusted operating income for the period exceeded $76 billion, and the full amount if it reached $78.3 billion. There’s still a chance he will get a sliver, or even a chunk, of the bonus. The board has reserved the right to adjust the five-year total to exclude acquisitions and divestitures that have put a drag on operating income, to ensure Iger, 67, wouldn’t be discouraged from making such moves. Disney hasn’t yet disclosed if any such adjustments will be made. Any payout under the plan would add to what may be Show less Read more
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