LOS ANGELES, Jan 16 (Reuters) - Walt Disney Co President and Chief Executive Robert Iger received a 3 percent hike in total compensation in fiscal 2008, to $30.6 million, according to a proxy filed with the U.S. Securities and Exchange Commission on Friday.
The proxy also showed that director Steve Jobs, who took a six-month medical leave of absence from his post as Apple Inc chief executive, would stand for re-election at the annual board meeting on March 10 in Oakland, California. Jobs also is Disney's largest individual shareholder.
Disney paid Iger $2 million in base salary, plus a $13.9 million bonus during its 2008 fiscal year ended Sept. 26. The company expensed $7.76 million in stock awards and $5.9 million in option awards for Iger during the fiscal year, the proxy showed.
Disney shares fell 5.5 percent during the company's 2008 fiscal year but outperformed the Standard and Poor's index, which dropped by 18 percent during the same period.
The entertainment giant's share price has since dropped an additional 31 percent as the global economic downturn thrashed media sector shares.
In fiscal 2007, Iger received a 7 percent year-over-year rise in total compensation, to $27.7 million, according to last year's proxy.
(Reporting by Gina Keating, editing by Leslie Gevirtz) Keywords: DISNEY/PROXY (gina.keating@reuters.com; +1 213 955 6776; Reuters Messaging; gina.keating.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The proxy also showed that director Steve Jobs, who took a six-month medical leave of absence from his post as Apple Inc chief executive, would stand for re-election at the annual board meeting on March 10 in Oakland, California. Jobs also is Disney's largest individual shareholder.
Disney paid Iger $2 million in base salary, plus a $13.9 million bonus during its 2008 fiscal year ended Sept. 26. The company expensed $7.76 million in stock awards and $5.9 million in option awards for Iger during the fiscal year, the proxy showed.
Disney shares fell 5.5 percent during the company's 2008 fiscal year but outperformed the Standard and Poor's index, which dropped by 18 percent during the same period.
The entertainment giant's share price has since dropped an additional 31 percent as the global economic downturn thrashed media sector shares.
In fiscal 2007, Iger received a 7 percent year-over-year rise in total compensation, to $27.7 million, according to last year's proxy.
(Reporting by Gina Keating, editing by Leslie Gevirtz) Keywords: DISNEY/PROXY (gina.keating@reuters.com; +1 213 955 6776; Reuters Messaging; gina.keating.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.