Disney amended its compensation agreement with CEO Bob Iger on Monday, reducing his overall opportunities for bonuses in the company's $71 billion deal to merge with Fox's media operations.
div > div.group > p:first-child"> The House of Mouse amended its pay agreement with Iger, reducing his possible total bonuses based on the timely closing of the company's $71 billion deal to merger with Fox's media operations.
The company did not provide a reason for the change. However, the reduction comes a few months after Disney increased the targets Iger must meet in order to collect his performance bonuses, a move to placate shareholders who pushed back against the CEO's salary last March. "The board accepts the result of today's non-binding vote and will take it under advisement for future CEO compensation," Aylwin Lewis, chair of the board's compensation committee, said in a statement at the time.
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