Josh D'Amaro will become Disney's CEO on March 18, succeeding Bob Iger. His base salary is $2.5 million and he is eligible for an annual performance-based bonus of up to $6.25 million (250%) dependent on performance objectives. Disney granted him a one-time $9,705,000 long-term incentive award. For each fiscal year during his CEO term, Disney will grant a long-term incentive award with a target value of $26,250,000, subject to adjustment for performance and economic, financial, or market conditions. D'Amaro receives a relocation benefit and the standard executive officer incentive package. Dana Walden received a promotion with higher pay and incentives.
"D'Amaro's offer letter from Disney includes a base salary of $2.5 million. He's also able to get an annual performance-based bonus, which could earn him another $6.25 million a year (250%) - "dependent upon the achievement of performance objectives." Disney is also offering D'Amaro a one-time $9,705,000 "long-term incentive award." D'Amaro, who has been overseeing Disney's parks as experiences chairman, has a start date of March 18, when longtime CEO Bob Iger will step down."
"In addition to D'Amaro's base salary offer, he's entitled to a relocation benefit - since he'll need to move from Orlando back to California - and D'Amaro will also get an incentive package that Disney extends to executive officers. "For each fiscal year during Mr. D'Amaro's term as Chief Executive Officer, he will be granted a long-term incentive award having a target value of $26,250,000," Disney reported in an SEC document on February 3."
Read at Business Insider
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