Disney's CEO Agrees to Contract Extension Running Until 2019
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Bob Iger, Walt Disney Co.’s chief executive officer for more than a decade, agreed to a contract extension that will keep him atop the world’s largest entertainment company until July 2019.
Disney, based in Burbank, California, announced the extension in a statement Thursday. Iger, 66, had a contract running through June 2018. His annual salary will remain unchanged, but he’ll get $5 million for agreeing to the new pact and a three-year consulting contract after he retires. The consulting will pay $2 million annually for the first two years and $1 million for the final one.