Disney Slashed Iger's Pay—Calpers Still Gives It Thumbs Down
- Pension rejects CEO’s compensation plan after it was reduced
- Compensation was cut by $13.5 million ahead of annual meeting
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The largest pension fund in the U.S. still isn’t happy with Walt Disney Co.’s executive pay.
The California Public Employees’ Retirement System is opposing the company’s compensation plan at Thursday’s annual meeting and is voting against two board members who sit on Disney’s compensation committee, according to the pension fund’s website. On Monday, Disney said it reduced Chief Executive Officer Bob Iger’s future pay by $13.5 million a year.