Iger to Receive $27 Million Yearly for Return as Disney CEO

WATCH: Disney says former chief executive officer Iger is returning as CEO effective immediately to succeed Chapek. Quicktake’s Alex Webb reports.Source: Bloomberg

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By Christopher Palmeri

November 21, 2022 at 9:34 PM UTC

Updated on

November 21, 2022 at 9:54 PM UTC

Walt Disney Co. will pay Bob Iger about $27 million annually for returning as chief executive officer under a new two-year deal.

Iger will receive a base salary of $1 million and a bonus equal to that amount, according to a filing by the company on Monday. In addition, he’ll receive stock awards with a target value of $25 million each year.