Disney CEO’s pay falls

Robert Iger received a smaller cash bonus in the recent fiscal year, but 2018 looks bright.

Iger, the chief executive of Walt Disney Co., saw his total compensation decline 17% in the recently concluded fiscal year to $36.3 million, according to the company’s latest proxy statement filed Friday to the Securities and Exchange Commission.

The drop from last year’s $43.9 million was due in part to a smaller cash bonus to Iger that Disney said was the result of an “absence of growth” in the fiscal year.

Iger, who is 66 and has extended his contract with Disney to 2021, received a base salary of $2.5 million, a performance-based bonus of $15.2 million and equitybased compensation (including stock options) valued at $17.3 million. His compensation also includes sums for personal air travel, security and matched charitable contributions.

Last year, Iger’s performance-based cash bonus totaled $20 million.

In November, Burbankbased Disney reported a disney’s appointing fourth quarter, with net income of $1.75 billion, down 1% from the yearago period. Revenue fell 3% and the company failed to meet analysts’ expectations. Weak results at ESPN were blamed for the miss.

Still, Disney saw another banner year at the box office with hits such as the live-action “Beauty and the Beast” and “Star Wars: The Last Jedi.” The company is again expected to dominate the annual box office among the major Hollywood studios.

Disney announced last month a deal to acquire the majority of the assets of 21st Century Fox The $52.4-billion deal is the largest in DisRobert history and expected to better position the entertainment giant as it plans to launch two streaming services in 2019 to compete with Netflix and Apple.

Disney also said Friday that Twitter CEO Jack Dorsey and Facebook chief operating officer Sheryl Sandberg will be leaving the board of directors.

“Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to Board matters,” Disney said in a statement.

Drew Angerer Getty Images DISNEY executive Robert Iger, pictured at center right, received $36.3 million in compensation for the recently ended fiscal year. He got a smaller cash bonus for what the company called an “absence of growth.”