Disney Cuts Iger's Take-home Check
Even the CEO of the Walt Disney Co. isn't protected against budget cutters, it turns out. After a dismal year at Disney's movie studio -- with the striking exception of Pixar-produced Up --a mediocre year at is ABC television network, and an unhappy year at its theme parks, where ticket prices were slashed, Robert Iger had his total compensation package cut 1.6 percent -- from 30.6 million a years ago to $29 million this year. Other top Disney executives saw similar reductions. Things might have been worse for them if the economy had been strong, the executive pay committee suggested. Instead their performance was judged against the backdrop of "one of the worst national and global economic downturns in the postwar era."