Disney’s No. 2 exec to earn higher base pay than – Business News
The longtime exec tapped as Walt Disney Company’s No. 2 is reportedly set to earn a base wage that’s 50% higher than her boss’ — a transfer that’s meant to blunt the sting of being handed over for the highest job.
Dana Walden, who served as co-chair of Disney Entertainment prior to the company’s succession announcement final week, will reportedly earn $3.75 million in base pay — higher than that of Josh D’Amaro, the manager chosen over her for the CEO position.
D’Amaro, who has led Disney’s theme parks and experiences unit underneath outgoing chief govt Bob Iger, will obtain a base wage of $2.5 million, although his complete compensation bundle — pushed largely by performance-based incentives — is set to exceed Walden’s, in accordance to Fortune.
Dana Walden (left), who served as co-chair of Disney Entertainment prior to the company’s succession announcement final week, will earn a base wage of $3.75 million — higher than that of Josh D’Amaro (proper). by way of REUTERS
Walden’s compensation bundle is structured to prioritize assured pay and retention.
In addition to her $3.75 million base wage, she obtained a one-time stock award valued at $5.26 million and is eligible for an annual bonus value up to 200% of her base pay.
She can also be slated to obtain $15.75 million per yr in long-term stock awards, bringing her recurring annual goal compensation to about $27 million, excluding the one-time grant.
D’Amaro’s pay, against this, is way more closely weighted towards performance-based incentives and long-term equity.
Alongside his decrease $2.5 million base wage, the incoming CEO is eligible for an annual bonus of up to 250% of his base pay and can obtain about $26.2 million per yr in long-term stock incentives.
His annual goal compensation totals about $35 million, excluding a separate one-time equity award of roughly $9.7 million tied to his promotion.
D’Amaro will succeed Bob Iger, who will step down formally subsequent month. Getty Images for Disney
Though Walden’s base wage eclipses her boss’s, the construction in the end preserves a conventional hierarchy, with the CEO retaining the bigger complete pay bundle — and the higher long-term upside.
The Post has sought remark from Disney.
D’Amaro, a practically three-decade Disney veteran, was extensively seen by the board as a regular operator with deep institutional information and a confirmed monitor report working the company’s most profitable companies.
Walden was extensively thought to be a formidable inner candidate, prized for her deep relationships throughout Hollywood. Andrew H. Walker/Shutterstock
As head of Disney’s parks, experiences and shopper merchandise division, he oversaw the phase that has generated the majority of Disney’s working income in recent times, navigating post-pandemic demand and large-scale capital expansions.
Walden was extensively thought to be a formidable inner candidate, prized for her deep relationships throughout Hollywood and her stewardship of Disney’s tv and streaming companies.
But one report cited sources as saying that Walden’s close, decades-long relationship with former Vice President Kamala Harris (*2*)might have weighed towards her within the ultimate determination.
One report cited sources as saying that Walden’s relationship with ex-Vice President Kamala Harris might have damage her possibilities of getting the CEO place.
Sources advised Variety that Disney honchos expressed concern that elevating her to CEO may have put Disney within the Trump administration’s crosshairs.
A Disney source pushed back on the declare, calling it “completely false” and “uninformed speculation from people who weren’t involved in the decision.”
