Disney CEO's Pay Package Decreases 7 Percent

, Daily Business Review

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DisneyMickey

Disney CEO Bob Iger's pay package shrank 7 percent for 2013, despite the entertainment company's strong financial performance during the year.

Iger received compensation valued at $34.3 million for the year, down from $37.1 million last year.

His compensation fell because the Walt Disney Co. didn't exceed internal goals by as much this year as it did in 2012, according to a company regulatory filing made Monday. Earnings at the Burbank, Calif. company rose 8 percent to $6.1 billion in fiscal 2013 after surging by 18 percent in the previous year.

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