Home Blockchain News Disney CEO Bob Iger is Poorer by $13.5 Million Despite Masterminding $71 Billion Fox Deal

Disney CEO Bob Iger is Poorer by $13.5 Million Despite Masterminding $71 Billion Fox Deal

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Disney’s merger with 20st Century Fox is set to continue as Disney alters its current agreement with Bob Iger, slashing his potential bonus by $13.5 million. While CEO Bob Iger helped orchestrate the deal between Disney and Fox, sidestepping Comcast in a major bidding war, his salary has been an issue of controversy since March. Bidding War and Merger Disney won a hard-fought bidding war against controversial telecoms giant Comcast last summer with Comcast dropping a $66 billion bid after being outbid yet again. Disney’s winning bid to merge with Fox came to $71.3 billion, and the two media corporations

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* First published on ccn.com

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