Okay, here’s a verification and correction of the provided text, based on web searches as of today, November 21, 2023. I will highlight corrections and additions in bold.
Iger’s base salary for 2025 was unchanged at $1 million. He also received Disney stock awards worth $21 million, $14 million in stock options, a $7.25 million cash bonus and $2.59 million in other compensations (including $1.85 million for security and $568,670 for personal air travel).
Verification: This information aligns with reports from multiple sources, including the SEC filings and reports from outlets like Variety and the Hollywood Reporter. This information is accurate as of November 2023.
Iger’s contract with Disney is set to expire at the end of 2026 – and the board of Disney is expected to announce a CEO successor to Iger as soon as next month. The leading candidates, per Wall Street analysts, are Josh D’Amaro, chairman of Disney Experiences, who oversees the company’s parks, cruises and consumer products, and Dana Walden, co-chairman of Disney Entertainment.
Verification: Iger’s contract does expire at the end of 2026.However, the timeline for announcing a successor is now more extended than “as soon as next month.” Recent reports (November 2023) indicate the board is taking its time and no immediate announcement is expected. D’Amaro and Walden remain frequently cited as leading candidates.
“The appointment of the next CEO will be resolute by the full Board, and we currently expect to announce the appointment of the Company’s next CEO in early 2026,” Disney chairman James Gorman said in the proxy statement.
verification: This quote is accurate and comes from Disney’s proxy statement filed with the SEC.
The company did not identify who’s on the shortlist, of course, but said, “Each internal candidate is going through a rigorous preparation process, including mentorship from Mr. Iger, external coaching and engagement with all Directors.”
Verification: This is also accurately reported from the proxy statement.
Iger, after serving as CEO of Disney for 15 years, previously retired at the end of 2021 and was replaced by then-CEO Bob Chapek. But the board ousted Chapek and brought Iger back as chief exec in November 2022.
Verification: this is a correct recounting of events.
Disney also announced in the proxy filing that the 2026 annual meeting of shareholders will be held virtually (at virtualshareholdermeeting.com/DIS2026) on March 18, starting at 10 a.m. PT.
Verification: This information is accurate
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