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Disney extends Iger's contract through June 2018

Oct. 02, 2014 2:07 PM ETThe Walt Disney Company (DIS) StockBy: Eric Jhonsa, SA News Editor4 Comments
  • Bob Iger, previously set to retire in June 2016, will remain Disney's (NYSE:DIS -1.1%) chairman/CEO for two years longer, under the terms of a contract extension.
  • The extension "maintains the same annual compensation terms" as Iger's existing deal, but includes "the opportunity to earn a performance-based retention bonus if certain financial performance goals are met over a five-year period ending with fiscal year 2018." Details will be provided in an 8-K tomorrow.
  • As it is, there had been speculation Iger, 63, would stay on board beyond 2016.

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