Disney cuts Iger's pay by 15%; nominates Dorsey to board

|By:, SA News Editor

Disney (DIS) has cut the compensation of CEO Robert Iger for 2013 by 15% to $34.3M, as the company's outperformance wasn't as good as it was in 2012.

Iger's package includes an unchanged $2.5M in basic salary, $8.8M in stocks, $8.48M in options, and a bonus of $13.6M.

Disney has also elected Twitter co-founder and Square CEO Jack Dorsey to its board, with the appointment set to be voted on at Disney's annual meeting in March. At age 36, Dorsey is the company's youngest board member by some measure. Existing director Judith Estrin will retire. (PR)