Disney CEO Bob Iger's pay package shrank 7 percent for 2013, despite the company's strong financial performance for the year.
Iger received compensation valued at $34.3 million for the year, down from $37.1 million last year.
The Walt Disney Co. said in a regulatory filing Monday that his compensation fell because the company's results did not exceed internal goals by as much this year as they did in 2012. The shortfall cut $3 million from Iger's cash bonus. There was also a drop in the value of his pension benefit.
Iger's salary stayed steady at $2.5 million.
The AP's calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year.