Disney CEO's pay shrinks in 2013

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Associated Press

Posted on December 23, 2013 at 8:00 PM

Updated Monday, Dec 23 at 8:02 PM

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.

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