Disney’s Investment in Education and Executive Compensation
While many know Disney for its exciting theme parks, characters, and entertainment, the company is also actively investing in employees and executives. Disney released its 2020 executive compensation numbers for Bob Iger and revealed its spending on staff education. With this comprehensive look at Disney’s investment in education and executive compensation, learn why the company is offering such support to its people.
Investing on Staff Education
Disney has always been known for its commitment to quality and its employees. The company is investing in staff education with an annual spending of $25 million for its workers. The idea is to offer employees additional skills that can help them both as professionals and in their personal lives. This has translated into Disney offering courses in leadership, communication, management, technology, foreign languages, and many more. Essentially, these courses provide employees a wide window to develop and grow.
Bob Iger’s Executive Compensation Numbers
Disney revealed its executive compensation numbers for the previous year, and the company surpassed the median of other companies in the S&P 100. Bob Iger, who served as Disney’s CEO since 2005 and is known for leading Disney’s pivot to an innovative content-making system, was rewarded with a total compensation of $47 million with a base salary of $3 million. Of the remaining, $10 million was in stock grants, and $33 million in bonuses and retirement services. The bonuses and retirement services were for Iger’s contribution to Disney’s success.
Conclusion
Disney has shown its commitment to its staff and executives. The company’s education program is a good example of how Disney is willing to invest in its employees, offering courses that are both foundational and professional. Bob Iger’s executive compensation of $47 million was also able to reflect his contribution to Disney’s growth and successes.
FAQs
Q: How much money does Disney spend on staff education?
A: Disney spends annually around $25 million on staff education.
Q: How much was Bob Iger’s executive compensation for 2020?
A: Bob Iger’s total executive compensation for 2020 was $47 million.
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