Hollywood’s Highest Paid Executives: Who Made Bank, Who Sank in 2016
[...] Dauman’s golden parachute had nothing on DreamWorks Animation boss Jeffrey Katzenberg’s more than $400 million windfall from the sale of his studio to Comcast’s NBCUniversal.
Discovery CEO Admits Rival History Channel's Surge 'Forced Us to Get More Focused'
Disney’s Bob Iger recently agreed to add an extra year to his contract, agreeing to stay on until July 2019 after the Mouse House hasn’t been able to find a successor to its big cheese despite a years-long search.
Iger hauled in $43.9 million during 2016, which was actually a 2.2 percent pay cut from the previous year.
Since Iger took over as CEO on October 1, 2005, Disney’s stock price has nearly quadrupled.
The company’s cable networks, led by ESPN, have suffered subscriber losses as cord-cutting has gained in popularity, but Disney acquired a stake in streaming technology company BAMTech last year and has plans to launch a standalone ESPN.
In October, Discovery announced a minority investment in Group Nine Media, the parent company behind digital-first outlets including NowThis and Thrillist, as it looks to reach more cord-cutting millenials.
The man in charge of the world’s largest company by market cap had a relatively modest 2016 compensation package that didn’t even put him in the eight-figure range — or about what a serviceable relief pitcher can command today.
Even with the iPhone 7 launch, Apple failed to meet its targets for net sales and operating income, which resulted in him and other execs getting just 89.5 percent of their allocated cash incentives.
Before you bury his huge payday, remember, Moonves earned his money by making dough for shareholders: CBS stock closed 2015 at $47.13; it finished this past year at $63.62 per share.
Peter Liguori, the president and CEO of WGN America parent company Tribune Media, made $400,000 less last year than he did in 2015, and is currently the lowest-paid top executive in our limited 2016 roundup.
“Following the successful completion of several financial, strategic and creative initiatives, culminating in the pending sale of Gracenote, Tribune Media is well advanced in its transformation to a more focused broadcast and cable networks company,” Liguori said in a statement.