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JASON GARCIA, NEWS BY JASON GARCIA ON JANUARY 11, 2010 AT 11:50 AM
Looks like Tom Staggs is going to be making about the same amount as chairman of Walt Disney Parks and Resorts as he was as chief financial officer of the Walt Disney Co.
Disney on Friday filed updated employment contracts for both Staggs and Jay Rasulo, who swapped jobs at the start of the year.
Under his revised agreement, Staggs base salary will stay the same (its scheduled to rise to $1.4 million in April). He also remains eligible for an annual incentive bonus targeted at no less than twice his base salary ($2.8 million) and an annual stock award targeted at no less than three times his base salary ($4.2 million).
According to Disneys regulatory filings, Staggs received $9.3 million in total compensation during the companys 2009 fiscal year. That included a base salary of about $1.3 million, a cash bonus of $2.5 million, a stock award valued at $3.5 million and stock options valued at $1.3 million, plus some smaller benefits.
Staggs contract with Disney, which was signed in early 2008, runs through March 31, 2013.
Rasulo, meanwhile, has agreed to a new five-year contract with Disney that will pay him on par with Staggs now that hes Disney CFO. Like Staggs, Rasulo will get a base salary of $1.4 million and be eligible for an annual cash bonus of twice that amount and stock award valued at three times that amount.
Rasulos new deal extends until Jan. 31, 2015.
Looks like Tom Staggs is going to be making about the same amount as chairman of Walt Disney Parks and Resorts as he was as chief financial officer of the Walt Disney Co.
Disney on Friday filed updated employment contracts for both Staggs and Jay Rasulo, who swapped jobs at the start of the year.
Under his revised agreement, Staggs base salary will stay the same (its scheduled to rise to $1.4 million in April). He also remains eligible for an annual incentive bonus targeted at no less than twice his base salary ($2.8 million) and an annual stock award targeted at no less than three times his base salary ($4.2 million).
According to Disneys regulatory filings, Staggs received $9.3 million in total compensation during the companys 2009 fiscal year. That included a base salary of about $1.3 million, a cash bonus of $2.5 million, a stock award valued at $3.5 million and stock options valued at $1.3 million, plus some smaller benefits.
Staggs contract with Disney, which was signed in early 2008, runs through March 31, 2013.
Rasulo, meanwhile, has agreed to a new five-year contract with Disney that will pay him on par with Staggs now that hes Disney CFO. Like Staggs, Rasulo will get a base salary of $1.4 million and be eligible for an annual cash bonus of twice that amount and stock award valued at three times that amount.
Rasulos new deal extends until Jan. 31, 2015.
