Summary Box: Disney CEO Iger renewed into 2015

AP News
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Posted: Oct 07, 2011 5:33 PM
Summary Box: Disney CEO Iger renewed into 2015

DECADE PLUS CHANGE: The Walt Disney Co. CEO Robert Iger, 60, will stay in place through March 2015, then become executive chairman for 15 months to break in the new boss. He became CEO in September 2005.

TRANSITION PLANS: Either Jay Rasulo, 55, the chief financial officer, or Tom Staggs, 50, chairman of parks, is seen replacing him. The execs swapped jobs in late 2009 to be groomed for the top job.

PAY BUMP: Iger was awarded an annual pay package valued at $28 million in 2010. His new deal could be worth about $30 million a year depending on performance-based bonuses and stock grants.