Although no specific reasoning was given for Bob Iger’s reduced compensation in Disney’s SEC filing, in the company’s annual shareholder meeting last year, a majority of shareholders voted against Disney’s plan for executive compensation. At the time, the board said that it would take the vote under advisement for future decisions about CEO compensation, according to CNBC. This move comes in advance of Disney’s next annual shareholder meeting, which will be held on March 7.
Article source: https://www.cinemablend.com/news/2467849/disneys-bob-iger-is-taking-a-major-pay-cut-ahead-of-fox-merger