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Media CEO Pay Packages in 2024: The Air Up There
Top media and entertainment CEOs kept raking in the bucks last year, even as many of the companies they led struggled to stay aloft.
This, in turn, skews the pay packages of media companies like Disney and Netflix, which aren’t run by families but justify rewarding their executives with big bonuses and options because they are part of the same peer group. A successful media CEO must be the public face of a company — telegenic, amiable, able to work a room — and also serve as an ambassador to Wall Street at a time when investors have grown more skeptical about the long-term health of the entertainment business. When it came to Iger’s $7.2 million bonus, Disney’s board gave him credit for releasing “Deadpool & Wolverine,” which the family-friendly brand enthused was “the highest grossing R-rated film ever,” as well as for presiding over the best-attended D23 event in history and leading a company dubbed one of America’s most trusted by no less an authority than Newsweek.
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