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Media CEO Pay 2023: Guess Who Didn’t Get the Memo?
In 2023, media companies pledged a new spirit of austerity — while their top executives reaped massive paydays.
First, he made some ill-considered remarks at Sun Valley, a conference for media barons held in a posh resort, characterizing striking actors’ demands as “not realistic.” Those words were slammed by SAG-AFTRA head Fran Drescher, with Iger becoming exhibit A for corporate greed. After Fox shelled out $787.5 million to settle a libel suit from Dominion Voting Systems relating to its 2020 election coverage, the company revealed it commissioned an independent review to evaluate forming a “risk oversight committee” at a stockholder’s request. That said, Cook’s pay package for fiscal 2023 dropped 36% — down from nearly $100 million in each of the two previous years — after the board set his total target comp to be between the 80th and 90th percentiles relative to CEOs in the tech giant’s primary peer group.
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