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The Nanny Steps All Over Bob Iger

Bob Iger, always a master of his own image, has seemed to misplay the moment—even if he’s right about the dire situation that Disney and the other AMPTP companies face.
Bob Iger, always a master of his own image, has seemed to misplay the moment—even if he’s right about the dire situation that Disney and the other AMPTP companies face. Photo: Michael Kovac/Getty Images

Just for fun, let’s take a look at the latest amendment to Disney C.E.O. Bob Iger’s employment agreement, as included yesterday in an S.E.C. filing. There’s a line that seems relevant today, as SAG-AFTRA joined the Writers Guild on strike for the first time since 1960 over claims that include the lack of a success metric in their compensation. “Your target annual incentive bonus opportunity,” the Iger contract now reads, “shall be five hundred percent (500%) of your Base Salary as in effect at the end of such fiscal year.” 

Yes, it’s a success metric, a pretty standard element of executive compensation, and one of several baked into Iger’s deal. It’s also the same kind of success metric that Iger is now calling “not realistic,” and that the other AMPTP studio members declined even to bargain over, according to sources at the negotiation table. And it’s one of the reasons that today epitomizes everything that has come to define this era of chaos, hypocrisy and class warfare in Hollywood.