It really pays to run Disney

An article in the LA Times details just how much cash the two head honchos at Disney are raking in these days. Be prepared: you may turn green with envy. Or, just at the thought of all that money. Chief Executive Robert Iger got a 33% raise when he took over in October, bringing his annual income to $2 million. Wait. There's much, much more. If Disney does well, he will get to enjoy a $7.25 million bonus (whose bonus is nearly four times their annual salary???). He also received 500,000 shares of restricted stock. Restricted? I guess that means he can't sink it into Pixar, eh? Michael Eisner, on the other hand, earned $1 million in regular salary, plus a $9.1 million bonus. That's nowhere near the income he got in 1998 when he exercised some stock options that had been accumulating for years, and made $576 million. Eisner retired on September 30th but he will continue to received bonuses in the sum of $7.5 million through September of 2007. But don't worry about Michael Eisner. He'll be okay. He has a job at CNBC.