The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. The Walt Disney Co.s retiring legal chief is walking off into the sunset with a bag of cash so big it would make Scrooge McDuck do a double take. Horacio Gutierrez's contract will keep him at Disney through at least 2024. As such, it noted CFO Christine McCarthys package totaled $20.2 million; General Counsel Horacio Gutierrez $15 million; HR chief Paul Richardsons $5 million; and comms chief Kristina Schake $6.2 million. Braverman, like Disneys other executives, didnt get a performance-based bonus in fiscal year 2020, according to a Tuesday U.S. Securities and Exchange Commission filing. Not a Bloomberg Law Subscriber?Subscribe Now. BURBANK, Calif., December 22, 2021 - Horacio Gutierrez has been named Senior Executive Vice President, General Counsel and Secretary of The Walt Disney Company (NYSE: DIS), it was announced today by Bob Chapek, Chief Executive Officer. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Catoosa, OK, Onin Staffing - { Learn more about a Bloomberg Law subscription. 13 General Counsel jobs available in Walt Disney World Resort, FL on Indeed.com. Aramark, HILTON WORLDWIDE HOLDINGS, POTBELLY CORP, Based on HR-reported data: a national average with a geographic. See if they're hiring! Counsel yearly salaries in the United States at The Walt Disney Company Job Title Counsel Location United States Average salary $137,219 per year 47% Above national average Average $137,219 Low $35,000 High $306,000 Salary estimated from 9 employees, users, and past and present job advertisements on Indeed in the past 36 months. The Burbank, California-based media and entertainment giant paid Alan Bravermanmore than $16.6 million for fiscal year 2021. Horacio Gutierrez landed one of the top legal jobs in the world last Decembergeneral counsel of The Walt Disney Co. Boies Schiller deems its higher bonuses 'extraordinary' and 'extra-extraordinary;' top amount is $165K, Some law firms tie in-person work to bonuses and job retention amid demand slowdown. Senior Executive Vice President, General Counsel and Secretary: Total Cash $8,000,061: Equity $5,000,037: Other $79,888: Total Compensation $13,079,986: Robert A. Iger Chairman and Chief Executive Officer: Total Cash $24,750,000: Equity $19,656,186: Other $1,144,342: Total Compensation $45,550,528: Zenia B. Mucha Senior Executive Vice President and Chief Communications Officer Executes multiple high impact initiatives to achieve overall corporate goals. Iger earned $1.1 million in base pay; $4.6 million in stock awards; $2.4 million in options awards; $4.34 million for the non-equity incentive plan; and $2.4 million in other compentsation. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. The estimated total pay for a Counsel at Walt Disney Company is $222,997 per year. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. Get Salary Data on All Global })(); Disney Sued Over Alleged Patent Infringement for Genie and Genie+ Technologies. Disney will go through the sale process and realize any gains or losses on the sale of the property. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Log in to access all of your BLAW products. Spotify legal chief Horacio Gutierrez will serve as Disney's new GC. Job posted 6 hours ago - The Walt Disney Company (Corporate) is hiring now for a Full-Time Associate Principal Counsel - Disneyland Resort in Baldwin Park, CA. For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. Jan. 20, 2022, 4:00 AM. Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. Our Team Account subscription service is for legal teams of four or more attorneys. To read the full story on Westlaw Today, click here: bit.ly/2Y1uPsu. We want to hear from you! The Walt Disney Co. trimmed its longtime general counsel's pay package by roughly 34% last year as the media giant made cutbacks as a result of the coronavirus pandemic. The estimated additional pay is $39,820 per year. See if they're hiring! Both options are priced the same. The Walt Disney Co.'s longtime top lawyer Alan Braverman saw his total pay increase significantly during his final year at the . The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. Disney will also pay $1.3 million in annual base salary to Gutierrez, who is eligible for a fiscal year-end bonus of up to $2.6 million, as well as $6.5 million in equity awards. Check out the latest Counsel Jobs or see Counsel Salaries at other companies. Disney employs hundreds of lawyers between it and subsidiaries like ABC Inc., ESPN Inc., Fox Networks Group Inc., Lucasfilm Ltd., Marvel Entertainment LLC, and Pixar Inc. Gutierrez, who joined Spotify in 2016 after 17 years in-house at Microsoft Corp., served as the podcast and streaming audio platforms chief legal officer and head of global affairs. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. Research salary, company info, career paths, and top skills for Executive Counsel - Labor Relations Apply for the Job in Executive Counsel - Labor Relations at New York, NY. Disney, which this month elevated global deputy chief compliance counsel Alicia Schwarz to senior vice president and chief compliance officer, disclosed the total compensation of its top six executives in an annual proxy statement filed this week. Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? Disney will also pay $1.3 million in annual base salary to Gutierrez, who is eligible for a fiscal year-end bonus of up to $2.6 million, as well as $6.5 million in equity awards. It added a few more digs in the proxy, noting that: In deciding not to recommend Mr. Peltz, the directors considered a number of factors, including that despite months of engagement, Mr. Peltz had not, and the Trian Group representatives at the meeting had not, actually presented a single strategic idea for Disney, that their assessment of Disney seemed oblivious to the secular change that had been ongoing in the media industry, as well as the impact of the pandemic on each part of the Companys business from production, to exhibition, to leisure travel.. event : evt, Despite its name, it is in no affiliation with .More, Disney, Oklahomaarea prices were up 1.2% from a year agoView the Cost of Living in Disney, Oklahoma, General Counsel Salary in popular cities: Head of litigation for the world's largest manufacturer of furniture, with more than $7.5 billion in revenue, 1,000 physical locations, and 35,000 employees. The estimated total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 per year. Braverman has also been retained for a transition period, according to the same SEC filing and Law360. The compensation package for Horacio Gutirrez, the new General Counsel for The Walt Disney Company, has been revealed through new filings with the Securities & Exchange Commission. Customer Service| He currently owns about $16.6 million in Disney stock, according to Bloomberg data. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. Disney is now led by Chief Executive Officer Robert Chapek, who took over last year from Robert Iger, a longtime leader of the Burbank, Calif.-based entertainment titan. He received a $2 million sign-on bonus to join Disney, which announced in late December that Gutierrez would succeed its longtime former legal chief Alan Braverman, who retired last month. Coronavirus Tips Working and Protection, For its 2019 fiscal year, Walt Disney Co, listed the following executives on its annual proxy statement to the SEC. Check out the latest Deputy General Counsel Jobs or see Deputy General Counsel Salaries at other companies. Schwarz didnt respond to a request for comment. Copyright Office, last summer to be its head of public policy and government affairs. Walt Disney Co.'s Alan Braverman was the highest paid general counsel last year, raking in a salary of $1.374 million and a bonus of $5.325 million and outpacing his highest-paid peers whose . License our industry-leading legal content to extend your thought leadership and build your brand. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Terms of Service. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Average salaries for Walt Disney Company General Counsel: $181,832. The average salary for a Deputy General Counsel is $158,886 per year in United States, which is 43% lower than the average Walt Disney Company salary of $280,468 per year for this job. Provides guidance and counsel to management on business transactions and initiatives. She was promoted to assistant general counsel in 2018. Disney disclosed a temporary consulting agreement with Braverman dated Jan. 7 that reveals he will be paid $40,000 for up to 20 hours of work each month with an extra $2,000 paid to him for each additional hour of service. The estimated additional pay is $98,430 per year. Meet our President and CEO, as well as other McDonald's U.S. executive team members who continue to build our legacy and ensure our Golden Arches shine bright. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. The top five for total cash compensation are: 1) Alan Braverman of Walt Disney ($7,034,692 ), 2) Thomas Mason of Energy Transfer Equity ($6,857,615), 3) Gerson Zweifach of 21st Century Fox ($6,325,000), 4) Laureen Seeger of American Express ($5,298,200). Copyright 2023 American Bar Association. Braverman earned more than $13.7 million from Disney in 2019. Former New Regency & Silver Pictures Exec Navid McIlhargey Joins Wind Sun Sky Entertainment & Productivity Media, Netflix Sets 2023 Premiere Dates For Film Slate, Disney Ex-CEO Bob Chapek Made $24 Million in FY 2022; Bob Iger Comp Totaled $14 Million As Company Releases Latest Executive Pay, Disney Skewers Nelson Peltz As Lacking Skills And Experience To Assist Board; Reveals Marvel Chair Isaac Perlmuttter Backed Activist Investor, The Whale Swims Past $11 Million Cume; Saint Omer Sees Solid NY/LA Open As Awards Race Picks Up Specialty Box Office, George MacKay, Fan Bingbing, Joan Baez Movies Added, Sony Shopping Craig Ferguson-Hosted Syndicated Late-Night Talker For Fall, Fantasy Novel Momo Getting English-Language Film From Leading German Duo, HBO Max EMEA Programs Boss Antony Root To Retire. The estimated base pay is $128,769 per year. Of the Company 's annual shareholders meeting second option allows you to build your bundle and select... 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