With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? The Walt Disney Co general counsel Alan Braverman, who often ranks among the highest-paid U.S. in-house lawyers, saw his total compensation fall about 33% year-over-year to $9.1 million in. Responsible for the development of functional or business unit strategy for the entire organization. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $279,993 per year. Proxies lays out pay for a companys highest paid corporate executives. 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He currently owns about $16.6 million in Disney stock, according to Bloomberg data. The Board continued to spend significant time discussing the leadership of the Company in the months that followed and determined that Mr.Chapek was no longer the right person to serve in the CEO role. The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. 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. Log in to access all of your BLAW products, Disney Cuts Igers Pay 56% to $21 Million, Axes Bonuses (2), Disneys Longtime Legal Chief Earned $14 Million in 2019, Pay Cuts Continue to Sweep Across Americas Top In-House Lawyers, Disney Chairman Iger to Skip Salary; Other Leaders Take Cuts (1), Disney Executive Pay Squeaks By at New CEOs First Meeting (1), Disney to Cut 28,000 Jobs in One of Biggest Layoffs of Covid Era, Warren Prods Disney CEO on Buybacks, Pay Before 28,000 Cuts (1), Disneylands Toy Story Parking Lot Opens for Mass Vaccinations, Walmart, Disney Join Companies Halting Donations After Riot (1), Disneys Inside Out Copyright Win Stands as High Court Passes, total compensation of its top six executives, Alicia Schwarz promoted to chief compliance officer, Legal chief Alan Braverman made big stock sales as pay slipped. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. He also took a 30% salary cut from April 5 to Aug. 22, dropping his total salary from $1.66 million in 2019 to $1.58 million in fiscal year 2020. Schwarz didnt respond to a request for comment. Braverman and other executives in Disneys C-suite agreed to take 30% cuts to their base salaries in 2020 as Covid-19 roiled the global economy. But just months into the job, the board has fired Bob Chapekthe man who . Deadline is a part of Penske Media Corporation. In June 2022, the Board agreed to extend Mr.Chapeks employment agreement based on Mr.Chapeks work navigating the Company through the unprecedented challenges of the pandemic and growing the Companys streaming business. How much does a General Counsel make in Disney, OK? The average General Counsel salary in Disney, OK is $338,390 as of December 27, 2022, but the range typically falls between $282,090 and $408,190. Some related job titles areAttorney salaries with median pay of $139,649,Attorney (In-house Counsel) salaries with median pay of $138,774,Lawyer salaries with median pay of $109,542,Senior Counsel salaries with median pay of $256,946. This report is not for commercial use. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Get Salary Data on All Global DISNEY (WALT) CO Fiscal Year Ended in 2021 View local and national averages for salaries $1,799,000 Base Pay $7,000,000 Bonus + Non-EquityIncentive Comp $8,799,000 Total Cash Comp $4,543,772 Stock Award Value $3,221,042 Option Award Value $7,764,814 Total Equity $97,050 Total Other $16,660,864 Total Compensation Enter an executive or company name 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. P.C. January. 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. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. Additional pay could include bonus, stock, commission, profit sharing or tips. ESPN elevated deputy general counsel Eleanor Nell DeVane this past January to succeed Diane Morse as chief counsel for the Bristol, Conn.-based sports network. 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. See if they're hiring! The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. All Rights Reserved. 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 . Gutierrez was not one of Spotifys five highest-paid executives in 2021, according to a securities filing by the company earlier this month. Site Map, Advertise| Despite the dip in total compensation, Braverman sold off a sizeable amount of Disney stock last yearnearly $22.9 million worth of his holdings in the company, according to securities filings. Former head of corporate affairs Geoffrey Morell, who was hired in Jan of 2022 and terminated five months later, had a package worth $8.4 million. ); Oklahoma City,Tulsa,Norman, Recently searched related titles: Konstan joined Spotify, which has been grappling this year with controversy related to its popular podcast host Joe Rogan, in 2020 after serving as HBOs general counsel. Horacio Gutierrez landed one of the top legal jobs in the world last Decembergeneral counsel of The Walt Disney Co. On November20, 2022 (after fiscal 2022), the Board decided to exercise its right to terminate Mr. Chapeks employment without cause. That entitles him to above metioned payouts if he successfully completes all of the terms of his post-employment consulting agreement and does not violate the terms of the employment agreement that survive his termination or the general release.. The information shown here is a reporting of information included in the company's proxy statement. The base salary for General Counsel ranges from $282,090 to $408,190 with the average base salary of $338,390. License our industry-leading legal content to extend your thought leadership and build your brand. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $355,390 to $601,290 with the average total cash compensation of $458,190. You may also find the annual proxy statement by going directly to the company's website. About Us| The estimated base pay is $182,038 per year. Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - Some related job titles are Senior Attorney salaries with median pay of $172,829, Assistant General Counsel salaries with median pay of $182,178, . Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. See if they're hiring! Salaries & Advice Salary Search Discover your earning potential; . 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). To read the full story on Westlaw Today, click here: bit.ly/2Y1uPsu. Horacio Gutierrez's contract will keep him at Disney through at least 2024. The Walt Disney Co general counsel Alan Braverman, who often ranks among the highest-paid U.S. in-house lawyers, saw his total compensation fall about 33% year-over-year to $9.1 million in fiscal year 2020, a regulatory filing shows, as the media giant grappled with the pandemics financial fallout. 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. Search thousands of open positions to find your next opportunity. The estimated base pay is $163,261 per year. Disney noted that it has recommended to the compensation committee of its board that Gutierrez be granted equity awards with a target value of $10 million. Alan Braverman received $16.7 million in total compensation. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. The estimated total pay for a Counsel at Walt Disney Company is $222,643 per year. Peltz said hell be running for a board seat. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. Gutierrez will succeed Disney veteran Alan Braverman who, as announced in July, is retiring after nearly two decades as the Mouse House's general counsel. The estimated additional pay is $98,430 per year. Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? Join Corporate Counsel now! For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. All proxy statements are public filings made available to the general public by the SEC. Plans and directs all aspects of an organization's legal affairs and ensures all business policies and activities are managed correctly and in compliance with current laws. 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.
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