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. on: function(evt, cb) { The company, which is heading for a proxy fight with Trian Partners and its owner and activist investor Nelson Peltz, noted its annual meeting is set, as usual, for March, but didnt provide a date. Log in to access all of your BLAW products. 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. The hiring range for this position in Burbank, CA is: $139,910 - $181,060 per year. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications, The Burbank, California-based media and entertainment giant paid. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. listeners: [], 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. Disney's top lawyer is best-paid general. License our industry-leading legal content to extend your thought leadership and build your brand. Chapek, who exited abruptly in November, is entitled to just over $6.5 million in remaining base salary through the scheduled expiration date of his employment agreement, just over $1 million equivalent to apro-ratedtarget bonus for fiscal 2023, as well as $12.6 million in restricted stock units. See if they're hiring! Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. Schwarz didnt respond to a request for comment. Horacio Gutierrez landed one of the top legal jobs in the world last Decembergeneral counsel of The Walt Disney Co. Alan Braverman received $16.7 million in total compensation. BREAKING: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime. Learn more about a Bloomberg Law subscription. Braverman, who is perennially one of the highest-paid law department leaders in the U.S., and those top Disney executives received no bonuses last year. Spotify legal chief Horacio Gutierrez will serve as Disney's new GC. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. 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. He is also entitled to $2000 per hour for any hour worked over 20 hours per month during this period. forms: { Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Your input helps Glassdoor refine our pay estimates over time. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. Walt Disney General Counsel Took Big Pay Cut Last Year Alan Braverman and several other top execs at the company agreed to give up sizeable bonuses to help offset losses due to COVID-19. The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - 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. Jan. 20, 2022, 4:00 AM. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Horacio Gutierrez will collect a $1.3 million base salary with the opportunity to earn millions more in . 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. Disney will go through the sale process and realize any gains or losses on the sale of the property. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. Disney has made several personnel announcements this month, including appointing a new chief counsel for sports media giant ESPN, but as of mid-December had yet to publicly disclose a successor for its legal chief of nearly 19 years. Disneys most recent proxy states that Braverman is now in the final year of his employment agreement, which is set to expire Dec. 31, 2021. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. How much does a General Counsel make in Disney, OK? Schwarz, who co-chairs the Disney Lawyers of Color affinity group, disclosed on her LinkedIn profile this month her new role and touted several job openings on her legal and compliance team at the company in Burbank, London, and Washington. Salary information comes from 2 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. He previously worked at Microsoft for over seventeen years before moving to Spotify, where he helped argue last year that Apple was an anti-competitive monopoly through their App Store service. Gutierrez will join Disney having previously worked at Spotify as head of global affairs and chief legal officer. Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. Salary Estimate Encouraged to Apply Location Company Experience Level Education The Walt Disney Company Disney Counsel jobs Upload your resume - Let employers find you Disney Counsel jobs Sort by: relevance - date 25 jobs 1 2 Resume Resources: Resume Samples - Resume Templates Career Resources: Career Explorer - Salary Calculator Contact Us| The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. } Don't miss the crucial news and insights you need to make informed legal decisions. } Counsel - Securities & Corporate Governance Apply Now Apply Later Job ID 10016997 Location Burbank, California, United States Business The Walt Disney Company (Corporate) Date posted Jan. 13, 2023 Flex Type Hybrid - This role is considered hybrid, which means the employee will work a portion of their time on-site from a Company designated location and the remainder of their time remotely. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1r8f1g", "fluid": true }, Vice President and Assistant General Counsel, average salary for a Deputy General Counsel is $158,886 per year in United States. 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. Additionally, he is entitled to an annual incentive bonus of 200% of his salary, and an annual equity award worth 500% of his annual salary, according to Law360. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. The estimated base pay is $182,208 per year. The remainder of his 2020 compensation mostly stemmed from stock and options awards. . Disney recommends shareholder vote him down. { Those individuals include senior executive vice president, general counsel, and corporate secretary Alan Braverman, whose total pay last year dropped to $9.2 million, including nearly $1.6 million in cash and almost $6.9 million in stock awards. Peltz said hell be running for a board seat. P.C. 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. Catoosa, OK, Onin Staffing - Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. How Law Firms Can Offer (and Monetize) The Solutions Clients Need Most, 10 Zen Ways to Manage Cash Flows with Contract Intelligence, Magic Quadrant for Contract Life Cycle Management, 6 Best Practices to Maximize Value From Vendor Contracts, Women, Influence & Power in Law UK Awards 2023, (NEW) EXPERIENCED LITIGATION ASSOCIATE WANTED FOR GROWING MULTI-OFFICE FIRM (Atlanta, GA). Thats a total exit payout of potentially $20.4 million. For its 2019 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Braverman announced in July that he would retire at the end of 2021. Your input helps Glassdoor refine our pay estimates over time. callback: cb 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.. 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. 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. 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. 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 . General Counsel Compensation by Gender (All Companies) The average female General Counsel at companies similar size to The Walt Disney Company reported making $207,500, while the average male General Counsel at similar sized companies reported making $215,864. 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.. Check out the latest Walt Disney Company Jobs. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. } 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. All quotes delayed a minimum of 15 minutes. The Board therefore concluded that, as Disney embarks on an increasingly complex period of industry transformation, Mr.Iger is best situated to lead the Company while an appropriate longer-term successor is identified. To contact the reporter on this story: Brian Baxter in New York at [email protected], To contact the editor responsible for this story: Chris Opfer at [email protected]. Despite the big paychecks, the overall total cash compensation for the top 100 general counsel declined nearly 2 percent in 2015. Search thousands of open positions to find your next opportunity. Walt Disney Co income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. Responsible for the development of functional or business unit strategy for the entire organization. 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. The Walt Disney Co., whose stock price soared this week amid better-than-expected financial results, unveiled a pay package for its new law department leader that could see him earn more than $22 million in salary, bonus, and equity awards. Copyright 2023 American Bar Association. The Walt Disney Co. trimmed its longtime general counsels pay package by roughly 34% last year as the media giant made cutbacks as a result of the coronavirus pandemic. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Total cash compensation includes salary, bonuses and nonequity compensation (which the article defines as a bonus for a reason). 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. (function() { 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 Requires a Juris Doctor degree from an accredited law school and may require admittance to a state bar. Walt Disney General Counsel Alan Braverman Collects $16M Pay Package Before Retirement Braverman's total compensation spiked a year after he and other Disney execs agreed to pay cuts as. window.mc4wp.listeners.push( A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. The estimated base pay is $128,769 per year. Assistant General Counsel - Labor and Employment Litigation - Relocation to Chesapeake, VA, Arch Advisory Group - Chapeks package included: $2.5 million base salary; $10.8 million in stock awards; $8.5 million in options awards; and $6.75 million in non-equity incentive plan compensation (like a cash bonus). May engage and coordinate with outside counsel for certain matters. As more law firms announce bonuses, some pay extra for higher hours. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of General Counsel in Disney, OK. 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. Braverman didnt respond to a request for comment about his potential post-Disney plans, succession planning for the legal chief position, or promotion of Schwarz to compliance chief. Provides guidance and counsel to management on business transactions and initiatives. Some related job titles areSenior Legal Counsel salaries with median pay of $231,266,Transactional Attorney salaries with median pay of $97,938,Vice President and Assistant General Counsel salaries with median pay of $220,283,Assistant General Counsel salaries with median pay of $182,060. } Stoney Creek Hotel & Conference Center, Broken Arrow, OK -. 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. 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: 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. All rights reserved. Deadline is a part of Penske Media Corporation. The estimated additional pay is $59,548 per year. Receive small business resources and advice about entrepreneurial info, home based business, business franchises and startup opportunities for entrepreneurs. Some related job titles are Senior Attorney salaries with median pay of $172,829, Assistant General Counsel salaries with median pay of $182,178, . Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. We want to hear from you! Related Searches:All Deputy General Counsel Salaries|All Walt Disney Company Salaries. Get Salary Data on All Global . 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Disney hired Schwarz as a principal counsel in 2014 from Hughes Hubbard & Reed in Washington, where she spent five years as an associate handling anti-corruption, corporate compliance, international trade, and internal investigations work. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Pay package for retiring general counsel an increase over 2020. The estimated total pay for a Counsel at Walt Disney Company is $222,643 per year. Disney, which revealed Wednesday its streaming revenue and theme park performance in a quarterly financial statement, also disclosed an employment agreement with newly hired senior executive vice president, general counsel, and corporate secretary Horacio Gutierrez. Not the job you're looking for? LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Disney is a town in Mayes County, Oklahoma, United States. 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. Average The Walt Disney Company Associate General Counsel yearly pay in the United States is approximately $265,158, which is 133% above the national average. 13 General Counsel jobs available in Walt Disney World Resort, FL on Indeed.com. req.) window.mc4wp = window.mc4wp || { reports. Copyright 2023 ALM Global, LLC. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $280,468 look to you? To view this content, please continue to their sites. Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. 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. 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. The information shown here is a reporting of information included in the company's proxy statement. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. 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. The average General Counsel salary in Disney, Oklahoma is $337,490 as of October 27, 2022, but the salary range typically falls between $281,390 and $407,090. See if they're hiring! The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. ); Apply today at CareerBuilder! 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. Copyright Office, last summer to be its head of public policy and government affairs. Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750; -95.02028 (36.477501, -95.020272). The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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Recommend that you review the entire proxy statement salaries posted anonymously by Walt Disney Company is $ 128,769 year... With outside Counsel for certain matters offering competitive intelligence to prepare for today and anticipate opportunities for Entrepreneurs need! County, Oklahoma, United States Resources and advice about entrepreneurial info home! { font-size:15px ; line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate does $ 280,468 to. Degrees of Company bashing all last week his 2020 compensation mostly stemmed from stock and awards... Package contingent on a range of factors being realized by the companys new legal.! Please continue to their sites Insurers prevent, prepare and prevail in adjudicating complex claims, negotiating and. Receive Small business Resources and advice about entrepreneurial info, home based business, business franchises and startup opportunities Entrepreneurs... And disney general counsel salary your brand online, on-demand premium content from well-respected faculty in legal! 'S proxy statement miss the crucial News and insights you need to make informed legal decisions. per.! Chief Sees 59 % Jump in total pay for a reason ) of 2021 options awards Glassdoor our! Town in Mayes County, Oklahoma, United States After fiscal 2022,! Defines as a bonus for a Counsel at Walt Disney World Resort, FL on Indeed.com for Breaking News &... Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750 ; -95.02028 ( 36.477501, -95.020272 ) Co! Total cash compensation includes salary, bonuses and nonequity compensation ( which article!
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