Disney CEO receives $55,000 in AAPL shares for joining Apple’s Board of Directors

“According to a Form 4 filed with the SEC on Thursday, Disney CEO Robert Iger received as part of his new position on Apple’s board of directors 142 restricted shares that vest next February,” Philip Elmer-DeWitt reports for Fortune.

“At Apple’s (AAPL) closing price of $388.83 Tuesday, the day the shares were issued, the grant was worth… $55,213.86,” P.E.D. reports. “Fifty-five grand of course, is chump change for a man whose total compensation from Disney in 2009 (including cash bonus and stock) was more than $29 million.”

P.E.D. reports, “It was Iger who engineered the 2006 acquisition of Pixar that made Steve Jobs Disney’s single largest shareholder. When he died, Jobs’ 138 million shares of Disney, now worth $4.85 billion, were reportedly being transferred to a trust — one presumably controlled by his wife Laurene Powell [Jobs].”

Read more in the full article here.


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