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Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. For its 2019 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. 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. 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 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. Average salaries for Walt Disney Company Deputy General Counsel: [salary]. Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Ex-lawyer who claimed wrongs by 'bar card lynch mob' charged with stabbing targeted attorney, How lawyers can pursue a 'wonderful life', Lawyer digs into big data for new legal thriller 'Code 6'. Proxies lays out pay for a companys highest paid corporate executives. Former Disney chief executive Bob Chapek earned $24 million in fiscal 2022, down sharply from $32 million the year before, the company revealed in its proxy Tuesday. "Horacio is an incredibly skilled. 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. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. 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. Read more from. Related Searches:All Counsel Salaries|All Walt Disney Company Salaries. Costfoto/Future Publishing via Getty Images, Walt Disneys Departing Legal Chief Sees 59% Jump in Total Pay, Disney Hires Spotifys Top Lawyer Gutierrez as Legal Chief (2), Disneys Top Lawyer Job Up for Grabs as Longtime Leader Departs, ESPN Elevates Longtime In-House Lawyer to Chief Counsel Role (1), Disneys Longtime Top Lawyer Stepping Down Amid New Legal Hires, Disney Cuts Top Lawyers Pay, Names New Compliance Chief, Disneys Longtime Legal Chief Earned $14 Million in 2019, Neil Young Blasts Spotifys Ek, Goes After Four Big Banks Next, Spotifys CEO Is Deeply Sorry But Wont Drop Joe Rogan, Joe Rogan Apologizes Amid Spotifys Vaccine Controversy (3), Spotify Snags Copyright Office Legal Chief as Public Policy Head, Spotifys Top Lawyer Has Spent Years Making Apple the Bad Guy (2), Former HBO General Counsel Jumps to Spotify, Spotifys GC on Moving from Microsoft to the Music Streaming Service, organizational development and strategic planning, Horacio Gutierrez gets $3.3 million in salary, sign-on bonus, Ex-GC Alan Braverman inks $40,000 per month consulting deal. In September, Disney announced it would lay off 28,000 workers as the company sought to offset shrinking revenues from shuttered movie theaters and a resorts business struggling with fewer visitors. 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). But just months into the job, the board has fired Bob Chapekthe man who . Walt Disney Names Ex-Spotify Legal Chief Horacio Gutierrez as General Counsel, Walt Disney General Counsel Took Big Pay Cut Last Year, The 2021 GC Compensation Survey: Bonus Pain, Entertainment Gain, California GC Compensation Roars Back Following COVID-Fueled Pay Cuts, Live Nation Retains GC in Last-Minute Contract Renewal, Legal Tech Star Relativity Hires CLO Fresh Off Multibillion-Dollar Deals, Milwaukee Brewers Promote Longtime General Counsel to Chief Operating Officer, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Horacio Gutierrez landed one of the top legal jobs in the world last Decembergeneral counsel of The Walt Disney Co. (function() { Disney will go through the sale process and realize any gains or losses on the sale of the property. Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists. 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. Being a General Counsel leads the defense of the organization in lawsuits and the prosecution of lawsuits on behalf of the organization against others. Stoney Creek Hotel & Conference Center, Broken Arrow, 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. 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. Check out the latest Counsel Jobs or see Counsel Salaries at other companies. Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750; -95.02028 (36.477501, -95.020272). Horacio Gutierrez's contract will keep him at Disney through at least 2024. Oklahoma City,Tulsa,Norman, Recently searched related titles: Check out the latest Walt Disney Company Jobs. 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. 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. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's geographic region, job-related knowledge, skills, and experience among other factors. As more law firms announce bonuses, some pay extra for higher hours. 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 Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. 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. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. 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. Copyright Office, last summer to be its head of public policy and government affairs. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. The estimated base pay is $182,038 per year. 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. 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.. Claremore, OK. Individualize employee pay based on unique job requirements and personal qualifications. For its 2020 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Join Corporate Counsel now! Learn more about a Bloomberg Law subscription. Both options are priced the same. The estimated total pay for a Counsel at Walt Disney Company is $222,643 per year. Not the job you're looking for? See if they're hiring! 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. Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. See if they're hiring! Despite the big paychecks, the overall total cash compensation for the top 100 general counsel declined nearly 2 percent in 2015. In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. Hes set to make approximately $40,000 per month as a consultant for Disney from January 7 through at least March 1 or any other mutually agreed date. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Apply today at CareerBuilder! . 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 General Counsel reviews changes to law and regulations and advises management about any impact to the business. Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - 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. 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. 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. Peltz said hell be running for a board seat. Horacio Gutierrez will collect a $1.3 million base salary with the opportunity to earn millions more in . 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. 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. How much does a General Counsel make in Disney, OK? Alan Braverman received $16.7 million in total compensation. 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.. Statement After UGA Football Player Devin Willock Tragically Dies After Single C Maptician Selected as Finalist in ALM s Legalweek Leaders in Tech Law Awards 202 Mezrano Law Firm Assists Truck Accident Victims in Obtaining The Maximum Compens Alan Braverman's compensation totaled more than $16.6 million last year. The estimated base pay is $163,261 per year. on: function(evt, cb) { The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. The average salary for a Counsel is $162,080 per year in United States, which is 27% lower than the average Walt Disney Company salary of $222,997 per year for this job. Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? 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. 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. Braverman earned more than $13.7 million from Disney in 2019. The hiring range for this position in Burbank, CA is: $139,910 - $181,060 per year. Search thousands of open positions to find your next opportunity. req.) Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1r85wm", "fluid": true }, average salary for a Counsel is $162,080 per year in United States. 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. Analyze the market and your qualifications to negotiate your salary with confidence. 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. Send us a tip using our annonymous form. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. } Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - (Copyright 2023 Salary.com), Employers: Job Description Management Tool. 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). About Us| 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 information shown here is a reporting of information included in the company's proxy statement. Disney said a hird-party vendor purchased the property on the companys behalf in June of 2022 for the same price at which the property was originally purchased. Law Offices of Gary Martin Hays & Associates 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. The estimated total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 per year. Not a Bloomberg Law Subscriber?Subscribe Now. { Location : Burbank, CA. 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 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 Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. Walt Disney Co income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Source: Wikipedia (as of 04/11/2019). . Contact Us| .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $222,997 look to you? The estimated additional pay is $98,430 per year. The estimated additional pay is $39,820 per year. Copyright 2023 ALM Global, LLC. Some related job titles are Senior Attorney salaries with median pay of $172,829, Assistant General Counsel salaries with median pay of $182,178, . Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. The significant developments and change in the broader macroeconomic environment over this period informed how the Board viewed the appropriate leader in light of the rapidly evolving industry and market dynamics. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. Check out the latest Walt Disney Company Jobs. Bloomberg data shows that Braverman currently owns almost $19.1 million in Disney stock. The estimated base pay is $182,208 per year. He is also entitled to $2000 per hour for any hour worked over 20 hours per month during this period. Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Executes multiple high impact initiatives to achieve overall corporate goals. Get Salary Data on All Global For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. The estimated base pay is $177,221 per year. Disney is a town in Mayes County, Oklahoma, United States. His haul included $7 million in nonequity incentive plan compensation, $4.5 million in stock awards, $3.2 million in option awards and a nearly $1.8 million salary. Disney has tapped Horacio Gutierrez head of Global Affairs and chief legal officer at Spotify as senior executive VP, general counsel and secretary, succeeding longtime Disney veteran. Braverman's total compensation spiked a year after he and other Disney execs agreed to pay cuts as part of pandemic-related corporate austerity measures. 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. Search more salaries here: Top Division Information Technology Executive, General Counsel Salaries with a JD, MD, PhD or Equivalent, View the Cost of Living in Disney, Oklahoma, Detailed skills and competency reports for specific positions. Countries. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. 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