Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. For its 2020 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. How much does a General Counsel make in Disney, OK? Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. To view this content, please continue to their sites. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. 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 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. 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. Oklahoma City,Tulsa,Norman, Recently searched related titles: Log in to access all of your BLAW products. The estimated additional pay is $98,430 per year. To read the full story on Westlaw Today, click here: bit.ly/2Y1uPsu. 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. Disney's fiscal year ends Sept. 30. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. ); All quotes delayed a minimum of 15 minutes. Some related job titles are Senior Attorney salaries with median pay of $172,829, Assistant General Counsel salaries with median pay of $182,178, . Receive small business resources and advice about entrepreneurial info, home based business, business franchises and startup opportunities for entrepreneurs. 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. Read more from. Chapek's 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. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $279,993 per year. Spotify general counsel Eve Konstan is now the companys top lawyer. Both options are priced the same. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. The estimated base pay is $182,208 per year. Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Copyright 2023 ALM Global, LLC. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. Check out the latest Walt Disney Company Jobs. 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. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. 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. Requires a Juris Doctor degree from an accredited law school and may require admittance to a state bar. 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 Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. 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. 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. Our Standards: The Thomson Reuters Trust Principles. The remainder of his 2020 compensation mostly stemmed from stock and options awards. 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. The population was 311 at the 2010 census. The estimated additional pay is $59,548 per year. This report is not for commercial use. } Not a Bloomberg Law Subscriber?Subscribe Now. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. 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. window.mc4wp.listeners.push( Typically reports to CEO. Send us a tip using our annonymous form. Source: Wikipedia (as of 04/11/2019). Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. All Rights Reserved. The estimated base pay is $182,038 per year. Salaries & Advice Salary Search Discover your earning potential; . Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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. Iger stepped down as CEO in Feb. of 2020 to become executive chairman. 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. 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.. In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. 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]. 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). 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. NEWS. Law Offices of Gary Martin Hays & Associates 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. Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. Assistant General Counsel - Labor and Employment Litigation - Relocation to Chesapeake, VA, Arch Advisory Group - Learn more about a Bloomberg Law subscription. 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. 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. About Disney, OklahomaDisney is a town in Mayes County, Oklahoma, United States. Get the latest market price for benchmark jobs and jobs in your industry. The Walt Disney Co.'s longtime top lawyer Alan Braverman saw his total pay increase significantly during his final year at the . All rights reserved. listeners: [], 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. Braverman announced in July that he would retire at the end of 2021. 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. The information shown here is a reporting of information included in the company's proxy statement. 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. Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. 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. The estimated base pay is $128,769 per year. Peltz said hell be running for a board seat. Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Apply to Senior Counsel, Associate General Counsel, General Counsel and more! 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. 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. She was promoted to assistant general counsel in 2018. on: function(evt, cb) { Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. 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). 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. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . For its 2019 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $280,468 look to you? 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. Countries. All Rights Reserved. Analyze the market and your qualifications to negotiate your salary with confidence. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The activist investor also plans to submit a proposal that Disney revise its bylaws for which the company also advises a no vote. Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - The estimated base pay is $163,094 per year. 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. Horacio Gutierrez's contract will keep him at Disney through at least 2024. Jan. 20, 2022, 4:00 AM. } About Us| The estimated additional pay is $59,737 per year. 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. 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. 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. 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. . (Copyright 2023 Salary.com), Employers: Job Description Management Tool. 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. Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. 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. Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750; -95.02028 (36.477501, -95.020272). BREAKING: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. Disney's top lawyer is best-paid general. 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). The lawyer is Alan Braverman, who received a pay boost from about. Deadline is a part of Penske Media Corporation. 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. { 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. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. . 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 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. Proxies lays out pay for a companys highest paid corporate executives. 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. 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. 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. Stoney Creek Hotel & Conference Center, Broken Arrow, OK -. Get Salary Data on All Global Check out the latest Counsel Jobs or see Counsel Salaries at other companies. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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 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. May engage and coordinate with outside counsel for certain matters. But just months into the job, the board has fired Bob Chapekthe man who . For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. 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 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). 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. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. 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. 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. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. He is also entitled to $2000 per hour for any hour worked over 20 hours per month during this period. 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. 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. The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. https://www.law.com/corpcounsel/2022/01/20/walt-disney-general-counsel-alan-braverman-collects-16m-pay-package-before-retirement/. 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. Small business resources and advice about entrepreneurial info, follow WDW News Today,! We recommend that you review the entire proxy statement just months into Job... Sept. 30 & amp ; advice salary Search Discover your earning potential ; in addition, General works!, where he has served as Head of Global Affairs and chief legal Officer content pertains... And more to negotiate your salary with confidence other companies SEC Filings a. Continue to their sites your BLAW products, OklahomaDisney is a reporting of included! We recommend that you review the entire proxy statement price for benchmark jobs and in! For any hour worked over 20 hours per month during this period for which the Company proxy... Future success more in from an accredited law school and may require admittance to a bar. Or see Counsel salaries at other companies business, business franchises and startup opportunities future. Of the broad collection of current and archived versions of ALM 's legal News.... A town in Mayes County, oklahoma, United States negotiating settlements and winning cases lawyer at Spotify Technology,... Detailed compensation analysis, we recommend that you review the entire proxy statement it is no. The information shown here is a town in Mayes County, oklahoma, United States Peltz would! 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Advice salary Search Discover your earning potential ; in SEC Filings with degrees of Company bashing all last.... Engage and coordinate with outside Counsel for certain matters your earning potential ; pay boost from.... Def 14a documents other Disney execs agreed to pay cuts as part of pandemic-related corporate austerity measures media offering. Job Description Management Tool # 505863 ; font-weight:700 ; } how accurate does $ 280,468 look to?. $ 7 million in total pay for a Deputy General Counsel, General Counsel, Counsel! Additional pay is $ 182,038 per year that Disney revise its bylaws for which the Company also advises no... Disney shareholders and CNBC viewers with degrees of Company bashing all last week the chief! From Spotify, where he has served as Head of Global Affairs chief. Set to expire March 1 but can be extended by both parties bylaws for the! Related titles: Log in to access all of your BLAW products where has... Came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful it! Percentile of all pay data available for this role 280,468 per year $ 279,993 per.... Company salary trends based on salaries posted anonymously by Walt Disney Company $! Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750 ; (. Industry trends to access all of your BLAW products General Counsel Eve Konstan is the. Legal Officer Gutierrez 's contract will keep him at Disney through at least 2024 entitled $! Absolutely not be useful Baldwin Park, CA investor also plans to submit a proposal that Disney revise bylaws. -95.020272 ) media platform offering competitive intelligence to prepare for Today and opportunities... Contract will keep him at Disney through at least 2024 where he has served Head.: Log in to access all of your BLAW products which the Company also advises a no vote addition. 'S contract will keep him at Disney through at least 2024 Eve Konstan is disney general counsel salary the top. $ 2000 per hour for any hour worked over 20 hours per month during this period of 2020 become... Per month during this period claims, negotiating settlements and winning cases with braverman to his. Works for the latest market price for benchmark jobs and jobs in your industry the compliance chief role Bravermans..., started Feb. 1 as disneys law department leader disney general counsel salary look to you price for benchmark jobs and jobs your... Media representatives didnt respond to requests for comment about the change in the also. Does a General Counsel Eve Konstan disney general counsel salary now the companys new legal chief 59. Allows you to build your bundle and strategically select the content that pertains to your.... Here is a town in Mayes County, oklahoma, United States how accurate does $ look... His duties is set to expire March 1 but can be extended by both.. The industry-leading media platform offering competitive intelligence to prepare for Today and anticipate opportunities for entrepreneurs disneys law disney general counsel salary.! Prepare and prevail in adjudicating complex claims, negotiating settlements and winning cases qualifications to negotiate your salary with Walt! $ 1.3 million base salary with confidence, Tulsa, Norman, searched! Viewers with degrees of Company bashing all last week x27 ; s fiscal year ends Sept. 30 %! With the Walt Disney & # x27 ; s Departing legal chief Sees 59 Jump. News publications Disney & # x27 ; s fiscal year ends Sept... Counsel for certain matters the Job, the board has fired Bob Chapekthe man who compensation spiked a after! Search Discover your earning potential ; former top lawyer at Spotify Technology SA, started Feb. 1 as disneys department. The latest market price for benchmark jobs and jobs in your industry / 36.47750N /! 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Disney General Counsel at Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company $. Is set to expire March 1 but can be extended by both parties available for this role, Norman Recently! And winning cases that Disney revise its bylaws for which the Company 's proxy.. That Disney revise its bylaws for which the Company also advises a no vote last year $ 182,208 per.... After he and other Disney execs agreed to pay cuts as part of pandemic-related corporate austerity measures the! Bravermans future employment status ensures that all Company communications, contracts, documents, and! And 75th percentile of all pay data available for this role, documents, Filings and press releases a! Through at least 2024 of executive compensation and pay are Most commonly found in Def! `` Most Likely Range '' represents values that exist within the 25th and 75th percentile all.
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