Before Bob Iger returned to the helm of Disney, the entertainment giant signed him to a $10 million deal to advise his successor Bob Chapek—even though the two executives were hardly speaking.
Iger, who rejoined the company as CEO last week after Chapek's ousting, was on a $2 million a year contract until 2026 to advise “on such matters as his successor as chief executive officer may request from time to time,” according to terms disclosed in Disney corporate filings reported by the Financial Times. The agreement came into force when Iger left his role as executive chairman at the end of 2021.
