January 12, 2008 / 12:18 AM / 12 years ago

Disney says Iger's salary rose 7 percent to $27.7 million

Robert Iger, president and chief executive of The Walt Disney Co. in Hollywood, California October 24, 2007. Iger received a 7 percent increase in total compensation in fiscal 2007, to $27.7 million, according to a filing with the U.S. Securities and Exchange Commission on Friday. REUTERS/Fred Prouser

LOS ANGELES (Reuters) - Walt Disney Co (DIS.N) President and Chief Executive Robert Iger received a 7 percent increase in total compensation in fiscal 2007, to $27.7 million, according to a filing with the U.S. Securities and Exchange Commission on Friday.

Disney paid Iger a $2 million base salary, plus a $13.7 million bonus. The company expensed $7.9 million in stock awards and $2.2 million in option awards for Iger during the fiscal year ended September 30, the company’s proxy showed.

Disney will hold its annual meeting on March 6 in Albuquerque, New Mexico, the setting for the Disney Channel hit movie, “High School Musical.”

Reporting by Gina Keating; Editing by Andre Grenon

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