disney general counsel salary

The population was 311 at the 2010 census. Horacio Gutierrez will collect a $1.3 million base salary with the opportunity to earn millions more in . Average salaries for Walt Disney Company Senior Counsel: $183,266. . Alan Braverman received $16.7 million in total compensation. How much does a General Counsel make in Disney, OK? 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. Average salaries for Walt Disney Company Deputy General Counsel: [salary]. BREAKING: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime. Additional pay could include bonus, stock, commission, profit sharing or tips. The remainder of his 2020 compensation mostly stemmed from stock and options awards. 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. For a real-time salary target, tell us more about your role in the four categories below. on: function(evt, cb) { Schwarz didnt respond to a request for comment. 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. See here for a complete list of exchanges and delays. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Disney's fiscal year ends Sept. 30. 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.. Spotify hired Regan Smith, a former legal chief for the U.S. 2023 Deadline Hollywood, LLC. As more law firms announce bonuses, some pay extra for higher hours. Responsible for the development of functional or business unit strategy for the entire organization. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. The estimated additional pay is $39,820 per year. 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. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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. 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. Site Map, Advertise| 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. 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 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. Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Disney disclosed a temporary consulting agreement with Braverman dated Jan. 7 that reveals he will be paid $40,000 for up to 20 hours of work each month with an extra $2,000 paid to him for each additional hour of service. 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. Aramark, HILTON WORLDWIDE HOLDINGS, POTBELLY CORP, Based on HR-reported data: a national average with a geographic. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. reports. The estimated base pay is $163,261 per year. Stoney Creek Hotel & Conference Center, Broken Arrow, OK -. ESPN also promoted former assistant chief counsel Rosetta Ellis-Pilie to be its vice president of talent development and negotiations as of May 1, 2021. Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750; -95.02028 (36.477501, -95.020272). The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Check out the latest Walt Disney Company Jobs. Catoosa, OK, Onin Staffing - Disney recommends shareholder vote him down. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. The population was 311 at the 2010 census. Additional pay could include bonus, stock, commission, profit sharing or tips. Counsel - Securities & Corporate Governance Apply Now Apply Later Job ID 10016997 Location Burbank, California, United States Business The Walt Disney Company (Corporate) Date posted Jan. 13, 2023 Flex Type Hybrid - This role is considered hybrid, which means the employee will work a portion of their time on-site from a Company designated location and the remainder of their time remotely. Braverman, who spent nearly two decades in the top legal chair at Disney, received almost $16.7 million in total compensation last year from the Burbank, Calif.-based company. Bloomberg data shows that Braverman currently owns almost $19.1 million in Disney stock. May engage and coordinate with outside counsel for certain matters. The estimated additional pay is $59,737 per year. Executes multiple high impact initiatives to achieve overall corporate goals. Law Firm Partner, Salary estimation for General Counsel at companies like : For its 2019 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Hes entiled to $2.5 million in remaining base salary through the end of his original employment agreement, $1.5 million equivalent to a target 2022 bonus, and a buyout of the home he purchased in Southern California when he took the job. event : evt, The General Counsel reviews changes to law and regulations and advises management about any impact to the business. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? Spotify general counsel Eve Konstan is now the companys top lawyer. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Candy Lawson, a former London-based group chief compliance officer at Disney, left the company last year to become compliance chief and senior deputy general counsel at Comcast Corp. Lawson joined Disney in 2019 as part of its $71 billion acquisition of 21st Century Fox Inc.s entertainment assets. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. https://www.law.com/corpcounsel/2022/01/20/walt-disney-general-counsel-alan-braverman-collects-16m-pay-package-before-retirement/. 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. All proxy statements are public filings made available to the general public by the SEC. Both options are priced the same. Read more from. Braverman didnt respond to a request for comment about his potential post-Disney plans, succession planning for the legal chief position, or promotion of Schwarz to compliance chief. The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. 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. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. To view this content, please continue to their sites. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Join Corporate Counsel now! Requires a Juris Doctor degree from an accredited law school and may require admittance to a state bar. req.) Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. 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.. The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. 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. We want to hear from you! Learn more about a Bloomberg Law subscription. Despite the dip in total compensation, Braverman sold off a sizeable amount of Disney stock last yearnearly $22.9 million worth of his holdings in the company, according to securities filings. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. 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. Check out the latest Counsel Jobs or see Counsel Salaries at other companies. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. } 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. 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. DISNEY (WALT) CO Fiscal Year Ended in 2021 View local and national averages for salaries $1,799,000 Base Pay $7,000,000 Bonus + Non-EquityIncentive Comp $8,799,000 Total Cash Comp $4,543,772 Stock Award Value $3,221,042 Option Award Value $7,764,814 Total Equity $97,050 Total Other $16,660,864 Total Compensation Enter an executive or company name For questions call 1-877-256-2472 or contact us at [emailprotected], How Kirkland and Latham Ruined Lockstep and Caused the Shearman-Hogan Lovells Merger Talks, Concerns Over Layoffs, Expenses, Office Policies Loom Over 2023 Outlook, Latest Shearman Partner Quits Amid Merger Talks, Cravath's Katherine Forrest Departs for Paul Weiss, A Guide to Making Equity at Kirkland & Ellis. 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Pay package for retiring general counsel an increase over 2020. listeners: [], Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Braverman earned more than $13.7 million from Disney in 2019. (function() { 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. 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. But just months into the job, the board has fired Bob Chapekthe man who . Braverman announced in July that he would retire at the end of 2021. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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. } Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - She was promoted to assistant general counsel in 2018. Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. 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. Get the latest market price for benchmark jobs and jobs in your industry. Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications, The Burbank, California-based media and entertainment giant paid. Source: Wikipedia (as of 04/11/2019). Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Copyright Office, last summer to be its head of public policy and government affairs. The Walt Disney Co.'s longtime top lawyer Alan Braverman saw his total pay increase significantly during his final year at the . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. 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). Countries. Claremore, OK. Individualize employee pay based on unique job requirements and personal qualifications. How much does a General Counsel make in Disney, OK? Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. { 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. 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, . Your input helps Glassdoor refine our pay estimates over time. Copyright 2023 ALM Global, LLC. All Rights Reserved. Defines corporate vision and strategy establishes company direction and focus. You may also find the annual proxy statement by going directly to the company's website. Apply today at CareerBuilder! Disney will go through the sale process and realize any gains or losses on the sale of the property. Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. View the job description, responsibilities and qualifications for this position. Horacio Gutierrez's contract will keep him at Disney through at least 2024. Jacob Jack Yellin, a veteran in-house lawyer at Disney who has served as a senior vice president, associate general counsel, and compliance chief since 2011, didnt respond to a request for comment about his status with the company. 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. 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. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Your article was successfully shared with the contacts you provided. 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. 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. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Location : Burbank, CA. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. 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 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. window.mc4wp.listeners.push( The estimated total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 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. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. NEWS. License our industry-leading legal content to extend your thought leadership and build your brand. The activist investor also plans to submit a proposal that Disney revise its bylaws for which the company also advises a no vote. Walt Disney General Counsel Took Big Pay Cut Last Year Alan Braverman and several other top execs at the company agreed to give up sizeable bonuses to help offset losses due to COVID-19.
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