Disney Shareholders Reject Call to Split Chairman-CEO Jobs

Sixty-five percent of investors opposed the proposal from three state pension funds.

Walt Disney Co. investors turned back calls for a future split of the two top jobs held by Chairman and Chief Executive Officer Robert Iger, rejecting the demands of three state pension funds.

Sixty-five percent of shareholders voting opposed the split, Disney said today at its annual meeting in Phoenix. The company’s executive compensation and bonus plans passed, and Iger was re-elected to the board with 98 percent support.

‘Good Job’

Iger’s fiscal 2012 compensation totaled $40.2 million based on SEC reporting rules, according to the company’s annual proxy filing. That includes a salary of $2.5 million, plus stock and option awards, incentive pay and an increase in the value of his pension.

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