Disney board member reelection opposed

Proxy advisory firm Glass Lewis Friday opposed reelection of half of Wally Disney's ten member board proclaiming excessive professional compensation then one director's ties with a bank that was snapped up by authorities physiques in 2008. Glass Lewis mentioned four nominees, Susan Arnold, John Chen, Fred Langhammer and Alwyn Lewis, offered round the committee that granted Boss Robert Iger north of $Thirty Dollars million in general compensation for fiscal 2011. Glass Lewis written that according to its dimensions, a control button overall "paid out greater than its peers, but completed moderately worse than its peers" Disney had mentioned within the proxy statement, that's where companies list the salaries from the 5 best finest paid out professionals, a lot of Iger's pay was connected with Disney performance. Iger wasn't the finest paid out media topper a year ago. Viacom leader Philippe Dauman was granted $43 million in general compensation. Another Mouse director, Orin Cruz was round the board of Washington Mutual from 2005 until its seizure with the FDIC in September 2008, serving round the audit and governance committees, mentioned Glass Lewis, watching, "We're feeling those of Washington Mutual's company company directors bear some responsibility for your company's excessive risk-if you take your introduced towards the collapse." Traders will election to elect company company directors at Disney's annual traders meeting next Tuesday in Might, Missouri. Iger may even formally succeed retiring John Pepper as chairman in the board. That's another bone of contention with Glass Lewis, which favors the chairman and Boss being split positions although some companies acquire one area of the role. Iger expects to step lower as Wally Disney Boss in 2015. Contact the number newsroom at news@variety.com