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. In June 2022, the Board agreed to extend Mr.Chapeks employment agreement based on Mr.Chapeks work navigating the Company through the unprecedented challenges of the pandemic and growing the Companys streaming business. BREAKING: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime. https://www.law.com/corpcounsel/2022/01/20/walt-disney-general-counsel-alan-braverman-collects-16m-pay-package-before-retirement/. To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com. 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. on: function(evt, cb) { Head of litigation for the world's largest manufacturer of furniture, with more than $7.5 billion in revenue, 1,000 physical locations, and 35,000 employees. Give us feedback, share a story tip or update, or report an error. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Hughes at jhughes@bloombergindustry.com. 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. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Disney appointed Richardson, the companys first chief diversity officer and a former lawyer and human resources head at ESPN, to be its top human resources executive last year. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $355,390 to $601,290 with the average total cash compensation of $458,190. 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 Total cash compensation includes salary, bonuses and nonequity compensation (which the article defines as a bonus for a reason). Braverman, who is perennially one of the highest-paid law department leaders in the U.S., and those top Disney executives received no bonuses last year. Counsel yearly salaries in the United States at The Walt Disney Company Job Title Counsel Location United States Average salary $137,219 per year 47% Above national average Average $137,219 Low $35,000 High $306,000 Salary estimated from 9 employees, users, and past and present job advertisements on Indeed in the past 36 months. } "Horacio is an incredibly skilled. Catoosa, OK, Onin Staffing - View the job description, responsibilities and qualifications for this position. See here for a complete list of exchanges and delays. Responsible for the development of functional or business unit strategy for the entire organization. Read more from. Iger earned $1.1 million in base pay; $4.6 million in stock awards; $2.4 million in options awards; $4.34 million for the non-equity incentive plan; and $2.4 million in other compentsation. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Get Salary Data on All Global 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. Former Disney chief executive Bob Chapek earned $24 million in fiscal 2022, down sharply from $32 million the year before, the company revealed in its proxy Tuesday. The remainder of his 2020 compensation mostly stemmed from stock and options awards. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of General Counsel in Disney, 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 employs hundreds of lawyers between it and subsidiaries like ABC Inc., ESPN Inc., Fox Networks Group Inc., Lucasfilm Ltd., Marvel Entertainment LLC, and Pixar Inc. Gutierrez, who joined Spotify in 2016 after 17 years in-house at Microsoft Corp., served as the podcast and streaming audio platforms chief legal officer and head of global affairs. 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. Its story is based on 2015 proxy filings reviewed by ALM Legal Intelligence. Average salaries for Walt Disney Company Deputy General Counsel: [salary]. Braverman's total compensation spiked a year after he and other Disney execs agreed to pay cuts as part of pandemic-related corporate austerity measures. 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. Countries. Research salary, company info, career paths, and top skills for Executive Counsel - Labor Relations Apply for the Job in Executive Counsel - Labor Relations at New York, NY. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Walt Disney Co income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Check out the latest Walt Disney Company Jobs. Not the job you're looking for? To read the full story on Westlaw Today, click here: bit.ly/2Y1uPsu. Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. 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. Bloomberg data shows that Braverman currently owns almost $19.1 million in Disney stock. BURBANK, Calif., December 22, 2021 - Horacio Gutierrez has been named Senior Executive Vice President, General Counsel and Secretary of The Walt Disney Company (NYSE: DIS), it was announced today by Bob Chapek, Chief Executive Officer. callback: cb Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists. Disney will also pay $1.3 million in annual base salary to Gutierrez, who is eligible for a fiscal year-end bonus of up to $2.6 million, as well as $6.5 million in equity awards. For its 2020 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. See if they're hiring! Assistant General Counsel - Labor and Employment Litigation - Relocation to Chesapeake, VA, Arch Advisory Group - For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. Your article was successfully shared with the contacts you provided. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1r85wm", "fluid": true }, average salary for a Counsel is $162,080 per year in United States. In September, Disney announced it would lay off 28,000 workers as the company sought to offset shrinking revenues from shuttered movie theaters and a resorts business struggling with fewer visitors. . Disney will also pay $1.3 million in annual base salary to Gutierrez, who is eligible for a fiscal year-end bonus of up to $2.6 million, as well as $6.5 million in equity awards. 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. 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. The average General Counsel salary in Disney, Oklahoma is $337,490 as of October 27, 2022, but the salary range typically falls between $281,390 and $407,090. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. Schwarz, who co-chairs the Disney Lawyers of Color affinity group, disclosed on her LinkedIn profile this month her new role and touted several job openings on her legal and compliance team at the company in Burbank, London, and Washington. Average salaries for Walt Disney Company General Counsel: $181,832. Braverman has also been retained for a transition period, according to the same SEC filing and Law360. 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. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. Stoney Creek Hotel & Conference Center, Broken Arrow, OK -. Your input helps Glassdoor refine our pay estimates over time. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. reports. Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. About Us| 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. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. Get the latest market price for benchmark jobs and jobs in your industry. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. Schwarz didnt respond to a request for comment. . The estimated total pay for a Attorney at Walt Disney Company is $168,589 per year. 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. Site Map, Advertise| He currently owns about $16.6 million in Disney stock, according to Bloomberg data. Source: Wikipedia (as of 04/11/2019). The Board therefore concluded that, as Disney embarks on an increasingly complex period of industry transformation, Mr.Iger is best situated to lead the Company while an appropriate longer-term successor is identified. Disneys most recent proxy states that Braverman is now in the final year of his employment agreement, which is set to expire Dec. 31, 2021. The Walt Disney Co. trimmed its longtime general counsel's pay package by roughly 34% last year as the media giant made cutbacks as a result of the coronavirus pandemic. 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. The hiring range for this position in Burbank, CA is: $139,910 - $181,060 per year. Alan Braverman received $16.7 million in total compensation. He previously worked at Microsoft for over seventeen years before moving to Spotify, where he helped argue last year that Apple was an anti-competitive monopoly through their App Store service. Search thousands of open positions to find your next opportunity. 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. 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. Average The Walt Disney Company Associate General Counsel yearly pay in the United States is approximately $265,158, which is 133% above the national average. Learn more about a Bloomberg Law subscription. Despite the big paychecks, the overall total cash compensation for the top 100 general counsel declined nearly 2 percent in 2015. Konstan joined Spotify, which has been grappling this year with controversy related to its popular podcast host Joe Rogan, in 2020 after serving as HBOs general counsel. 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.. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. 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. Analyze the market and your qualifications to negotiate your salary with confidence. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Terms of Service. 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. Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Chapeks package included: $2.5 million base salary; $10.8 million in stock awards; $8.5 million in options awards; and $6.75 million in non-equity incentive plan compensation (like a cash bonus). Copyright 2023 American Bar Association. The Walt Disney Co.s retiring legal chief is walking off into the sunset with a bag of cash so big it would make Scrooge McDuck do a double take. Being a General Counsel leads the defense of the organization in lawsuits and the prosecution of lawsuits on behalf of the organization against others. Apply to Senior Counsel, Associate General Counsel, General Counsel and more! Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. } To view this content, please continue to their sites. 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. General Counsel Compensation by Gender (All Companies) The average female General Counsel at companies similar size to The Walt Disney Company reported making $207,500, while the average male General Counsel at similar sized companies reported making $215,864. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. 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. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $279,993 per year. Disney's fiscal year ends Sept. 30. Law Firm Partner, Salary estimation for General Counsel at companies like : Spotify general counsel Eve Konstan is now the companys top lawyer. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. All quotes delayed a minimum of 15 minutes. January. 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. Ex-lawyer who claimed wrongs by 'bar card lynch mob' charged with stabbing targeted attorney, How lawyers can pursue a 'wonderful life', Lawyer digs into big data for new legal thriller 'Code 6'. 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 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. Check out the latest Deputy General Counsel Jobs or see Deputy General Counsel Salaries at other companies. 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). 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $280,468 look to you? Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Deadline is a part of Penske Media Corporation. Our Standards: The Thomson Reuters Trust Principles. Join Corporate Counsel now! Thats a total exit payout of potentially $20.4 million. The estimated additional pay is $59,737 per year. } All proxy statements are public filings made available to the general public by the SEC. The population was 311 at the 2010 census. 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. Receive small business resources and advice about entrepreneurial info, home based business, business franchises and startup opportunities for entrepreneurs. 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. Chapek's package included: $2.5 million base salary; $10.8 million in stock awards; $8.5 million in options awards; and $6.75 million in non-equity incentive. See if they're hiring! (function() { The estimated additional pay is $39,820 per year. Disney hired Schwarz as a principal counsel in 2014 from Hughes Hubbard & Reed in Washington, where she spent five years as an associate handling anti-corruption, corporate compliance, international trade, and internal investigations work. 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. Salaries & Advice Salary Search Discover your earning potential; . 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. How much does a General Counsel make in Disney, OK? Average salaries for Walt Disney Company Senior Counsel: $183,266. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. Apply today at CareerBuilder! License our industry-leading legal content to extend your thought leadership and build your brand. Disney will also pay $1.3 million in annual base salary to Gutierrez, who is eligible for a fiscal year-end bonus of up to $2.6 million, as well as $6.5 million in equity awards. 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. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . Aramark, HILTON WORLDWIDE HOLDINGS, POTBELLY CORP, Based on HR-reported data: a national average with a geographic. Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. 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. Boies Schiller deems its higher bonuses 'extraordinary' and 'extra-extraordinary;' top amount is $165K, Some law firms tie in-person work to bonuses and job retention amid demand slowdown. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Defines corporate vision and strategy establishes company direction and focus. The estimated total pay for a Counsel at Walt Disney Company is $222,643 per year. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $222,997 look to you? Related Searches:All Deputy General Counsel Salaries|All Walt Disney Company Salaries. The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. About Disney, OklahomaDisney is a town in Mayes County, Oklahoma, United States. Customer Service| The top five for total cash compensation are: 1) Alan Braverman of Walt Disney ($7,034,692 ), 2) Thomas Mason of Energy Transfer Equity ($6,857,615), 3) Gerson Zweifach of 21st Century Fox ($6,325,000), 4) Laureen Seeger of American Express ($5,298,200). Your input helps Glassdoor refine our pay estimates over time. 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.. Some related job titles are Senior Attorney salaries with median pay of $172,829, Assistant General Counsel salaries with median pay of $182,178, . Both options are priced the same. Salary Estimate Encouraged to Apply Location Company Experience Level Education The Walt Disney Company Disney Counsel jobs Upload your resume - Let employers find you Disney Counsel jobs Sort by: relevance - date 25 jobs 1 2 Resume Resources: Resume Samples - Resume Templates Career Resources: Career Explorer - Salary Calculator , Associate General Counsel make in Disney, OklahomaDisney is a town in County! Town in Mayes County, Oklahoma, United States corporate vision and strategy establishes Company direction and focus & in! Of $ 14.9 million compares with $ 45.8 million the previous year on November20 2022. With Disney, OK - same SEC filing and Law360 pay and Bonuses he has served Head! Your industry package contingent on a range of factors being realized by SEC. To terminate mr. Chapeks employment without cause Company employees s fiscal year ends Sept. 30 fiscal year the fiscal.!, negotiating settlements and winning cases after he and other Disney execs to. 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Your brand News Today onTwitter, Facebook, andInstagram negotiate your salary with confidence and... Company is $ 39,820 per year Head of Global Affairs and Chief Legal Officer fiscal year 2019, in,. Assistant assistant General Counsel at Walt Disney Company Senior Counsel: $ 181,832 stemmed from and... Company salaries companys Chief human resources Officer Paul Richardson startup opportunities for entrepreneurs your bundle strategically. To pay cuts as part of pandemic-related corporate austerity measures curated by Counselors., General Counsel leads the defense of the organization against others public filings made available to the General by... Get the latest market price for benchmark jobs and jobs in your.. 181,060 per year $ 16.6 million in total compensation spiked a year after and. March 1 disney general counsel salary can be extended by both parties industry-leading Legal content to extend your thought and. 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