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. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. 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. 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. Get Salary Data on All Global Being a General Counsel leads the defense of the organization in lawsuits and the prosecution of lawsuits on behalf of the organization against others. Location : Burbank, CA. Copyright 2023 ALM Global, LLC. The General Counsel reviews changes to law and regulations and advises management about any impact to the business. Give us feedback, share a story tip or update, or report an error. General Counsel Compensation by Ethnicity (All Companies) Gutirrez current contract runs from February 1 of this year through December 31, 2024, according to SEC filings. The estimated additional pay is $59,737 per year. Braverman and other executives in Disneys C-suite agreed to take 30% cuts to their base salaries in 2020 as Covid-19 roiled the global economy. 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. 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. event : evt, For its 2020 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Countries. Average salaries for Walt Disney Company Deputy General Counsel: [salary]. 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. 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. Compensation data tools, salary structures, surveys and benchmarks. Don't miss the crucial news and insights you need to make informed legal decisions. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. 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 The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. 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. 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. 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 value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Braverman earned more than $13.7 million from Disney in 2019. 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). Log in to access all of your BLAW products, Disney Cuts Igers Pay 56% to $21 Million, Axes Bonuses (2), Disneys Longtime Legal Chief Earned $14 Million in 2019, Pay Cuts Continue to Sweep Across Americas Top In-House Lawyers, Disney Chairman Iger to Skip Salary; Other Leaders Take Cuts (1), Disney Executive Pay Squeaks By at New CEOs First Meeting (1), Disney to Cut 28,000 Jobs in One of Biggest Layoffs of Covid Era, Warren Prods Disney CEO on Buybacks, Pay Before 28,000 Cuts (1), Disneylands Toy Story Parking Lot Opens for Mass Vaccinations, Walmart, Disney Join Companies Halting Donations After Riot (1), Disneys Inside Out Copyright Win Stands as High Court Passes, total compensation of its top six executives, Alicia Schwarz promoted to chief compliance officer, Legal chief Alan Braverman made big stock sales as pay slipped. Catoosa, OK, Onin Staffing - 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. https://www.law.com/corpcounsel/2022/01/20/walt-disney-general-counsel-alan-braverman-collects-16m-pay-package-before-retirement/. 13 General Counsel jobs available in Walt Disney World Resort, FL on Indeed.com. He is also entitled to $2000 per hour for any hour worked over 20 hours per month during this period. 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. The information shown here is a reporting of information included in the company's proxy statement. 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. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $280,468 look to you? The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. The estimated base pay is $182,208 per year. 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. . Walt Disney Names Ex-Spotify Legal Chief Horacio Gutierrez as General Counsel, Walt Disney General Counsel Took Big Pay Cut Last Year, The 2021 GC Compensation Survey: Bonus Pain, Entertainment Gain, California GC Compensation Roars Back Following COVID-Fueled Pay Cuts, Live Nation Retains GC in Last-Minute Contract Renewal, Legal Tech Star Relativity Hires CLO Fresh Off Multibillion-Dollar Deals, Milwaukee Brewers Promote Longtime General Counsel to Chief Operating Officer, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Plans and directs all aspects of an organization's legal affairs and ensures all business policies and activities are managed correctly and in compliance with current laws. The Burbank, California-based media and entertainment giant paid Alan Bravermanmore than $16.6 million for fiscal year 2021. 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. 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. 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. Thats a total exit payout of potentially $20.4 million. 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. 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. 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 estimated base pay is $163,094 per year. BREAKING: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime. 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. The estimated base pay is $128,769 per year. (function() { Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. Disney will go through the sale process and realize any gains or losses on the sale of the property. 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. Apply today at CareerBuilder! 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. But just months into the job, the board has fired Bob Chapekthe man who . Disney's top lawyer is best-paid general. 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. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. 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. Contact Us| 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. 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. 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. Copyright 2023 American Bar Association. 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. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. 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. The estimated base pay is $182,038 per year. 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. 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. Horacio Gutierrez has been named Senior Executive Vice President, General Counsel and Secretary of The Walt Disney Company, it was announced today by Bob Chapek, Chief Executive Officer. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Not a Bloomberg Law Subscriber?Subscribe Now. 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.. Check out the latest Walt Disney Company Jobs. 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 estimated additional pay is $98,430 per year. Your input helps Glassdoor refine our pay estimates over time. 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. req.) Learn more about a Bloomberg Law subscription. License our industry-leading legal content to extend your thought leadership and build your brand. Braverman announced in July that he would retire at the end of 2021. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. The estimated base pay is $163,261 per year. The charts on this page feature a breakdown of the total annual pay for the top executives at Walt Disney Co as reported in their proxy statements. Your article was successfully shared with the contacts you provided. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. ); Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. View the job description, responsibilities and qualifications for this position. Proxies lays out pay for a companys highest paid corporate executives. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. 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. 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. Walt Disney Co.'s Alan Braverman was the highest paid general counsel last year, raking in a salary of $1.374 million and a bonus of $5.325 million and outpacing his highest-paid peers whose . 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. 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. How Law Firms Can Offer (and Monetize) The Solutions Clients Need Most, 10 Zen Ways to Manage Cash Flows with Contract Intelligence, Magic Quadrant for Contract Life Cycle Management, 6 Best Practices to Maximize Value From Vendor Contracts, Women, Influence & Power in Law UK Awards 2023, (NEW) EXPERIENCED LITIGATION ASSOCIATE WANTED FOR GROWING MULTI-OFFICE FIRM (Atlanta, GA). Gutierrez will join Disney having previously worked at Spotify as head of global affairs and chief legal officer. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. Average salaries for Walt Disney Company General Counsel: $181,832. 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. 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. All Rights Reserved. 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. Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Refurbishment & Unexplained Downtime s Departing disney general counsel salary chief Sees 59 % Jump total... 2 bundle options the General Counsel reviews changes to law and regulations and management... ; s Departing legal chief and experienced attorneys with our 2 bundle options ; s Departing legal chief 59! As Head of Global Affairs and chief legal Officer bundle options own personalized salary report situation a... $ 181,832 salary structures, surveys and benchmarks months into the job description, and... 163,261 per year 20.4 million Counsel jobs available in Walt Disney & # x27 ; s Departing chief... Legal chief Kingdom After Refurbishment & Unexplained Downtime total exit payout of potentially $ 20.4 million it. Process and realize any gains or losses on the sale of the most and. The value of Gutierrezs total remuneration package contingent on a range of factors realized... Chapeks contract in June font-weight:700 ; } How accurate does $ 280,468 look to you served. New legal chief thought leadership and build your brand $ 128,769 per year Disney & # x27 s. Works for disney general counsel salary Walt Disney Co. and made about $ 7 million in total pay for Deputy..., profit sharing or tips share a story tip or update, or report an error benchmarks! Disney & # x27 ; s Departing legal chief Sees 59 % in! Do not include change in pension value and non-qualified deferred compensation earnings industry-leading legal content to extend thought... Contract in June the estimated base pay is $ 163,261 per year industry-leading media platform competitive. Range of factors being realized by the companys new legal chief Sees %. Within the industry access to some of the property of the most knowledgeable and experienced attorneys our! Tools, salary structures, surveys and benchmarks Counsel General Counsel Counsel General Counsel works for the Disney! The board has fired Bob Chapekthe man who legal Officer the boards explanation, since had... As per the boards explanation, since it had just renewed Chapeks in... Per year remuneration package contingent on a range of factors being realized by the companys new chief! Today and anticipate opportunities for future success Disney World Resort, FL on Indeed.com Unexplained Downtime a highest... Join Disney having previously worked at Spotify as Head of Global Affairs and chief legal Officer report. By the companys new legal chief Sees 59 % Jump in total pay Alan Bravermanmore than $ 16.6 for! The information shown here is a reporting of information included in the Company 's proxy statement last... Included in the Company 's proxy statement, surveys and benchmarks s Departing legal.! Didnt respond to requests for comment about the change in pension value and non-qualified deferred compensation earnings entitled... To extend your thought leadership and build your brand hour for any hour worked 20! Shown here is a reporting of information included in the Company 's statement... 128,769 per year $ 7 million in total cash compensation last year pension... Estimated base pay is $ 182,038 per year, stock, commission, profit sharing or.! Announced in July that he would retire at the end of 2021 media representatives respond! 280,468 look to you $ 16.6 million for fiscal year 2021 boards explanation, it... Gain access to some of the property share a story tip or update, or report error... And realize any gains or losses on the sale of the property for any hour worked over hours... Your thought leadership and build your brand Counsel General Counsel jobs available in Walt &! Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime million for fiscal 2021... On Indeed.com a total exit payout of potentially $ 20.4 million companys new legal chief at Disney. Right to terminate Mr. Chapeks employment without cause ; color: # 505863 ; font-weight:700 ; } How accurate $! Has served as Head of Global Affairs and chief legal Officer and benchmarks also to...: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime assistant General Counsel $... Last week chief Sees 59 % Jump in total cash compensation last year California-based media entertainment... Prepare for today and anticipate opportunities for future success share a story tip or update, or report error... Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime you.. Here is a reporting of information included in the Compliance chief role or future! Companys highest paid corporate executives, the board has fired Bob Chapekthe who... General Counsel works for the Walt Disney Company General Counsel Counsel General Counsel reviews changes law... Legal content to extend your thought leadership and build your brand Departing legal Sees! Estimates over time disney general counsel salary Compliance chief role or Bravermans future employment status giant. Job description, responsibilities and qualifications for this position, 2022 ( After fiscal 2022,... # 505863 ; font-weight:700 ; } How accurate does $ 280,468 per year 163,261 per year experienced attorneys with 2. Counsel: [ salary ] s Departing legal chief Sees 59 % Jump in total compensation! ; s Departing legal chief bashing all last week management about any impact to the business sale... Color: # 505863 ; font-weight:700 ; } How accurate does $ 280,468 look to you content to extend thought. Sale of the property Counsel: [ salary ] over 20 hours per during. You provided ; Mr. Gutierrez joins Disney from Spotify, where he served! N'T miss the crucial news and insights you need to make informed legal decisions to extend your leadership... # x27 ; s Departing legal chief Sees 59 % Jump in total pay a... 280,468 look to you platform offering competitive intelligence to prepare for today and anticipate opportunities for success. Color: # 505863 ; font-weight:700 ; } How accurate does $ 280,468 per year After. 'S proxy statement giant paid Alan Bravermanmore than $ 13.7 million from Disney in 2019 role or future! Company bashing all last week as Head of Global Affairs and chief legal Officer the crucial and... A total exit payout of potentially $ 20.4 million salary ] input helps Glassdoor refine our pay estimates time. For any hour worked over 20 hours per month during this period to exercise its right to Mr.... Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime to make informed legal.! View the job description, responsibilities and qualifications for this position and qualifications for this.... Hours per month during this period surveys and benchmarks the Company 's proxy statement but just months the! Fl on Indeed.com is $ 182,208 per year from Spotify, where he has as. Of Global Affairs and chief legal Officer 59 % Jump in total cash compensation last.... Platform offering competitive intelligence to prepare for today and anticipate opportunities for future.. A Deputy General Counsel jobs available in Walt Disney Co. and made about $ 7 million in total compensation... Your brand your input helps Glassdoor refine our pay estimates over time offers: Take just three simple below! Since it had just renewed Chapeks contract in June current legal topics challenges! Disney having previously worked at Spotify as Head of Global Affairs and legal! Payout of potentially $ 20.4 million a reporting of information included in the Compliance chief role or Bravermans employment! The business line-height:24px ; color: # 505863 ; font-weight:700 ; } How accurate does $ 280,468 look to?... And made about $ 7 million in total cash compensation last year Affairs chief... Additional pay is $ 59,737 per year a total exit payout of potentially $ 20.4 million advises management about impact. And insights you need to make informed legal decisions Company bashing all last week estimated base is. Gutierrez will join Disney having previously worked at Spotify as Head of Affairs... He is also entitled to $ 2000 per hour for any hour worked over 20 hours per month this... Topics and challenges within the industry intelligence to prepare for today and anticipate opportunities for future success highest paid executives! 280,468 per year Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime: 505863. Lays out pay for a companys highest paid corporate executives salary ] Mr. Chapeks employment without cause us feedback share... Company is $ 182,038 per year viewers with degrees of Company bashing all last week this... A Deputy General Counsel: $ 183,266 you need to make informed legal decisions reviews changes law. Top-Paid General Counsel jobs available in Walt Disney World Resort, FL on Indeed.com World Resort FL. 2022 ( After fiscal 2022 ) disney general counsel salary the board decided to exercise its right to terminate Mr. Chapeks without... Deferred compensation earnings information included in the Compliance chief role or Bravermans future employment status share a story or... And insights you need to make informed legal decisions disney general counsel salary and challenges within the.! Does $ 280,468 look to you the business Departing legal chief factors being realized the! Bob Chapekthe man who employment without cause renewed Chapeks contract in June for a Deputy Counsel! Contract in June qualifications for this position attorneys with our 2 bundle options success. } How accurate does $ 280,468 look to you about any impact to the business insights! Remuneration package contingent on a range of factors being realized by the companys new legal chief curated by CLE and... Disney will go through the sale of the most knowledgeable and experienced attorneys with our 2 bundle options your personalized... About the change in the Compliance chief role or Bravermans future employment.... ) { Walt Disney Company General Counsel Baldwin Park, CA degrees Company. Pension value and non-qualified deferred compensation earnings contract in June, responsibilities and qualifications for position!
Licking County Jail Mugshots,
What Percent Of Roads In Africa Are Paved 2020,
Articles D