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. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $280,468 look to you? BREAKING: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime. Copyright 2023 American Bar Association. Disney's fiscal year ends Sept. 30. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Read more from. 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. Job posted 6 hours ago - The Walt Disney Company (Corporate) is hiring now for a Full-Time Associate Principal Counsel - Disneyland Resort in Baldwin Park, CA. Apply to Senior Counsel, Associate General Counsel, General Counsel and more! The estimated total pay for a Counsel at Walt Disney Company is $222,997 per year. View the job description, responsibilities and qualifications for this position. 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. Schwarz didnt respond to a request for comment. Location : Burbank, CA. 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. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. 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. 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. About Disney, OklahomaDisney is a town in Mayes County, Oklahoma, United States. 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. forms: { Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. 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. Additionally, he is entitled to an annual incentive bonus of 200% of his salary, and an annual equity award worth 500% of his annual salary, according to Law360. } 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. Customer Service| May engage and coordinate with outside counsel for certain matters. Deadline is a part of Penske Media Corporation. 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). Our Standards: The Thomson Reuters Trust Principles. 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. The population was 311 at the 2010 census. (function() { Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. on: function(evt, cb) { Average salaries for Walt Disney Company General Counsel: $181,832. 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. P.C. 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 joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Related Searches:All Deputy General Counsel Salaries|All Walt Disney Company Salaries. Search more salaries here: Top Division Information Technology Executive, General Counsel Salaries with a JD, MD, PhD or Equivalent, View the Cost of Living in Disney, Oklahoma, Detailed skills and competency reports for specific positions. The estimated base pay is $182,038 per year. Your input helps Glassdoor refine our pay estimates over time. Check out the latest Walt Disney Company Jobs. 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. You may also find the annual proxy statement by going directly to the company's website. 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 Deputy General Counsel Jobs or see Deputy General Counsel Salaries at other companies. 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. 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 activist investor also plans to submit a proposal that Disney revise its bylaws for which the company also advises a no vote. Braverman earned more than $13.7 million from Disney in 2019. All proxy statements are public filings made available to the general public by the SEC. The estimated base pay is $163,094 per 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. 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 Not the job you're looking for? Additional pay could include bonus, stock, commission, profit sharing or tips. In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. 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. Source: Wikipedia (as of 04/11/2019). Both options are priced the same. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. 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. Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750; -95.02028 (36.477501, -95.020272). The estimated base pay is $163,261 per year. Analyze the market and your qualifications to negotiate your salary with confidence. 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. See here for a complete list of exchanges and delays. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Oklahoma City,Tulsa,Norman, Recently searched related titles: This report is not for commercial use. 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. Catoosa, OK, Onin Staffing - Learn more about a Bloomberg Law subscription. 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. Disney recommends shareholder vote him down. The estimated total pay for a Attorney at Walt Disney Company is $168,589 per year. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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 estimated total pay for a Deputy General Counsel at Walt Disney Company is $279,993 per year. Salary information comes from 2 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 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. 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. 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. Those individuals include senior executive vice president, general counsel, and corporate secretary Alan Braverman, whose total pay last year dropped to $9.2 million, including nearly $1.6 million in cash and almost $6.9 million in stock awards. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Site Map, Advertise| Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. 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.. The estimated total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 per year. NEWS. All rights reserved. Spotify hired Regan Smith, a former legal chief for the U.S. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. 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. 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 Jan. 20, 2022, 4:00 AM. Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. Learn more about a Bloomberg Law subscription. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. 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. Log in to access all of your BLAW products. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $222,997 look to you? Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. Aramark, HILTON WORLDWIDE HOLDINGS, POTBELLY CORP, Based on HR-reported data: a national average with a geographic. Disney noted that it has recommended to the compensation committee of its board that Gutierrez be granted equity awards with a target value of $10 million. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. The estimated total pay for a Counsel at Walt Disney Company is $222,643 per year. 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. Your input helps Glassdoor refine our pay estimates over time. Search thousands of open positions to find your next opportunity. } ); 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. 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. Provides guidance and counsel to management on business transactions and initiatives. 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. He also took a 30% salary cut from April 5 to Aug. 22, dropping his total salary from $1.66 million in 2019 to $1.58 million in fiscal year 2020. } 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. The estimated additional pay is $59,548 per year. Gutierrez will join Disney having previously worked at Spotify as head of global affairs and chief legal officer. Average salaries for Walt Disney Company Deputy General Counsel: [salary]. Disney has made several personnel announcements this month, including appointing a new chief counsel for sports media giant ESPN, but as of mid-December had yet to publicly disclose a successor for its legal chief of nearly 19 years. General Counsel Compensation by Ethnicity (All Companies) Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. 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. 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). listeners: [], The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. Disney is a town in Mayes County, Oklahoma, United States. 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. Give us feedback, share a story tip or update, or report an error. 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. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Despite its name, it is in no affiliation with .More, Disney, Oklahomaarea prices were up 1.2% from a year agoView the Cost of Living in Disney, Oklahoma, General Counsel Salary in popular cities: { 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. We want to hear from you! Copyright 2023 ALM Global, LLC. 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. Despite the big paychecks, the overall total cash compensation for the top 100 general counsel declined nearly 2 percent in 2015.
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