Walt Disney Boss Bob Iger Asked to Take 15% Pay Cut Despite 'Strong Results'

The boss of Walt Disney has seen his compensation package dramatically cut by 15% this year despite "strong results".

Bob Iger, chief executive officer of the multinational mass media corporation, was awarded $34.3m (£21m, €25.1m) in 2013, down from $40m the year before.

Disney explained Iger's base salary remained the same at $2.5m, but his bonus was $3m less over the period.

The firm reduced Iger's bonus because the company's "strong results did not outperform against the committee's established performances ranges in fiscal 2013 by the same extraordinary amount as in fiscal 2012."

Shareholders have filed two suggestions to be voted on at the company's annual general meeting next year, which will give them an increased ability to nominate candidates for the organisation's board and put limits on the acceleration of executive pay awards.

In addition, the shareholders' access suggestion would allow those owning 3% of the stock for at least three years to propose a nominee to the board and have the name appear in the proxy.

But Disney said its board opposed both measures.