Disney shareholders throw out CEO's pay package as 'excessive'
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Los Angeles
WALT Disney shareholders rejected an executive compensation plan that could reward chief executive officer Bob Iger with up to US$48.5 million a year over four years, plus an equity grant worth about US$100 million, in a non-binding vote on Thursday.
The total compensation is tied to the closing of Disney's planned US$52.4 billion acquisition of film and TV assets from Twenty-First Century Fox and meeting performance targets.
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