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Disney shareholders throw out CEO's pay package as 'excessive'

CEO Bob Iger with Disney's Minnie Mouse character at the unveiling of her star on the Hollywood Walk of Fame in Los Angeles, in January. Total shareholder return has jumped 414 per cent during Mr Iger's tenure at Disney.

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...