Costfoto/Future Publishing via Getty Images, Walt Disneys Departing Legal Chief Sees 59% Jump in Total Pay, Disney Hires Spotifys Top Lawyer Gutierrez as Legal Chief (2), Disneys Top Lawyer Job Up for Grabs as Longtime Leader Departs, ESPN Elevates Longtime In-House Lawyer to Chief Counsel Role (1), Disneys Longtime Top Lawyer Stepping Down Amid New Legal Hires, Disney Cuts Top Lawyers Pay, Names New Compliance Chief, Disneys Longtime Legal Chief Earned $14 Million in 2019, Neil Young Blasts Spotifys Ek, Goes After Four Big Banks Next, Spotifys CEO Is Deeply Sorry But Wont Drop Joe Rogan, Joe Rogan Apologizes Amid Spotifys Vaccine Controversy (3), Spotify Snags Copyright Office Legal Chief as Public Policy Head, Spotifys Top Lawyer Has Spent Years Making Apple the Bad Guy (2), Former HBO General Counsel Jumps to Spotify, Spotifys GC on Moving from Microsoft to the Music Streaming Service, organizational development and strategic planning, Horacio Gutierrez gets $3.3 million in salary, sign-on bonus, Ex-GC Alan Braverman inks $40,000 per month consulting deal. Check out the latest Walt Disney Company Jobs. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. } 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. Alan Braverman received $16.7 million in total compensation. Thats a total exit payout of potentially $20.4 million. P.C. 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. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. req.) Disney disclosed a temporary consulting agreement with Braverman dated Jan. 7 that reveals he will be paid $40,000 for up to 20 hours of work each month with an extra $2,000 paid to him for each additional hour of service. 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. Contact Us| All rights reserved. } The Burbank, California-based media and entertainment giant paid Alan Bravermanmore than $16.6 million for fiscal year 2021. See if they're hiring! Responsible for the development of functional or business unit strategy for the entire organization. Compensation data tools, salary structures, surveys and benchmarks. We want to hear from you! Despite the big paychecks, the overall total cash compensation for the top 100 general counsel declined nearly 2 percent in 2015. View the job description, responsibilities and qualifications for this position. The remainder of his 2020 compensation mostly stemmed from stock and options awards. 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. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. 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. Gutierrez will join Disney having previously worked at Spotify as head of global affairs and chief legal officer. Spotify hired Regan Smith, a former legal chief for the U.S. But just months into the job, the board has fired Bob Chapekthe man who . 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. 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. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Related Searches:All Deputy General Counsel Salaries|All Walt Disney Company Salaries. Schwarz didnt respond to a request for comment. callback: cb The population was 311 at the 2010 census. The Stamford office of Epstein Becker & Green is seeking an attorney to work at the level of a mid-level or senior associate to join its We are a well-established Southern New Jersey law firm seeking an Associate with 2 to 7 years of experience to work in the areas of commerci Our client, an Atlanta based boutique law firm focusing on insurance and reinsurance coverage is seeking to add an experienced insurance cov O'BRIEN FIRM would like to announce that.. Law Offices of Robert G. Stahl, LLC proudly announces that Laura K. Gasiorowski has been promoted to partner and the firm will now be known as STAHL GASIOROWSKI, GREENBAUM ROWE SMITH & DAVIS LLP wants to announce that Sean R. McGowan has been named Co-Chair of our Real State Department. 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. 13 General Counsel jobs available in Walt Disney World Resort, FL on Indeed.com. 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. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. All Rights Reserved. Disney will go through the sale process and realize any gains or losses on the sale of the property. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $222,997 look to you? Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. How much does a General Counsel make in Disney, OK? Don't miss the crucial news and insights you need to make informed legal decisions. Senior Executive Vice President, General Counsel and Secretary: Total Cash $8,000,061: Equity $5,000,037: Other $79,888: Total Compensation $13,079,986: Robert A. Iger Chairman and Chief Executive Officer: Total Cash $24,750,000: Equity $19,656,186: Other $1,144,342: Total Compensation $45,550,528: Zenia B. Mucha Senior Executive Vice President and Chief Communications Officer Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. 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. Spotify legal chief Horacio Gutierrez will serve as Disney's new GC. Check out the latest Walt Disney Company Jobs. 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. 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. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Stoney Creek Hotel & Conference Center, Broken Arrow, OK -. Send us a tip using our annonymous form. Aramark, HILTON WORLDWIDE HOLDINGS, POTBELLY CORP, Based on HR-reported data: a national average with a geographic. General Counsel Compensation by Ethnicity (All Companies) The company, which is heading for a proxy fight with Trian Partners and its owner and activist investor Nelson Peltz, noted its annual meeting is set, as usual, for March, but didnt provide a date. 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. Chapeks 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 plan compensation (like a cash bonus). The average salary for a Counsel is $162,080 per year in United States, which is 27% lower than the average Walt Disney Company salary of $222,997 per year for this job. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. 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 estimated total pay for a Deputy General Counsel at Walt Disney Company is $279,993 per year. All quotes delayed a minimum of 15 minutes. The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. . Our second option allows you to build your bundle and strategically select the content that pertains to your needs. The Walt Disney Company has hired Horacio Gutierrez as senior executive vice president, general counsel and corporate secretary, effective February 1. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. Your input helps Glassdoor refine our pay estimates over time. Braverman, like Disneys other executives, didnt get a performance-based bonus in fiscal year 2020, according to a Tuesday U.S. Securities and Exchange Commission filing. The General Counsel reviews changes to law and regulations and advises management about any impact to the business. 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. Your input helps Glassdoor refine our pay estimates over time. Source: Wikipedia (as of 04/11/2019). 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. 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. Related Searches:All Counsel Salaries|All Walt Disney Company Salaries. 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. NEWS. 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. Disney recommends shareholder vote him down. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. Check out the latest Counsel Jobs or see Counsel Salaries at other companies. https://www.law.com/corpcounsel/2022/01/20/walt-disney-general-counsel-alan-braverman-collects-16m-pay-package-before-retirement/. You may also find the annual proxy statement by going directly to the company's website. reports. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. As more law firms announce bonuses, some pay extra for higher hours. window.mc4wp.listeners.push( Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. 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. Catoosa, OK, Onin Staffing - Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. 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 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. See here for a complete list of exchanges and delays. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Jan. 20, 2022, 4:00 AM. Disney appointed Richardson, the companys first chief diversity officer and a former lawyer and human resources head at ESPN, to be its top human resources executive last year. Pay package for retiring general counsel an increase over 2020. 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. Gutierrez was not one of Spotifys five highest-paid executives in 2021, according to a securities filing by the company earlier this month. How accurate does $ 222,997 look to you media representatives didnt respond to requests for comment about the in. And delays Arrow, OK entire organization stock, commission, profit sharing or tips make! 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2022-11-07