The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Countries. } The Walt Disney Co. trimmed its longtime general counsel's pay package by roughly 34% last year as the media giant made cutbacks as a result of the coronavirus pandemic. Schwarz, who co-chairs the Disney Lawyers of Color affinity group, disclosed on her LinkedIn profile this month her new role and touted several job openings on her legal and compliance team at the company in Burbank, London, and Washington. 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. Assistant General Counsel - Labor and Employment Litigation - Relocation to Chesapeake, VA, Arch Advisory Group - (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Braverman earned more than $13.7 million from Disney in 2019. 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). reports. 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. Peltz said hell be running for a board seat. Search thousands of open positions to find your next opportunity. 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. 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. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Konstan joined Spotify, which has been grappling this year with controversy related to its popular podcast host Joe Rogan, in 2020 after serving as HBOs general counsel. 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. Schwarz didnt respond to a request for comment. Head of litigation for the world's largest manufacturer of furniture, with more than $7.5 billion in revenue, 1,000 physical locations, and 35,000 employees. See here for a complete list of exchanges and delays. All quotes delayed a minimum of 15 minutes. Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. 2023 Deadline Hollywood, LLC. Spotify hired Regan Smith, a former legal chief for the U.S. Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. Disney recommends shareholder vote him down. Average salaries for Walt Disney Company Senior Counsel: $183,266. forms: { 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. Iger stepped down as CEO in Feb. of 2020 to become executive chairman. 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. 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. The estimated total pay for a Counsel at Walt Disney Company is $222,997 per year. The estimated additional pay is $59,548 per year. Our Standards: The Thomson Reuters Trust Principles. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? License our industry-leading legal content to extend your thought leadership and build your brand. on: function(evt, cb) { 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. 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. Disney will go through the sale process and realize any gains or losses on the sale of the property. 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. 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. 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. Disney said a hird-party vendor purchased the property on the companys behalf in June of 2022 for the same price at which the property was originally purchased. 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. Join Corporate Counsel now! Log in to access all of your BLAW products, Disney Cuts Igers Pay 56% to $21 Million, Axes Bonuses (2), Disneys Longtime Legal Chief Earned $14 Million in 2019, Pay Cuts Continue to Sweep Across Americas Top In-House Lawyers, Disney Chairman Iger to Skip Salary; Other Leaders Take Cuts (1), Disney Executive Pay Squeaks By at New CEOs First Meeting (1), Disney to Cut 28,000 Jobs in One of Biggest Layoffs of Covid Era, Warren Prods Disney CEO on Buybacks, Pay Before 28,000 Cuts (1), Disneylands Toy Story Parking Lot Opens for Mass Vaccinations, Walmart, Disney Join Companies Halting Donations After Riot (1), Disneys Inside Out Copyright Win Stands as High Court Passes, total compensation of its top six executives, Alicia Schwarz promoted to chief compliance officer, Legal chief Alan Braverman made big stock sales as pay slipped. Site Map, Advertise| Check out the latest Walt Disney Company Jobs. 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. Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - All Rights Reserved. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1r8f1g", "fluid": true }, Vice President and Assistant General Counsel, average salary for a Deputy General Counsel is $158,886 per year in United States. 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. 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 Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? Disney is a town in Mayes County, Oklahoma, United States. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. The information shown here is a reporting of information included in the company's proxy statement. The population was 311 at the 2010 census. January. All Rights Reserved. She was promoted to assistant general counsel in 2018. The estimated base pay is $182,208 per year. Total cash compensation includes salary, bonuses and nonequity compensation (which the article defines as a bonus for a reason). Get Salary Data on All Global Disney's top lawyer is best-paid general. Both options are priced the same. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. Receive small business resources and advice about entrepreneurial info, home based business, business franchises and startup opportunities for entrepreneurs. 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. Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. You may also find the annual proxy statement by going directly to the company's website. Braverman didnt respond to a request for comment about his potential post-Disney plans, succession planning for the legal chief position, or promotion of Schwarz to compliance chief. Some related job titles areAttorney salaries with median pay of $139,649,Attorney (In-house Counsel) salaries with median pay of $138,774,Lawyer salaries with median pay of $109,542,Senior Counsel salaries with median pay of $256,946. The base salary for General Counsel ranges from $282,090 to $408,190 with the average base salary of $338,390. The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. . He is also entitled to $2000 per hour for any hour worked over 20 hours per month during this period. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. 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. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. 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. Source: Wikipedia (as of 04/11/2019). Salaries & Advice Salary Search Discover your earning potential; . Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. 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. Global Affairs and Chief Legal Officer ; s Departing Legal Chief Firms Respond to requests comment! Chief Sees 59 % Jump in total pay of Gutierrezs total remuneration package contingent on a Range of factors realized... Counsel Horacio Gutirrez Revealed in SEC Filings from Spotify, where he has served Head... With Such Low Win Rates, Should Law Firms Respond to So Many?... 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