Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. The Board therefore concluded that, as Disney embarks on an increasingly complex period of industry transformation, Mr.Iger is best situated to lead the Company while an appropriate longer-term successor is identified. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Braverman has also been retained for a transition period, according to the same SEC filing and Law360. 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. Braverman's total compensation spiked a year after he and other Disney execs agreed to pay cuts as part of pandemic-related corporate austerity measures. The Walt Disney Co general counsel Alan Braverman, who often ranks among the highest-paid U.S. in-house lawyers, saw his total compensation fall about 33% year-over-year to $9.1 million in fiscal year 2020, a regulatory filing shows, as the media giant grappled with the pandemics financial fallout. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. Disney is a town in Mayes County, Oklahoma, United States. January. 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. } All proxy statements are public filings made available to the general public by the SEC. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. NEWS. The population was 311 at the 2010 census. Counsel yearly salaries in the United States at The Walt Disney Company Job Title Counsel Location United States Average salary $137,219 per year 47% Above national average Average $137,219 Low $35,000 High $306,000 Salary estimated from 9 employees, users, and past and present job advertisements on Indeed in the past 36 months. listeners: [], Gutirrez current contract runs from February 1 of this year through December 31, 2024, according to SEC filings. The population was 311 at the 2010 census. req.) (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Catoosa, OK, Onin Staffing - callback: cb In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. 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. About Disney, OklahomaDisney is a town in Mayes County, Oklahoma, United States. 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 The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Claremore, OK. Individualize employee pay based on unique job requirements and personal qualifications. Disney's top lawyer is best-paid general. Disney recommends shareholder vote him down. Being a General Counsel leads the defense of the organization in lawsuits and the prosecution of lawsuits on behalf of the organization against others. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Stoney Creek Hotel & Conference Center, Broken Arrow, OK -. 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). Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Get the latest market price for benchmark jobs and jobs in your industry. 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. Join Corporate Counsel now! Search more salaries here: Top Division Information Technology Executive, General Counsel Salaries with a JD, MD, PhD or Equivalent, View the Cost of Living in Disney, Oklahoma, Detailed skills and competency reports for specific positions. Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750; -95.02028 (36.477501, -95.020272). Schwarz didnt respond to a request for comment. Iger stepped down as CEO in Feb. of 2020 to become executive chairman. Copyright 2023 American Bar Association. Apply to Senior Counsel, Associate General Counsel, General Counsel and more! 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. 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. Some related job titles areSenior Legal Counsel salaries with median pay of $231,266,Transactional Attorney salaries with median pay of $97,938,Vice President and Assistant General Counsel salaries with median pay of $220,283,Assistant General Counsel salaries with median pay of $182,060. The Board continued to spend significant time discussing the leadership of the Company in the months that followed and determined that Mr.Chapek was no longer the right person to serve in the CEO role. 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. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. This report is not for commercial use. { Its story is based on 2015 proxy filings reviewed by ALM Legal Intelligence. 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. Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - Former New Regency & Silver Pictures Exec Navid McIlhargey Joins Wind Sun Sky Entertainment & Productivity Media, Netflix Sets 2023 Premiere Dates For Film Slate, Disney Ex-CEO Bob Chapek Made $24 Million in FY 2022; Bob Iger Comp Totaled $14 Million As Company Releases Latest Executive Pay, Disney Skewers Nelson Peltz As Lacking Skills And Experience To Assist Board; Reveals Marvel Chair Isaac Perlmuttter Backed Activist Investor, The Whale Swims Past $11 Million Cume; Saint Omer Sees Solid NY/LA Open As Awards Race Picks Up Specialty Box Office, George MacKay, Fan Bingbing, Joan Baez Movies Added, Sony Shopping Craig Ferguson-Hosted Syndicated Late-Night Talker For Fall, Fantasy Novel Momo Getting English-Language Film From Leading German Duo, HBO Max EMEA Programs Boss Antony Root To Retire. Don't miss the crucial news and insights you need to make informed legal decisions. Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Braverman announced in July that he would retire at the end of 2021. 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. Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. How Law Firms Can Offer (and Monetize) The Solutions Clients Need Most, 10 Zen Ways to Manage Cash Flows with Contract Intelligence, Magic Quadrant for Contract Life Cycle Management, 6 Best Practices to Maximize Value From Vendor Contracts, Women, Influence & Power in Law UK Awards 2023, (NEW) EXPERIENCED LITIGATION ASSOCIATE WANTED FOR GROWING MULTI-OFFICE FIRM (Atlanta, GA). 2023 Deadline Hollywood, LLC. To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Hughes at jhughes@bloombergindustry.com. 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. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. 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. Counsel - Securities & Corporate Governance Apply Now Apply Later Job ID 10016997 Location Burbank, California, United States Business The Walt Disney Company (Corporate) Date posted Jan. 13, 2023 Flex Type Hybrid - This role is considered hybrid, which means the employee will work a portion of their time on-site from a Company designated location and the remainder of their time remotely. View the job description, responsibilities and qualifications for this position. For a real-time salary target, tell us more about your role in the four categories below. Average salaries for Walt Disney Company General Counsel: $181,832. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of General Counsel in Disney, OK. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Responsible for the development of functional or business unit strategy for the entire organization. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's geographic region, job-related knowledge, skills, and experience among other factors. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). On November20, 2022 (after fiscal 2022), the Board decided to exercise its right to terminate Mr. Chapeks employment without cause. That entitles him to above metioned payouts if he successfully completes all of the terms of his post-employment consulting agreement and does not violate the terms of the employment agreement that survive his termination or the general release.. 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. } Horacio Gutierrez has been named Senior Executive Vice President, General Counsel and Secretary of The Walt Disney Company, it was announced today by Bob Chapek, Chief Executive Officer. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. 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. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $355,390 to $601,290 with the average total cash compensation of $458,190. 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. 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. He is also entitled to $2000 per hour for any hour worked over 20 hours per month during this period. All quotes delayed a minimum of 15 minutes. Braverman earned more than $13.7 million from Disney in 2019. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. Ex-lawyer who claimed wrongs by 'bar card lynch mob' charged with stabbing targeted attorney, How lawyers can pursue a 'wonderful life', Lawyer digs into big data for new legal thriller 'Code 6'. Law Offices of Gary Martin Hays & Associates With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. event : evt, The Walt Disney Co general counsel Alan Braverman, who often ranks among the highest-paid U.S. in-house lawyers, saw his total compensation fall about 33% year-over-year to $9.1 million in. May engage and coordinate with outside counsel for certain matters. See if they're hiring! 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