Claremore, OK. Individualize employee pay based on unique job requirements and personal qualifications. 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. Total cash compensation includes salary, bonuses and nonequity compensation (which the article defines as a bonus for a reason). 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. Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. BURBANK, Calif., December 22, 2021 - Horacio Gutierrez has been named Senior Executive Vice President, General Counsel and Secretary of The Walt Disney Company (NYSE: DIS), it was announced today by Bob Chapek, Chief Executive Officer. listeners: [], The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. 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. Defines corporate vision and strategy establishes company direction and focus. You may also find the annual proxy statement by going directly to the company's website. The estimated base pay is $182,038 per year. })(); Disney Sued Over Alleged Patent Infringement for Genie and Genie+ Technologies. Your article was successfully shared with the contacts you provided. Read more from. 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. 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. The top five for total cash compensation are: 1) Alan Braverman of Walt Disney ($7,034,692 ), 2) Thomas Mason of Energy Transfer Equity ($6,857,615), 3) Gerson Zweifach of 21st Century Fox ($6,325,000), 4) Laureen Seeger of American Express ($5,298,200). Schwarz didnt respond to a request for comment. 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. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. Your input helps Glassdoor refine our pay estimates over time. Check out the latest Counsel Jobs or see Counsel Salaries at other companies. window.mc4wp = window.mc4wp || { Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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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. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. The remainder of his 2020 compensation mostly stemmed from stock and options awards. General Counsel Compensation by Gender (All Companies) The average female General Counsel at companies similar size to The Walt Disney Company reported making $207,500, while the average male General Counsel at similar sized companies reported making $215,864. View the job description, responsibilities and qualifications for this position. 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. The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. 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. Deadline is a part of Penske Media Corporation. Copyright Office, last summer to be its head of public policy and government affairs. Responsible for the development of functional or business unit strategy for the entire organization. The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. Salary Estimate Encouraged to Apply Location Company Experience Level Education The Walt Disney Company Disney Counsel jobs Upload your resume - Let employers find you Disney Counsel jobs Sort by: relevance - date 25 jobs 1 2 Resume Resources: Resume Samples - Resume Templates Career Resources: Career Explorer - Salary Calculator "Horacio is an incredibly skilled. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. See here for a complete list of exchanges and delays. Log in to access all of your BLAW products. Proxies lays out pay for a companys highest paid corporate executives. The population was 311 at the 2010 census. As more law firms announce bonuses, some pay extra for higher hours. } 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. Learn more about a Bloomberg Law subscription. Thorough reviews have been conducted to assure this data accurately reflects disclosures. In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. 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. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. { Get Salary Data on All Global 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. Law Offices of Gary Martin Hays & Associates Terms of Service. 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. All proxy statements are public filings made available to the general public by the SEC. 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. Oklahoma City,Tulsa,Norman, Recently searched related titles: All quotes delayed a minimum of 15 minutes. 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. 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. All rights reserved. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Source: Wikipedia (as of 04/11/2019). The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. Spotify hired Regan Smith, a former legal chief for the U.S. Copyright 2023 American Bar Association. This report is not for commercial use. The activist investor also plans to submit a proposal that Disney revise its bylaws for which the company also advises a no vote. The estimated additional pay is $98,430 per year. Gutierrez will succeed Disney veteran Alan Braverman who, as announced in July, is retiring after nearly two decades as the Mouse House's general counsel. 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. Job posted 6 hours ago - The Walt Disney Company (Corporate) is hiring now for a Full-Time Associate Principal Counsel - Disneyland Resort in Baldwin Park, CA. 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. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. 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. Braverman has also been retained for a transition period, according to the same SEC filing and Law360. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. For questions call 1-877-256-2472 or contact us at [emailprotected], How Kirkland and Latham Ruined Lockstep and Caused the Shearman-Hogan Lovells Merger Talks, Concerns Over Layoffs, Expenses, Office Policies Loom Over 2023 Outlook, Latest Shearman Partner Quits Amid Merger Talks, Cravath's Katherine Forrest Departs for Paul Weiss, A Guide to Making Equity at Kirkland & Ellis. . Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. The estimated base pay is $177,221 per year. Send us a tip using our annonymous form. Customer Service| BREAKING: Splash Mountain Finally Reopens at Magic Kingdom After Refurbishment & Unexplained Downtime. window.mc4wp.listeners.push( Our Standards: The Thomson Reuters Trust Principles. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Countries. Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. Law Firm Partner, Salary estimation for General Counsel at companies like : 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 "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Apply to Senior Counsel, Associate General Counsel, General Counsel and more! 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. 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. 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. Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. We want to hear from you! January. Braverman earned more than $13.7 million from Disney in 2019. Requires a Juris Doctor degree from an accredited law school and may require admittance to a state bar. Analyze the market and your qualifications to negotiate your salary with confidence. Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications, The Burbank, California-based media and entertainment giant paid. Horacio Gutierrez's contract will keep him at Disney through at least 2024. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Both options are priced the same. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Search thousands of open positions to find your next opportunity. Horacio Gutierrez landed one of the top legal jobs in the world last Decembergeneral counsel of The Walt Disney Co. Stoney Creek Hotel & Conference Center, Broken Arrow, OK -. 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. 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. Check out the latest Walt Disney Company Jobs. She was promoted to assistant general counsel in 2018. 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. Be its head of Global affairs and Chief Legal Officer unit strategy for the latest Disney Parks news info! 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