Disney, which revealed Wednesday its streaming revenue and theme park performance in a quarterly financial statement, also disclosed an employment agreement with newly hired senior executive vice president, general counsel, and corporate secretary Horacio Gutierrez. Site Map, Advertise| 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. 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. 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. The population was 311 at the 2010 census. Gutierrez was not one of Spotifys five highest-paid executives in 2021, according to a securities filing by the company earlier this month. License our industry-leading legal content to extend your thought leadership and build your brand. Search thousands of open positions to find your next opportunity. Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. P.C. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Jacob Jack Yellin, a veteran in-house lawyer at Disney who has served as a senior vice president, associate general counsel, and compliance chief since 2011, didnt respond to a request for comment about his status with the company. Your article was successfully shared with the contacts you provided. He previously worked at Microsoft for over seventeen years before moving to Spotify, where he helped argue last year that Apple was an anti-competitive monopoly through their App Store service. Disney will go through the sale process and realize any gains or losses on the sale of the property. window.mc4wp = window.mc4wp || { ); Your input helps Glassdoor refine our pay estimates over time. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. ESPN elevated deputy general counsel Eleanor Nell DeVane this past January to succeed Diane Morse as chief counsel for the Bristol, Conn.-based sports network. Walt Disney Co income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. The compensation package for Horacio Gutirrez, the new General Counsel for The Walt Disney Company, has been revealed through new filings with the Securities & Exchange Commission. "Horacio is an incredibly skilled. 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. 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. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. Braverman earned more than $13.7 million from Disney in 2019. } })(); Disney Sued Over Alleged Patent Infringement for Genie and Genie+ Technologies. Not a Bloomberg Law Subscriber?Subscribe Now. NEWS. 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. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. 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. Check out the latest Deputy General Counsel Jobs or see Deputy General Counsel Salaries at other companies. Proxies lays out pay for a companys highest paid corporate executives. 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. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Spotify legal chief Horacio Gutierrez will serve as Disney's new GC. All Rights Reserved. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . 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. All proxy statements are public filings made available to the general public by the SEC. She was promoted to assistant general counsel in 2018. 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. Law Firm Partner, Salary estimation for General Counsel at companies like : https://www.law.com/corpcounsel/2022/01/20/walt-disney-general-counsel-alan-braverman-collects-16m-pay-package-before-retirement/. The average General Counsel salary in Disney, Oklahoma is $337,490 as of October 27, 2022, but the salary range typically falls between $281,390 and $407,090. The General Counsel reviews changes to law and regulations and advises management about any impact to the business. Disney is located at 362839N 95113W / 36.47750N 95.02028W / 36.47750; -95.02028 (36.477501, -95.020272). Source: Wikipedia (as of 04/11/2019). Spotify hired Regan Smith, a former legal chief for the U.S. 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. 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. In June 2022, the Board agreed to extend Mr.Chapeks employment agreement based on Mr.Chapeks work navigating the Company through the unprecedented challenges of the pandemic and growing the Companys streaming business. 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. How much does a General Counsel make in Disney, OK? The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The estimated additional pay is $59,548 per year. The estimated total pay for a Attorney at Walt Disney Company is $168,589 per year. You may also find the annual proxy statement by going directly to the company's website. Jan. 20, 2022, 4:00 AM. The estimated base pay is $128,769 per year. The Walt Disney Co. trimmed its longtime general counsels pay package by roughly 34% last year as the media giant made cutbacks as a result of the coronavirus pandemic. Disney is now led by Chief Executive Officer Robert Chapek, who took over last year from Robert Iger, a longtime leader of the Burbank, Calif.-based entertainment titan. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $222,997 look to you? Spotify general counsel Eve Konstan is now the companys top lawyer. 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. The Walt Disney Co.'s longtime top lawyer Alan Braverman saw his total pay increase significantly during his final year at the . 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. Salaries & Advice Salary Search Discover your earning potential; . } Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. 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. Walt Disney General Counsel Alan Braverman Collects $16M Pay Package Before Retirement Braverman's total compensation spiked a year after he and other Disney execs agreed to pay cuts as. 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. Our Team Account subscription service is for legal teams of four or more attorneys. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. 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. Despite the big paychecks, the overall total cash compensation for the top 100 general counsel declined nearly 2 percent in 2015. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. About Disney, OklahomaDisney is a town in Mayes County, Oklahoma, United States. 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. (function() { In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. 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. Average salaries for Walt Disney Company Deputy General Counsel: [salary]. Pay package for retiring general counsel an increase over 2020. Deadline is a part of Penske Media Corporation. Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Location : Burbank, CA. The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. Provides guidance and counsel to management on business transactions and initiatives. Responsible for the development of functional or business unit strategy for the entire organization. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. All quotes delayed a minimum of 15 minutes. Terms of Service. Disney is a town in Mayes County, Oklahoma, United States. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. To view this content, please continue to their sites. 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. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. Alan Braverman received $16.7 million in total compensation. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? To read the full story on Westlaw Today, click here: bit.ly/2Y1uPsu. The lawyer is Alan Braverman, who received a pay boost from about. Horacio Gutierrez's contract will keep him at Disney through at least 2024. Don't miss the crucial news and insights you need to make informed legal decisions. forms: { Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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 announced in July that he would retire at the end of 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). req.) The estimated additional pay is $59,737 per year. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. See if they're hiring! Assistant General Counsel - Labor and Employment Litigation - Relocation to Chesapeake, VA, Arch Advisory Group - Being a General Counsel leads the defense of the organization in lawsuits and the prosecution of lawsuits on behalf of the organization against others. Oklahoma City,Tulsa,Norman, Recently searched related titles: Get Salary Data on All Global Learn more about a Bloomberg Law subscription. 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. The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. Related Searches:All Counsel Salaries|All Walt Disney Company Salaries. May engage and coordinate with outside counsel for certain matters. 2023 Deadline Hollywood, LLC. We want to hear from you! 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. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. Iger stepped down as CEO in Feb. of 2020 to become executive chairman. Executes multiple high impact initiatives to achieve overall corporate goals. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Those individuals include senior executive vice president, general counsel, and corporate secretary Alan Braverman, whose total pay last year dropped to $9.2 million, including nearly $1.6 million in cash and almost $6.9 million in stock awards. 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. 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. Analyze the market and your qualifications to negotiate your salary with confidence. 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 hiring range for this position in Burbank, CA is: $139,910 - $181,060 per year. } Despite its name, it is in no affiliation with .More, Disney, Oklahomaarea prices were up 1.2% from a year agoView the Cost of Living in Disney, Oklahoma, General Counsel Salary in popular cities: Gutirrez current contract runs from February 1 of this year through December 31, 2024, according to SEC filings. 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. 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 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. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Check out the latest Walt Disney Company Jobs. . Additional pay could include bonus, stock, commission, profit sharing or tips. 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 estimated base pay is $182,038 per year. Hes entiled to $2.5 million in remaining base salary through the end of his original employment agreement, $1.5 million equivalent to a target 2022 bonus, and a buyout of the home he purchased in Southern California when he took the job. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. The estimated total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 per year. The Burbank, California-based media and entertainment giant paid Alan Bravermanmore than $16.6 million for fiscal year 2021. event : evt, 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. He currently owns about $16.6 million in Disney stock, according to Bloomberg data. 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 situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. 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 base pay is $163,094 per year. View the job description, responsibilities and qualifications for this position. 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. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. Read more from. The base salary for General Counsel ranges from $282,090 to $408,190 with the average base salary of $338,390. Your input helps Glassdoor refine our pay estimates over time. Typically reports to CEO. The information shown here is a reporting of information included in the company's proxy statement. 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. Plans and directs all aspects of an organization's legal affairs and ensures all business policies and activities are managed correctly and in compliance with current laws. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Learn more about a Bloomberg Law subscription. 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. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Additional pay could include bonus, stock, commission, profit sharing or tips. Both options are priced the same. Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. Give us feedback, share a story tip or update, or report an error. Not the job you're looking for? 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. Average salaries for Walt Disney Company General Counsel: $181,832. } 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The Walt Disney Company has hired Horacio Gutierrez as senior executive vice president, general counsel and corporate secretary, effective February 1. Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. The charts on this page feature a breakdown of the total annual pay for the top executives at Walt Disney Co as reported in their proxy statements. He also took a 30% salary cut from April 5 to Aug. 22, dropping his total salary from $1.66 million in 2019 to $1.58 million in fiscal year 2020. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. reports. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Braverman has also been retained for a transition period, according to the same SEC filing and Law360. 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. Countries. 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. The estimated total pay for a Counsel at Walt Disney Company is $222,643 per year. The compensation package for Horacio Gutirrez, the new General Counsel for The Walt Disney Company, has been revealed through new filings with the Securities & Exchange Commission. Iger earned $1.1 million in base pay; $4.6 million in stock awards; $2.4 million in options awards; $4.34 million for the non-equity incentive plan; and $2.4 million in other compentsation. Horacio Gutierrez landed one of the top legal jobs in the world last Decembergeneral counsel of The Walt Disney Co. It added a few more digs in the proxy, noting that: In deciding not to recommend Mr. Peltz, the directors considered a number of factors, including that despite months of engagement, Mr. Peltz had not, and the Trian Group representatives at the meeting had not, actually presented a single strategic idea for Disney, that their assessment of Disney seemed oblivious to the secular change that had been ongoing in the media industry, as well as the impact of the pandemic on each part of the Companys business from production, to exhibition, to leisure travel.. Copyright Office, last summer to be its head of public policy and government affairs. 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. See if they're hiring! Check out the latest Counsel Jobs or see Counsel Salaries at other companies. on: function(evt, cb) { 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.