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. We want to hear from you! 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. Check out the latest Walt Disney Company Jobs. How much does a General Counsel make in Disney, OK? Send us a tip using our annonymous form. The estimated total pay for a Attorney at Walt Disney Company is $168,589 per year. 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. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. req.) Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. 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. Gutierrez will join Disney having previously worked at Spotify as head of global affairs and chief legal officer. Claremore, OK. Individualize employee pay based on unique job requirements and personal qualifications. Proxies lays out pay for a companys highest paid corporate executives. Not a Bloomberg Law Subscriber?Subscribe Now. Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. (function() { 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. 2023 Deadline Hollywood, LLC. The estimated additional pay is $98,430 per year. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? 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.. Log in to access all of your BLAW products. The estimated total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 per year. Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - The estimated additional pay is $59,548 per year. Terms of Service. 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. The lawyer is Alan Braverman, who received a pay boost from about. To view this content, please continue to their sites. To read the full story on Westlaw Today, click here: bit.ly/2Y1uPsu. See if they're hiring! 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.. Responsible for the development of functional or business unit strategy for the entire organization. Gutirrez current contract runs from February 1 of this year through December 31, 2024, according to SEC filings. About Us| Gutierrez was not one of Spotifys five highest-paid executives in 2021, according to a securities filing by the company earlier this month. The estimated base pay is $177,221 per year. 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. All Rights Reserved. Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. Executes multiple high impact initiatives to achieve overall corporate goals. The information shown here is a reporting of information included in the company's proxy statement. This report is not for commercial use. Requires a Juris Doctor degree from an accredited law school and may require admittance to a state bar. Disney's top lawyer is best-paid general. The estimated total pay for a Counsel at Walt Disney Company is $222,643 per year. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. Site Map, Advertise| 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. View the job description, responsibilities and qualifications for this position. All Rights Reserved. The General Counsel reviews changes to law and regulations and advises management about any impact to the business. 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). 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. 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. 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. General Counsel Compensation by Ethnicity (All Companies) (Copyright 2023 Salary.com), Employers: Job Description Management Tool. listeners: [], The value of Gutierrezs total remuneration package contingent on a range of factors being realized by the companys new legal chief. 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. 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. 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). Location : Burbank, CA. Horacio Gutierrez will collect a $1.3 million base salary with the opportunity to earn millions more in . She was promoted to assistant general counsel in 2018. 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. 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. Learn more about a Bloomberg Law subscription. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Countries. "Horacio is an incredibly skilled. Walt Disney Co.'s Alan Braverman was the highest paid general counsel last year, raking in a salary of $1.374 million and a bonus of $5.325 million and outpacing his highest-paid peers whose . Read more from. All proxy statements are public filings made available to the general public by the SEC. 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. 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. The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. He currently owns about $16.6 million in Disney stock, according to Bloomberg data. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. 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. Customer Service| Compensation data tools, salary structures, surveys and benchmarks. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. 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. 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. Horacio Gutierrez's contract will keep him at Disney through at least 2024. Salaries & Advice Salary Search Discover your earning potential; . 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. Bloomberg data shows that Braverman currently owns almost $19.1 million in Disney stock. 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