Peltz said hell be running for a board seat. Our Team Account subscription service is for legal teams of four or more attorneys. Gutirrez current contract runs from February 1 of this year through December 31, 2024, according to SEC filings. Assistant General Counsel - Labor and Employment Litigation - Relocation to Chesapeake, VA, Arch Advisory Group - } The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. 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. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. } She was promoted to assistant general counsel in 2018. NEWS. Additional pay could include bonus, stock, commission, profit sharing or tips. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. Jan. 20, 2022, 4:00 AM. Pay package for retiring general counsel an increase over 2020. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Your input helps Glassdoor refine our pay estimates over time. 2023 Deadline Hollywood, LLC. 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. Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. Terms of Service. 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. Braverman has also been retained for a transition period, according to the same SEC filing and Law360. How much does a General Counsel make in Disney, OK? 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 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. req.) Send us a tip using our annonymous form. 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. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $222,997 look to you? Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! The lawyer is Alan Braverman, who received a pay boost from about. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. View the job description, responsibilities and qualifications for this position. 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. 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. The estimated base pay is $163,261 per year. For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. Your input helps Glassdoor refine our pay estimates over time. 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. window.mc4wp.listeners.push( Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. 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. 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. 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. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. 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. 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. 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. 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. 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. 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). The activist investor also plans to submit a proposal that Disney revise its bylaws for which the company also advises a no vote. Spotify hired Regan Smith, a former legal chief for the U.S. Both options are priced the same. Proxies lays out pay for a companys highest paid corporate executives. Walt Disney Co income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Search thousands of open positions to find your next opportunity. 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. Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - Bloomberg data shows that Braverman currently owns almost $19.1 million in Disney stock. Disney appointed Richardson, the companys first chief diversity officer and a former lawyer and human resources head at ESPN, to be its top human resources executive last year. } 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. For its 2020 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to 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. 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. 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.. Log in to access all of your BLAW products. As more law firms announce bonuses, some pay extra for higher hours. Oklahoma City,Tulsa,Norman, Recently searched related titles: 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. 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. Requires a Juris Doctor degree from an accredited law school and may require admittance to a state bar. Contact Us| For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. 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. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. } Join Corporate Counsel now! He currently owns about $16.6 million in Disney stock, according to Bloomberg data. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The estimated additional pay is $59,737 per year. 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. 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. Braverman, who spent nearly two decades in the top legal chair at Disney, received almost $16.7 million in total compensation last year from the Burbank, Calif.-based company. Aramark, HILTON WORLDWIDE HOLDINGS, POTBELLY CORP, Based on HR-reported data: a national average with a geographic. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Check out the latest Counsel Jobs or see Counsel Salaries at other companies. 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. Salaries & Advice Salary Search Discover your earning potential; . 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. The Walt Disney Company has hired Horacio Gutierrez as senior executive vice president, general counsel and corporate secretary, effective February 1. Our Standards: The Thomson Reuters Trust Principles. 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. May engage and coordinate with outside counsel for certain matters. 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. Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. 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. Compensation data tools, salary structures, surveys and benchmarks. 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. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. on: function(evt, cb) { . 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). Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. 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 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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Executes multiple high impact initiatives to achieve overall corporate goals. Law Firm Partner, Salary estimation for General Counsel at companies like : 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 total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 per year. 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. The estimated total pay for a Counsel at Walt Disney Company is $222,997 per year. The Burbank, California-based media and entertainment giant paid Alan Bravermanmore than $16.6 million for fiscal year 2021. 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. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. 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. 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. Don't miss the crucial news and insights you need to make informed legal decisions. 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. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. 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. 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. See if they're hiring! About Us| listeners: [], Law Offices of Gary Martin Hays & Associates 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. The population was 311 at the 2010 census. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Braverman earned more than $13.7 million from Disney in 2019. 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. { The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. 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. 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. event : evt, Copyright 2023 American Bar Association. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. The average General Counsel salary in Disney, OK is $338,390 as of December 27, 2022, but the range typically falls between $282,090 and $408,190. All proxy statements are public filings made available to the general public by the SEC. 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. Deadline is a part of Penske Media Corporation. Disney recommends shareholder vote him down. 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 estimated base pay is $182,038 per year. Read more from. Candy Lawson, a former London-based group chief compliance officer at Disney, left the company last year to become compliance chief and senior deputy general counsel at Comcast Corp. Lawson joined Disney in 2019 as part of its $71 billion acquisition of 21st Century Fox Inc.s entertainment assets. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. 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. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. 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. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. The hiring range for this position in Burbank, CA is: $139,910 - $181,060 per year. Disney's fiscal year ends Sept. 30. To view this content, please continue to their sites. 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. 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. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $279,993 per year. 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. Surveys and benchmarks informed legal decisions higher hours and benchmarks a no vote 280,468 per year be for... Paid corporate executives opportunities for future success total package of $ 14.9 million compares with $ 45.8 the... The lawyer is Alan braverman, who received a pay boost from about Sept. 30 Discover. 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