The information shown here is a reporting of information included in the company's proxy statement. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. See here for a complete list of exchanges and delays. Gutierrez, a former top lawyer at Spotify Technology SA, started Feb. 1 as Disneys law department leader. Both options are priced the same. window.mc4wp = window.mc4wp || { The lawyer is Alan Braverman, who received a pay boost from about. Law Firm Partner, Salary estimation for General Counsel at companies like : 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. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. 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. 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Horacio Gutierrez's contract will keep him at Disney through at least 2024. Broken Arrow, OK, Stoney Creek Hotel & Conference Center, Broken Arrow, OK - Analyze the market and your qualifications to negotiate your salary with confidence. Its story is based on 2015 proxy filings reviewed by ALM Legal Intelligence. Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? Your input helps Glassdoor refine our pay estimates over time. 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. 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. Search thousands of open positions to find your next opportunity. event : evt, Peltz said hell be running for a board seat. Check out the latest Counsel Jobs or see Counsel Salaries at other companies. About Us| The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. See if they're hiring! LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. Some related job titles are Senior Attorney salaries with median pay of $172,829, Assistant General Counsel salaries with median pay of $182,178, . https://www.law.com/corpcounsel/2022/01/20/walt-disney-general-counsel-alan-braverman-collects-16m-pay-package-before-retirement/. 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. 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. Claremore, OK. Individualize employee pay based on unique job requirements and personal qualifications. 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. Get Salary Data on All Global The General Counsel reviews changes to law and regulations and advises management about any impact to the business. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $280,468 per year. Apply to Senior Counsel, Associate General Counsel, General Counsel and more! For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. Receive small business resources and advice about entrepreneurial info, home based business, business franchises and startup opportunities for entrepreneurs. All Rights Reserved. Deadline is a part of Penske Media Corporation. 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.. 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. Learn more about a Bloomberg Law subscription. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. The estimated base pay is $128,769 per year. 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. Salaries & Advice Salary Search Discover your earning potential; . req.) Related Searches:All Deputy General Counsel Salaries|All Walt Disney Company Salaries. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. Contact Us| Average salaries for Walt Disney Company Deputy General Counsel: [salary]. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - 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. 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. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last year. The Burbank, California-based media and entertainment giant paid Alan Bravermanmore than $16.6 million for fiscal year 2021. Disney media representatives didnt respond to requests for comment about the change in the compliance chief role or Bravermans future employment status. (function() { 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. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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). 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. The estimated base pay is $163,094 per year. Oklahoma City,Tulsa,Norman, Recently searched related titles: The estimated additional pay is $39,820 per year. In addition, General Counsel ensures that all company communications, contracts, documents, filings and press releases undergo a legal review. Copyright 2023 ALM Global, LLC. Our Standards: The Thomson Reuters Trust Principles. 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. 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.. 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 population was 311 at the 2010 census. Gutirrez current contract runs from February 1 of this year through December 31, 2024, according to SEC filings. 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. Check out the latest Walt Disney Company Jobs. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. 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. Your article was successfully shared with the contacts you provided. The estimated base pay is $163,261 per year. Spotify general counsel Eve Konstan is now the companys top lawyer. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1r8f1g", "fluid": true }, Vice President and Assistant General Counsel, average salary for a Deputy General Counsel is $158,886 per year in United States. Iger stepped down as CEO in Feb. of 2020 to become executive chairman. 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 . All quotes delayed a minimum of 15 minutes. 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. Disney's fiscal year ends Sept. 30. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . Schwarz didnt respond to a request for comment. The estimated total pay for a Attorney at Walt Disney Company is $168,589 per year. Proxies lays out pay for a companys highest paid corporate executives. Braverman announced in July that he would retire at the end of 2021. The remainder of his 2020 compensation mostly stemmed from stock and options awards. Terms of Service. Total cash compensation includes salary, bonuses and nonequity compensation (which the article defines as a bonus for a reason). 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). 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. 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 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 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. The estimated base pay is $177,221 per year. Law Offices of Gary Martin Hays & Associates The population was 311 at the 2010 census. The lawyer is Alan Braverman, who received a pay boost from about $6.7 million in 2014, Corporate Counsel (sub. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Executes multiple high impact initiatives to achieve overall corporate goals. Walt Disney Co income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. 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. Provides guidance and counsel to management on business transactions and initiatives. 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). 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. Despite its name, it is in no affiliation with the Walt Disney Company or Walt Disney himself. Gutirrez, who replaces longtime counsel Alan Braverman, will receive a $2 million signing bonus on top of an annual salary of $1.3 million. } 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. Alan Braverman received $16.7 million in total compensation. Jan. 20, 2022, 4:00 AM. 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. 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, 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. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Location : Burbank, CA. 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. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. 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. His haul included $7 million in nonequity incentive plan compensation, $4.5 million in stock awards, $3.2 million in option awards and a nearly $1.8 million salary. Mr. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. About Disney, OklahomaDisney is a town in Mayes County, Oklahoma, United States. The Walt Disney Co.'s longtime top lawyer Alan Braverman saw his total pay increase significantly during his final year at the . Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. Average salaries for Walt Disney Company General Counsel: $181,832. 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. ); 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. 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. Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. 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. 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. He currently owns about $16.6 million in Disney stock, according to Bloomberg data. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. 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. Apply today at CareerBuilder! 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. Send us a tip using our annonymous form. Braverman earned more than $13.7 million from Disney in 2019. Typically reports to CEO. January. 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. } View the job description, responsibilities and qualifications for this position. Your input helps Glassdoor refine our pay estimates over time. 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. 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. 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. 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 Walt Disney Company salary trends based on salaries posted anonymously by Walt Disney Company employees. 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. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $222,997 look to you? Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Not a Bloomberg Law Subscriber?Subscribe Now. 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. P.C. 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. May engage and coordinate with outside counsel for certain matters. Average salaries for Walt Disney Company Senior Counsel: $183,266. He received a $2 million sign-on bonus to join Disney, which announced in late December that Gutierrez would succeed its longtime former legal chief Alan Braverman, who retired last month. In fiscal year 2019, in comparison, his cash bonus totaled about $6.34 million. 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. How much does a General Counsel make in Disney, OK? 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Bloomberg data shows that Braverman currently owns almost $19.1 million in Disney stock. Additional pay could include bonus, stock, commission, profit sharing or tips. Additional pay could include bonus, stock, commission, profit sharing or tips. For its 2020 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Made available to the business of Global disney general counsel salary and Chief legal Officer compensation package for Incoming General!, bonuses and nonequity compensation ( which the article defines as a bonus for a complete list exchanges... Font-Weight:700 ; } How accurate does $ 222,997 look to you list of exchanges delays..., consulting agreement with Disney, OK Walt Disney Company Senior Counsel Associate... Become executive chairman detailed compensation analysis, we recommend that you review the entire proxy statement contact Us| salaries. Awards that do n't fit in any of these other standard categories statements are public filings made available to General... 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