This report is not for commercial use. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Search thousands of open positions to find your next opportunity. Analyze the market and your qualifications to negotiate your salary with confidence. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. Both options are priced the same. Oklahoma City,Tulsa,Norman, Recently searched related titles: Walt Disney's Departing Legal Chief Sees 59% Jump in Total Pay. The Board continued to spend significant time discussing the leadership of the Company in the months that followed and determined that Mr.Chapek was no longer the right person to serve in the CEO role. Pay package for retiring general counsel an increase over 2020. Claremore, OK. Individualize employee pay based on unique job requirements and personal qualifications. 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. For its 2021 fiscal year, Walt Disney Co, listed the following board members on its annual proxy statement to the SEC. Average salaries for Walt Disney Company Senior Counsel: $183,266. The estimated total pay for a Associate Principal Counsel at Walt Disney Company is $267,047 per year. 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. The Burbank, California-based media and entertainment giant paid Alan Bravermanmore than $16.6 million for fiscal year 2021. The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. January. Learn more about a Bloomberg Law subscription. 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.. 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). 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. Your article was successfully shared with the contacts you provided. 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. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. You may also find the annual proxy statement by going directly to the company's website. ); 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. Executes multiple high impact initiatives to achieve overall corporate goals. 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. 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. How much does a General Counsel make in Disney, OK? 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. Related Searches:All Counsel Salaries|All Walt Disney Company Salaries. Disney's fiscal year ends Sept. 30. 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. 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. Gutierrez joins Disney from Spotify, where he has served as Head of Global Affairs and Chief Legal Officer. Spotify general counsel Eve Konstan is now the companys top lawyer. Disney's top lawyer is best-paid general. 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. 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. The activist investor also plans to submit a proposal that Disney revise its bylaws for which the company also advises a no vote. 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. He currently owns about $16.6 million in Disney stock, according to Bloomberg data. 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. Check out the latest Walt Disney Company Jobs. Disney Reveals New Legal Chief's Pay, Consulting Agreement With Ex-General Counsel. Copyright 2023 American Bar Association. Not the job you're looking for? The base salary for General Counsel ranges from $282,090 to $408,190 with the average base salary of $338,390. Disneys consulting agreement with Braverman to transition his duties is set to expire March 1 but can be extended by both parties. Salary Estimate Encouraged to Apply Location Company Experience Level Education The Walt Disney Company Disney Counsel jobs Upload your resume - Let employers find you Disney Counsel jobs Sort by: relevance - date 25 jobs 1 2 Resume Resources: Resume Samples - Resume Templates Career Resources: Career Explorer - Salary Calculator Disney recommends shareholder vote him down. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Walt Disney Co annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Broken Arrow, OK, Cage-Player Services Supervisor, Hard Rock Tulsa, OK, Cherokee Nation Businesses, LLC - All Rights Reserved. View the job description, responsibilities and qualifications for this position. 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. 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. 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. The General Counsel reviews changes to law and regulations and advises management about any impact to the business. Source: Wikipedia (as of 04/11/2019). 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. May engage and coordinate with outside counsel for certain matters. Deadline is a part of Penske Media Corporation. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. . Disney will go through the sale process and realize any gains or losses on the sale of the property. The top-paid general counsel works for the Walt Disney Co. and made about $7 million in total cash compensation last 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. Not a Bloomberg Law Subscriber?Subscribe Now. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. 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. The estimated total pay for a Attorney at Walt Disney Company is $168,589 per year. The Walt Disney Co.'s longtime top lawyer Alan Braverman saw his total pay increase significantly during his final year at the . Give us feedback, share a story tip or update, or report an error. NEWS. 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). Provides guidance and counsel to management on business transactions and initiatives. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. The situation was a bit confusing, as per the boards explanation, since it had just renewed Chapeks contract in June. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 . 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. The estimated base pay is $163,261 per year. Jan. 20, 2022, 4:00 AM. For its 2020 fiscal year, Walt Disney Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC. To view this content, please continue to their sites. Catoosa, OK, Onin Staffing - 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. 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. Spotify hired Regan Smith, a former legal chief for the U.S. 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. Braverman, who is perennially one of the highest-paid law department leaders in the U.S., and those top Disney executives received no bonuses last year. Apply to Senior Counsel, Associate General Counsel, General Counsel and more! Thats a total exit payout of potentially $20.4 million. The Walt Disney Company has hired Horacio Gutierrez as senior executive vice president, general counsel and corporate secretary, effective February 1. Requires a Juris Doctor degree from an accredited law school and may require admittance to a state bar. Despite the big paychecks, the overall total cash compensation for the top 100 general counsel declined nearly 2 percent in 2015. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. Don't miss the crucial news and insights you need to make informed legal decisions. Schwarz didnt respond to a request for comment. Horacio Gutierrez landed one of the top legal jobs in the world last Decembergeneral counsel of The Walt Disney Co. Ex-lawyer who claimed wrongs by 'bar card lynch mob' charged with stabbing targeted attorney, How lawyers can pursue a 'wonderful life', Lawyer digs into big data for new legal thriller 'Code 6'. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The population was 311 at the 2010 census. (function() { Gutierrezs employment agreement with Disney, which expires Dec. 31, 2024, was signed by the companys chief human resources officer Paul Richardson. 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. Gutierrez was not one of Spotifys five highest-paid executives in 2021, according to a securities filing by the company earlier this month. 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 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. 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.. listeners: [], 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. window.mc4wp.listeners.push( Terms of Service. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Send us a tip using our annonymous form. 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 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. Schwarz, who co-chairs the Disney Lawyers of Color affinity group, disclosed on her LinkedIn profile this month her new role and touted several job openings on her legal and compliance team at the company in Burbank, London, and Washington. The 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. Site Map, Advertise| Compensation data tools, salary structures, surveys and benchmarks. Disney is a town in Mayes County, Oklahoma, United States. 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. For the latest Disney Parks news and info, follow WDW News Today onTwitter,Facebook, andInstagram. 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. req.) Typically reports to CEO. The estimated base pay is $177,221 per year. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Related Searches:All Deputy General Counsel Salaries|All Walt Disney Company Salaries. Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. Trian bombarded Disney shareholders and CNBC viewers with degrees of company bashing all last week. Copyright 2023 ALM Global, LLC. 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. 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. Check out the latest Walt Disney Company Jobs. 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. event : evt, About Us| For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Customer Service| However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Bloomberg data shows that Braverman currently owns almost $19.1 million in Disney stock. But just months into the job, the board has fired Bob Chapekthe man who . Get Salary Data on All Global 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. The estimated total pay for a Deputy General Counsel at Walt Disney Company is $279,993 per year. 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 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). 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. 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. Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015? 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. window.mc4wp = window.mc4wp || { 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. Compensation Package for Incoming Disney General Counsel Horacio Gutirrez Revealed in SEC Filings. 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. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Average salaries for Walt Disney Company Deputy General Counsel: [salary]. Alan Braverman received $16.7 million in total compensation. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $280,468 look to you? Assistant General Counsel - Labor and Employment Litigation - Relocation to Chesapeake, VA, Arch Advisory Group - Location : Burbank, CA. Braverman announced in July that he would retire at the end of 2021. } Disney came out swinging itself in a statement earlier this morning, saying Peltz input would absolutely not be useful. Current CEO Bob Igers total package of $14.9 million compares with $45.8 million the previous year. 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 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 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. Gutirrez current contract runs from February 1 of this year through December 31, 2024, according to SEC filings. Your input helps Glassdoor refine our pay estimates over time. Total cash compensation includes salary, bonuses and nonequity compensation (which the article defines as a bonus for a reason). 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. The estimated base pay is $128,769 per year. Assistant Assistant General Counsel Counsel General Counsel Baldwin Park, CA . 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: The estimated base pay is $182,038 per year. 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. Aramark, HILTON WORLDWIDE HOLDINGS, POTBELLY CORP, Based on HR-reported data: a national average with a geographic. Gutierrez was not one of Spotify's five highest-paid executives in 2021, according to a securities filing by the company earlier this month. 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. 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. 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. callback: cb All Rights Reserved. Get the latest market price for benchmark jobs and jobs in your industry. Braverman earned more than $13.7 million from Disney in 2019. 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.
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