Friday, April 22, 2016

Pay Raise

Per a financial journal:

DreamWorks Animation has filed its proxy statement, and it's disclosed that amid the company's recovery from an off year, pay for CEO Jeffrey Katzenberg more than doubled, to $13.5 M.

That's back around 2013 levels for him. His total compensation fell to $6.38 M in 2014 with the absence of $6 M in non-equity incentive (which returned in 2015). He also received a salary of $2.5M and stock awards of $4.5 M, along with $526,919 in other compensation.

President Ann Daly earned $8 M in total comp ($1.5 M in salary, and $3.5 M in stock awards along with $3 M in non-equity incentive) and CFO Fazal Merchant earned $4.65 M. The company's former chief global brand officer, Michael Francis, earned $3.24 M in 2015.

After declining nearly 35% in 2014, DreamWorks Animation's stock rose 12.2% last year. It's up 5.3% YTD. ...

Jeffrey's paydays are a fraction of Robert Iger's income, but hey. DreamWorks Animation is a teensy bit smaller than Diz Co., though it's making similar moves to what the House of Mouse was doing when it was a struggling studio in the early 1950s: new media, amusement parks, television and movies.

But it's good to see that Mr. Katzenberg and his company are back on track after the under-performing animated features and resulting layoffs. (The Netflix deal has helped a lot, and offered some corporate stability).


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