Since Iger took over Disney 10 years ago, the company’s stock has soared more than 380%. His employment contract ends in June 2018, and he’s not expected to seek an extension.
In his new position as non-executive chairman of Carson Holdings, Iger will earn $1 a year; he earned $46.5 million at Disney in fiscal 2014, according to the latest regulatory filing. He will be in a position to achieve something that no one else has accomplished in 20 years: bring an NFL team back to professional-football-starved Los Angeles.
“Should the owners approve the move, Los Angeles will proudly welcome two incredible teams to our community and build a stadium worthy of their fans,” Iger, 64, said in a statement distributed by Carson Holdings. “L.A. football fans will enjoy unprecedented access to games during the season, in a state-of-the-art stadium designed to deliver the most entertaining, exciting and enjoyable experience possible.”
The move would certify Iger’s membership in the upper echelons of Los Angeles civic circles.
The involvement of Iger in the Carson bid is structured so that it does not interfere with his duties at his Burbank company. Iger would oversee the design, construction and operation of the stadium as well as hiring decisions and naming rights.