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HUGE BONUSES TO DISNEY EXECUTIVE TEAM
Execs Get All Goofy After Seeing
All Those Zeroes
Walt Disney Co. executives in Burbank Friday (1/12) were seen skipping about the lot whistling the tune "Zippity Doo-Dah" from the film "Song of the South."

Execs at the Mouse House, most of whom did not receive a bonus a year ago because of the company's poor performance, earned a collective $33.6 million during the 2000 fiscal year, according to the company's proxy statement released Friday.

Bonuses were doled out because of improved results, largely due to the success of ABC and its popular "Who Wants To Be A Millionaire" game show.

Topping the list was CEO Michael Eisner, who was awarded an $11.5 million bonus, bringing his overall compensation to $14.3 million, which includes $2 million in options in Disney's Internet operations.

Despite the improved results and the multimillion dollar payouts, Disney warned that its first-quarter results would be soft as Wall Street has hammered Disney's stock over concerns that the advertising market is dipping and about whether ABC can sustain "Millionaire's" huge ratings.

The proxy also showed that Eisner received his first raise in annual base pay since joining the company in 1984, going from $750,000 to $1 million.

Other top execs at the company scored as well. President Robert Iger received a $5 million bonus, bringing his total to $9.3 million, while recently departed Vice Chairman Sanford Litvack received $3.2 million, and CFO Thomas Staggs and Chief Strategist Peter Murphy nabbed $3.4 million each.

BLACKOUT TUESDAY: HOW THE MAJORS RESPONDED
(6/5a)
HARLESTON, HABTEMARIAM LAUNCH UMG TASK FORCE
(6/5a)
SONY MUSIC SETS UP $100M FUND
(6/5a)
10K OPENS FUND TO AID BLACK YOUTH
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BLACK MUSIC MONTH: THE REVOLUTION WILL NOT BE TELEVISED
(6/5a)
WHAT NEXT?
The biz ponders action after some reflection.
GRAMMY SPECULATION
100% guaranteed to be somewhat accurate, probably.
BLACK MUSIC MONTH
...continues.
TRUMP'S IN THE BUNKER
Just to inspect it, though.
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