Horacio Gutierrez, the chief legal and compliance officer at The Walt Disney Co., saw his compensation rise significantly over the past year, reflecting a rebound in the company’s performance. Gutierrez’s total earnings for 2024 topped $15.8 million, marking a nearly 36% increase from the previous year, according to Bloomberg Law.
Gutierrez is one of the highest-paid legal executives in the media and entertainment industry, having replaced Alan Braverman three years ago. His financial package included a substantial allocation of stock and option awards, which accounted for nearly $10 million of his total compensation. In addition, he received approximately $5.8 million in other remuneration.
The spike in Gutierrez’s compensation is in line with the wider financial gains of Disney’s leadership. CEO Robert Iger also experienced a salary increase last year. Disney’s film and streaming segments have demonstrated a turnaround, contributing to the company’s overall profitability and thereby justifying the elevated pay packages for its executives. You can read more about Disney’s legal department restructuring on Bloomberg Law’s dedicated report.
This payment increase for Gutierrez seems to mirror Disney’s strategic adjustments and growth, particularly within its film and streaming businesses, which have shown marked improvement. Further insights into Disney’s executive compensations can be found in various coverage, such as the detailed breakdown of Iger’s earnings on Bloomberg Law.