Bob Iger steps down from Apple's board as Disney becomes a competitor

 edition.cnn.com  09/13/2019 23:57:19 
Disney CEO Bob Iger stepped down from Apple's board Friday.

In Apple's previous regulatory filings about Iger, the company had noted Apple enters into "arms-length commercial dealings" with Disney, including content licensing agreements. But Apple said it didn't believe Iger had a "material direct or indirect interest" in those negotiations.

At Apple, Iger was the chairman of the company's governance committee and served on the compensation committee. He is one of the world's highest-paid CEOs: His total compensation at Disney was $65.6 million last year. Iger has long been criticized for his high pay, including by Disney heiress Abigail Disney, who has been outspoken about Iger's compensation.

Iger was paid $125,000 in salary and $250,000 in stock to serve on Apple's board. At the end of last year, Iger held $11 million worth of Apple's stock.

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