DreamWorks Animation CEO Jeffrey Katzenberg's Pay Drops 53 Percent

Paul Jeffers

Katzenberg's $2.5 million base salary didn't change, but in 2013 he made $6 million via a non-equity incentive plan, while in 2014 he made zero from that plan.

In a very tumultuous 2014, DreamWorks Animation paid CEO Jeffrey Katzenberg $6.4 million, down 53 percent from the $13.5 million he made a year earlier.

Katzenberg's $2.5 million base salary didn't change, but in 2013 he made $6 million via a non-equity incentive plan, while in 2014 he made zero from that plan.

Shares of DreamWorks Animation dropped 37 percent in 2014 amid layoffs and write-offs, and Katzenberg has criticized himself for perhaps focusing too much on acquisitions and expansion and not enough on the core business of quality, theatrical releases for family audiences.

In recent years DreamWorks Animation has taken write-downs on Penguins of Madagascar, Turbo, Mr. Peabody & Sherman and Rise of the Guardians, though its latest release, Home, is doing solid business thus far.

Earlier this year, the film company raised cash by selling its Glendale campus for $185 million and leasing back the 13-acre property.

Beyond Katzenberg, president Ann Daly saw a drop in salary to $4.2 million after making $8 million a year prior, while chief global brand officer Michael Francis saw his compensation fall to $3.3 million from $6.1 million a year before.

Fazal Merchant, the new CFO, was paid $3.3 million in 2014, while former CFO Mark Zoradi made $2.1 million.

 

 

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