Documents filed by Marvel in conjunction with its pending$4 billion purchase by The Walt Disney Company indicate that a number of Marvel insiders are due for a big payday when the deal goes through. Of course Marvel CEO Isaac Perlmutter is the big winner with a payout in cash and Disney stock that is currently estimated at $1.6 billion, but the Wall St. Journal is reporting that other Marvel bigwigs are also set to profit in a major way, though their payouts won’t be nearly as Brobdingnagian as their CEO’s.
According to the Wall Street Journal, David Maisel, EVP and President of Marvel Studios stands to receive $20.4 million, while James Halpin, a Marvel director and former head of CompUSA, gets $10.1 million. James Breyer, another Marvel director and partner in the VC firm Accel Partners, is in line for $8.7 million, while John Turitzun, EVP and former general counsel, should receive $8 million, and CFO Kenneth West will get $5.1 million. In addition two other members of the Marvel Board of Directors, Richard Solar and Sid Gains will receive $4.8 million and $3.4 million respectively, and Alan Fine, EVP and former chief marketing officer for Marvel characters gets $1.1 million.
If Disney Deal Goes Through
Posted by ICv2 on November 20, 2009 @ 1:31 pm CT
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