Monday, June 14, 2021

$1.00 SALARY; $23-MILLION COMPENSATION FOR KATZENBERG

April 2, 2010 by · Leave a Comment 

It has turned out to be a week of bad news/good news for DreamWorks Animation chief Jeffrey Katzenberg. The bad news came on Monday as box-office figures revealed that the studio’s latest feature, How to Train Your Dragon, opened at the low end of forecasts with $43.3 million. The good news came in an SEC filing indicating that Katzenberg, who has not received a salary since he became one of the original DreamWorks founders in 1994, had pocketed additional compensation amounting to $23.4 million. The package is hinged to the performance of DreamWorks Animation’s stock, which climbed 58 percent in 2009.