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Robert Allen Iger (; born February 10, 1951) is an American media executive and businessman who is Chairman and Chief Executive Officer (CEO) of The Walt Disney Company. Before working for Disney, Iger served as the President of ABC Television from 1994–95, and as President/COO of Capital Cities/ABC, Inc. from 1995 until Disney's acquisition of the company in 1996. He was named President and COO of Disney in 2000, and later succeeded Michael Eisner as CEO in 2005, after a successful effort by Roy E. Disney to shake up the management of the company. As part of his yearly compensation, Iger earned $44.9 million in 2015. During Iger's tenure, Disney broadened the company's roster of intellectual properties and its presence in international markets; Iger oversaw the acquisitions of Pixar in 2006 for $7.4 billion, Marvel Entertainment in 2009 for $4 billion, Lucasfilm in 2012 for $4.06 billion, and 21st Century Fox in 2019 for $71.3 billion, as well as the expansion of the company's theme park resorts in East Asia, with the introduction of Hong Kong Disneyland Resort and Shanghai Disney Resort in 2005 and 2016, respectively. Iger was a driving force behind the reinvigoration of Walt Disney Animation Studios and the branded-release strategy of its film studio's output. Under Iger, Disney has experienced increases in revenue across its various divisions, with the company's market capitalization value increasing from $48.4 billion to $257 billion over a period of thirteen years. In April 2019, Abigail Disney, granddaughter of Walt's brother Roy, claimed that the increased annual compensation of Disney's Chief Executive, Bob Iger, “deepened wealth inequality”. Iger made $65.6 million in 2018 – 1,424 times the median salary of a Disney employee, which included a one-time stock grant for extending his contract to oversee the acquisition of 21st Century Fox. The Walt Disney Company responded by saying, "Disney has added more than 70,000 jobs during Mr. Iger's tenure and has made historic investments to expand the earning potential and upward mobility of our workers," adding that they had implemented an hourly minimum wage at Disneyland of $15/hour and are spending $150m on an education initiative to provide free college training. Iger announced that he will step down as CEO and Chairman of Disney when his contract expires at the end of 2021.