Core Insights - Disney's post-succession strategy focuses on converting a potential rival into a highly incentivized partner rather than simply determining the new CEO [1] Compensation Strategy - Disney has implemented a "pay-to-stay" compensation package for Dana Walden, whose base salary of $3.75 million exceeds that of new CEO Josh D'Amaro, which is $2.5 million [2][3] - Walden received a one-time stock grant of $5.26 million and her total annual target compensation, excluding this grant, is approximately $27 million, compared to D'Amaro's $35 million [4] Risk Management - Disney's decision to retain Walden is seen as a risk management strategy, avoiding a repeat of past mistakes like the departure of Jeffrey Katzenberg in 1994, which led to loss of talent [5] - Walden's expanded role now includes oversight of film, television, and streaming, positioning her as a key creative leader within the company [6] Investor Confidence - The compensation package for Walden signals to investors that Disney is committed to maintaining a strong creative core while D'Amaro focuses on future growth [7]