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Monday, March 20, 2023

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Disney’s Bob Iger is giving up his salary during the Coronavirus

Former Disney CEO and current Executive Chairman, Bob Iger announced that he is giving salary during the Coronavirus outbreak. While his salary only accounts for $3 million out of his $47.5 million in total compensation he received in 2019.

The new CEO of Disney, Bob Chapek, announced that his $2.5 million salary is being cut in half during the outbreak. All of this is a part of a pan where all of Disney’s vice presidents will see a 20% decrease in salary and all senior and executive vice presidents will see a 25-30% cut.

“In a matter of weeks, we’ve experienced widespread disruption across our company, with our domestic parks and hotels closed indefinitely, our cruise line suspended, our film and TV production halted and theatrical distribution delayed both domestically and internationally, and our retail stores shut down,” Chapek wrote in a Monday email to staffers.

Disney closed their theme parks last months and continue to pay their employees despite being closed.

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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