Abigail Disney, whose grandfather co-founded The Walt Disney Company nearly a century ago, is poised to mount a legal battle to challenge and perhaps even claw back some of CEO Bob Chapek’s annual pay, according to three individuals familiar with the matter.
The heiress has spent the last three months quietly courting institutional investors to support a shareholder-backed salvo against Chapek at next year’s annual meeting, multiple insiders told TheWrap. The entertainment giant has been under fire for doubling Chapek’s annual compensation to $32.5 million in 2021 amid a slew of corporate fumbles that include a public legal battle with “Black Widow” star Scarlett Johansson, a botched response to Florida’s “Don’t Say Gay” law and this month’s abrupt firing of TV content boss Peter Rice.