Bob Iger to Forgo Disney Salary During Coronavirus Shutdown, CEO Bob Chapek Takes 50% Pay Cut

Last week Disney extended its theme park closures indefinitely

Bob Iger Bob Chapek
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Disney’s top two execs — Bob Iger and newly-installed CEO Bob Chapek — will be taking pay cuts while the company weathers the coronavirus pandemic.

Iger, who is now executive chairman, will forgo his entire Disney salary, while Chapek will take a 50% pay cut. Other top executives will be taking reduced salaries between 20% and 30% depending on their title. Iger, one of the highest-paid executives in Hollywood, earned $47.5 million during the most recent fiscal year.

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