Today news
Related News
Disney Executive Chair Bob Iger Sees Pay Package Plunge As He And CEO Bob Chapek Forgo Bonuses For Pandemic-Struck 2020
Reading now: 891
deadline.comRobert Iger, Walt Disney’s executive chairman, saw his pay package slump to $21 million in fiscal 2020 from $47 million the year before, which included a large bonus.Specifically, his previous package had non-equity incentive plan compensation of $21,75 million.
Last year, that was zero.CEO Robert Chapek earned $14.2 million for the fiscal year ended in September, according to Disney’s proxy filed with the SEC Tuesday.Both execs had lower base salaries year on year a they they voluntarily agreed to shave them during Covid-19.
Iger’s was $1.6 million, down from $3 million, and Chapek’s was $1.8 million. There were no year-earlier figure for Chapek, who assumed the CEO post in February.The pandemic smacked Disney hard, closing theme parks
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
