Disney Nixes Bonuses for Top Executives as It Details 2020 Compensation

Bob Iger Bob Chapek Coronavirus pandemic 2020

20.01.2021 - 12:48

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hollywoodreporter.com

hollywoodreporter.com:

The Walt Disney Co. has disclosed the executive compensation for CEO Bob Chapek and executive chairman Bob Iger for the company's latest fiscal year, which ended on Oct.

3. It was a very unusual year, the first in which Chapek led the company, and with nearly every part of Disney's business impacted by the novel coronavirus pandemic.

The company says that"in light of the company's circumstances this year," all of its top executives would forgo their bonuses, in addition to the salary cuts announced last summer.

Chapek, who was elevated to the CEO role in late February,has been with the company since 1993 and previously worked as chairman of Disney Parks, Experiences and Products since 2018.

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