Disney’s Executive Pay Cut Threatens To Deepen the Divide Between The Two Sides Of The Merged Company
Reading now: 683
deadline.comBy Nellie Andreeva Co-Editor-in-Chief, TV Shockwaves went through the film and TV community this morning when Disney, one of the biggest media companies in the world, became the first entertainment conglom of that size to implement massive pay cuts related to the ongoing coronavirus pandemic.
It is probably not how the company’s leadership had planned to mark the one one year anniversary of the $71.3 billion Disney-Fox merger, which was 10 days ago, on March 20.
With Hollywood production shut down, theatrical releases on hold and amusement parks closed, Disney’s incoming CEO Bob Chapek this morning announced a salary reduction of 30% for EVPs and above, 25% for SVPs and 20% for VPs “until we foresee a substantive recovery in our
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.
