Disney’s outgoing CEO, Bob Iger, is relinquishing his entire salary, while new company leader Bob Chapek will cut his salary in half in an effort to help the company’s employees during this tough time with the COVID-19 crisis. The Walt Disney Company announced this in an email to employees that was obtained by The Hollywood Reporter.
From April 5, all Disney vice presidents will see their pay cut by 20 percent, with senior vice presidents dropping pay by 25 percent, and executive vice presidents and above by 30 percent.
Iger has been one of the highest-paid media executives in the world during his run as CEO of Disney. For the latest financial year, he made $47.5 million, which was down from $65.6 million during the year prior. As for Chapek, his base salary is $2.5 million, so he’ll now earn $1.25 million.
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Source: Game Spot Mashup