by 
Disney Executives forgo pay this year, including board-member Bob Iger and new CEO, Bob Chepak. The decision follows the company’s extended closure of its theme parks worldwide.
Executives of the Walt Disney Company were asked to forgo between 20-30% of their pay during the COVID-19 pandemic. However, Chapek is releasing 50% of his pay and former CEO, Bob Iger, will forgo all 100% of his pay.
According to the Hollywood Reporter, Iger was paid $47.5 million as chairman in 2019 and $65.8 million in 2018. Chepak’s has a $2.5 million annual pay with a bonus target of $7.5 million.
Related Posts to Disney Executives Forgo Pay
- Disney Themes Parks Won’t Reopen Until Further Notice
- Empty Park Photos of Disney World & Universal
- Subscribe to our YouTube Channel for exclusive Disney theme park tips!
However, it’s unclear how much of this pay will go to employees of the company. Theme park cast members at Disneyland and Walt Disney World will stop receiving pay on April 18, 2020. Reportedly, the theme park resorts lose a minimum of $40 million each day they are closed.
At this time, Walt Disney World and Disneyland do not have a reopening date for their theme parks. As COVID-19 cases in the US rise by the day, it’s uncertain when the peak of the pandemic will hit. However, the theme parks are taking reservations for hotel guests starting on June 1, 2020.
To get updates on the Disney theme park reopening, sign up for our free e-mail newsletter! You can also follow us on Instagram and Twitter.
