By Elaine Low
30.03.2020 - 19:09 / variety.com
Disney has joined the list of companies implementing sizable pay cuts for senior executives amid the upheaval caused by the coronavirus crisis.
Bob Iger, who shifted from chairman-CEO to executive chairman last month, has opted to forgo his salary for the year. Bob Chapek, who succeeded Iger as CEO, has taken a 50% pay cut. Disney outlined the changes in a memo to staffers sent Monday morning.
The cuts call for a 20% reduction in salary for all VP level executives starting April 5. Senior VPs
By Elaine Low
A month and a half after being named Bob Iger's successor, Disney CEO Bob Chapek has been elected to the firm's board of directors, the conglomerate said Wednesday. Chapek will not be joining any board committees for now.
By Elaine Low
By Jill Goldsmith
By Jill Goldsmith
Amid an unprecedented crisis, Bob Iger's hopes of finally stepping away from the Walt Disney Co. were all but totally dashed.
By Jill Goldsmith
Walt Disney Co. executive chairman Bob Iger says talks are underway about best practices for when the North American theme parks reopen.
As the Walt Disney Co. looks beyond the current coronavirus crisis and to a horizon where its worldwide theme parks and resorts are able to re-open, Disney executive chairman Bob Iger has floated the possibility of taking visitors’ temperatures. Still, Wells Fargo separately downgraded Disney’s stock on Tuesday, with analysts there noting that attendance at the parks “could take 24 months to normalize.”
By Jill Goldsmith
Cinemark CEO Mark Zoradi and the theater chain's board of directors are forgoing their entire salaries for the time being amid the coronavirus epidemic, while mandating deep pay reductions for all U.S. corporate employees, the company said Monday.
Steven Spielberg and Disney chief Bob Iger are among the Hollywood figures who have donated $500,000 (£403,000) to a fund to help those in need in Los Angeles.
Executive chairman Robert Iger will forgo his entire salary amid the ongoing coronavirus crisis.
By Jill Goldsmith
Bob Iger will be forgoing his entire salary amid this worldwide health crisis.
Disney has joined the list of companies implementing sizable pay cuts for senior executives amid the upheaval caused by the coronavirus crisis.
Meghan Markle is narrating a Disney documentary, and she scored the new gig all on her own.It was previously assumed that Prince Harry pitched his wife to Disney CEO Bob Iger at the premiere of The Lion King in London in July 2019.Disneynature documentary Elephant is set to premiere on Disney+ on April 3, 2020.Duchess Meghan and Prince Harry have now stepped down as senior members of the royal family, and they've recently moved to Los Angeles, too.