Walt Disney Co. executives will take a pay reduction according to reports

Mar 30, 2020 in "The Walt Disney Company"

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Bob Chapek and Bob Iger

Posted: Monday March 30, 2020 11:39am ET by WDWMAGIC Staff

Reportedly, Walt Disney Co. executives will be taking a reduction in salaries as the company battles the impacts of the coronavirus.

According to a letter sent to some employees, CEO Bob Chapek will allegedly take a 50% pay cut, Executive Chairman Bob Iger a 100% pay cut, VP's 20%, SVP's 25%, and EVPs 40%.

Bob Chapek's basic pay as CEO is around $2.5 million, and he is also eligible for an annual target bonus of “not less than 300% of the annual base salary.” It isn't clear which pay cut the 50% relates to.

Pay cuts will be in place until there is a substantive recovery in the business.

The company is facing numerous challenges as the theme parks look to be closed for at least another month following their mid-March shut-down due to the spread of coronavirus.

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The MomAug 02, 2022

WDW made an announcement about lifting all Covid restrictions, etc so if they reinstate them another thread will be created to enable discussion.

correcaminosAug 02, 2022

You ever go to Epcot? WS stores are not all open. Not even close. Lots of dining missing. Tons of shows missing No trams at Epcot or DHS. We had a lovely time but the missing and restrictions stand out. Pretending something is back to normal isn't the same as it actually being back to normal.

DisneyDebRobAug 02, 2022

I thought I contributed greatly to the downfall of the thread. Giving myself to much credit i guess.😎

disneyfiremanAug 02, 2022

All closed? I saw just about all dining open. There are shows. And cultural reps are there. There is a thread in here about it. Not sure about the trams. I knew they are running MK. And Epcot I think. I didn’t see any store closed. And as for all shows. Yes some are not on. But many are. Either way. It was a great time. Genie plus works great. Loved the whole visit.

hopemaxAug 02, 2022

The thread was closed too long! DisneyDebRob - About 2,000 results

DisneyDebRobAug 02, 2022

As for the hand sanitizers being removed , IMO its a bad idea but maybe im just speaking for myself. Im a clean nut. I do taje sanitizer with me and use it acter everything. Ive been sick almost every time i return home from a trip and since ive been taken my own, i think one time I didn’t feel good out of the last 10-12 trips. Sure there are a lot of bathrooms and wasking is much better but for me that needs to clean after i leave a store, attraction, monorail,bus,skyliner,etc it comes in handy. Not taking it out of my backpack after doing any of those things and getting some was convenient. But thats me. Oh and welcome back everyone..even you #hopemax. 😂

Angel ArielAug 02, 2022

I’ll be shocked if those ever go away.

AEfxAug 02, 2022

I won't be ready to declare the "end of pandemic restrictions" until they remove park reservations. I mean, that's why they are there, right? It wasn't just an opportunistic way to further lock down people into ridiculous levels of vacation planning. Amirite?

correcaminosAug 02, 2022

For some that's not an easy option.

correcaminosAug 02, 2022

It's why we won't return to AKL anytime soon. As AP and DVC I'm more patient on the rest. Oh and those darn patk reservations and hopping at 2pm. Still annoyed with that. Disney is getting there but missing lots still.