Because of the coronavirus, Bob Iger refused to pay, and the head of Disney will cut it by 50%

Former Disney CEO Bob Eiger decided to abandon his salary amid the coronavirus pandemic, while his deputy, Bob Chapek, will cut it by 50%.

This became known against the background of the studio’s recent decision to close the theme parks in North America for an indefinite period. Reductions in salaries will affect other senior representatives of the corporation – they will cut salaries by 20-30%.

In the last fiscal year, Iger earned more than $47 million, while in 2018 this amount was $65.6 million. The main salary of Chapek is $2.5 million-plus an annual bonus of $7.5 million and a long-term grant of $15 million.
Whether the reduction affects only the basic salary or all its parts is not specified.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor
E-mail: Braun.freenews@gmail.com