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Disney Chairman Bob Iger To Forgo His Entire Salary Amid Coronavirus Crisis

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etcanada.com
etcanada.cometcanada.com:

Executive chairman Robert Iger will forgo his entire salary amid the ongoing coronavirus crisis. The Hollywood Reporter claimed Monday that Walt Disney Co.

released the news to employees, confirming CEO Bob Chapek would also take a 50 per cent pay cut. Chapek reportedly sent an email to employees, announcing other company executives would take salary cuts.

THR stated Iger earned a whopping $47.5 million as chairman and CEO in the last fiscal year. RELATED: Liam Payne Donates 360,000 Meals To Families Affected By The Coronavirus Crisis The publication added that Chapek’s “base salary as CEO was $2.5 million, with an annual target bonus of $7.5 million, and an annual longterm incentive grant of $15 million.” The email, obtained by THR, read:

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