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Disney & Fox Corporation End Temporary Executive Pay Cuts Related To COVID-19 Pandemic

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deadline.com

Nellie Andreeva, Dominic Patten EXCLUSIVE: Thousands of executives across The Walt Disney Company and Fox Corporation are getting their paychecks restored to pre-COVID-19 levels.We hear the temporary pay cuts, which Fox imposed due to the impact of the coronavirus pandemic on the entertainment industry, ended July 31 as originally planned.

The Disney temporary salary reductions, which had been open-ended, will be lifted starting August 23., sources say.The impacted executives from both companies were recently notified in internal emails, we’ve learned.Citing the adverse affects of the pandemic, Fox Corp.

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