Disney Leaders Bob Iger, Bob Chapek Forgo Bonuses, but Still Rake in Millions
Brent Lang Executive Editor of Film and MediaBob Iger and Bob Chapek, the two men in charge of the Walt Disney Company, saw their pay packages shrink in 2020 after forgoing bonuses that could have added millions of dollars to their compensation.The belt-tightening came after Disney announced it would layoff 32,000 people, with most of those cuts coming in its parks, experiences and products segment. COVID-19 has upended the media giant’s business, shuttering its theme parks for months, closing down its Broadway shows, and leaving many of its theatrically released movies in limbo.