According to documents obtained by Deadline, temporary salary reductions for executives at The Walt Disney Company are ending on August 23rd.
The reductions went into effect on April 5th as a cost cutting measure in the early weeks of the COVID-19 pandemic. The cuts ranged from 20% for Vice Presidents, up to 50% for CEO Bob Chapek and 100% for Chairman Bob Iger.
At the time, Disney put no end date on the reductions, but Deadline learned that executives were told yesterday that their salary would be restored on Sunday and that the changes would be reflected on their next check.
Deadline has not been able to confirm the salary updates with Disney or exactly which executives are affected.
Image: Disney
Tom is the host and producer of the DIS Unplugged: Disneyland Edition podcast, plus Disneyland Editor of The DIS. He enjoys traveling with his wife and teenage son. At this point, their favorite destination is Alaska, with a FIFTH cruise there planned for the Summer of 2019. In his spare time he volunteers with Boy Scouts and Cub Scouts, and help found his son's former Cub Scout Pack. His favorite Disneyland attraction is Space Mountain.
