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Top Disney Executives Take Pay Cuts Amid Coronavirus (COVID-19) Crisis

Top Disney Executives Take Pay Cuts Amid Coronavirus (COVID-19) Crisis ChapekIger

The Walt Disney Co. has shared that their top Disney Executives are taking a substantial cut in their pay amid the Coronavirus pandemic.

Chairman Robert Iger will forgo 100% of his salary
CEO Bob Chapek will take a 50 percent pay cut
All Vice Presidents will have their salaries reduced by 20%
All Senior Vice Presidents will take a 25% cut in pay
Executive Vice Presidents and above by 30%

These pay cuts will go into effect beginning April 5, 2020.

This news comes just days after the company made the decision to keep all North American theme parks closed until further notice. According to The Hollywood Reporter, other executives in the Walt Disney Co. will take salary cuts as well. 

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