Disney Executive Chair Bob Iger Sees Pay Package Plunge As He And CEO Bob Chapek Forgo Bonuses For Pandemic-Struck 2020
Disney Executive Chair Bob Iger Sees Pay Plunge; He And CEO Bob Chapek Forgo Bonuses For Pandemic-Struck 2020
Bob Iger, Disney’s executive chairman, saw his pay package slump to $21 million in fiscal 2020 from $47 million the year before, which included a large bonus.
Specifically, his previous package had non-equity incentive plan compensation of $21,75 million. Last year, that was zero.
CEO Bob Chapek earned $14.2 million for the fiscal year ended in September, according to Disney’s proxy filed with the SEC Tuesday.
Both execs had lower base salaries year over year as they voluntarily agreed to shave them during Covid-19. Iger’s was $1.6 million, down from $3 million, and Chapek’s was $1.8 million. There were no year-earlier figure for Chapek, who assumed the CEO post in February.