Disney executive compensation revealed, fans react

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Today, The Walt Disney Company executive compensation figures for 2020 were released – this included what Disney CEO Bob Chapek and Executive Chairman Bob Iger received – and fans online aren’t necessarily pleased with the numbers, especially amid tens of thousands of Disney layoffs during the COVID-19 pandemic.

Iger received a total of $ 21 million, Chapek $ 14.2 million, CFO Christine McCarthy $ 10.9 million and senior executive vice president Mr. Jayne Parker received $ 7.3 million. dollars.

Bob Chapek and Bob Iger
Credit: Disney

Related: Disney Posts $ 2.4 Billion Loss For Parks In Q4

To be fair, in the spring of 2020, Mr. Chapek and Mr. Iger suffered major pay cuts as Disney lost money during the coronavirus outbreak. Three of the company’s six global theme parks – Disneyland Resort in Anaheim, California, Disneyland Paris and Hong Kong Disneyland – remain closed alongside Disney Cruise Line.

Another park, Tokyo Disney Resort, is currently operating with limited hours due to a COVID-19 surge in the region.

Only the Walt Disney World Resort in Orlando, Florida, and Shanghai Disneyland are operating relatively normally, with advanced health and safety precautions, such as face masks and social distancing measures, of course.

Here, we take a look at how fans are reacting to Disney’s 2020 executive compensation packages.

Adam Meyers responded to the Hollywood Reporter article on Disney executive compensation with the following thoughts:

The lowest salary mentioned in this article is $ 14.1 MILLION. How many of these laid-off workers do you think could have improved the quality of life if JUST Chapek’s salary had been cut by $ 4 million and split between them? It would be JUST FINE with 10 mil instead of 14. PLUS Iger’s cut

Related: Disney CEO Bob Chapek Speaks Out After U.S. Capitol Incident

A cast member shared this opinion about the current Disney CEO:

Chapek didn’t even let us pass our front door advantage at Disney + during quarantine, that’s how little he values ​​his employees.

Orlando-area reporter Ashley Carter shared these details about the Walt Disney Company compensation from last year:

The Walt Disney Company has revealed the 2020 compensation for its top executives. Executive Chairman Bob Iger earned $ 21 million in total compensation, while CEO Bob Chapek, who became CEO in late February, earned $ 14 million.

The immediate responses to Carter’s message included:

And too many people at Disney lost their jobs in 2020 …

and

This is not going well

Related: Bob Iger Brought The Magic Back To Disneyland

On the flip side, some Disney fans have noted that Chapek has been the lowest paid CEO of the company for quite some time. Nick Turner wrote:

Covid tightens payroll for Disney Bobs

Iger’s pay drops 56% and Chapek has been the lowest-paid CEO at the company for more than a decade.

While Mr. Chapek has just taken the reins of CEO of The Walt Disney Company in February 2020, just before the pandemic really begins in the United States, Mr. Iger is expected to leave Disney this year to pursue other projects, including work on a starter card.

Other leadership upheavals have also taken place this year, with Disney completely restructuring to focus on Disney + and original streaming content. Kareem Daniel has been appointed to head this new direct-to-consumer division of the company.

Going forward, it will certainly be interesting to see how streaming executive compensation compares to others in more established departments, such as Josh D’Amaro’s Parks, Experiences and Products division.

What do you think? Should Mr Iger and Mr Chapek have taken even less in 2020 or is their pay reasonable?



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