Iger's salary was $3 million in fiscal 2019. His total compensation was $48 million, including bonus and stock awards.
“until further notice.” Disney had previously said the parks would be closed through the end of March.
The outbreak has also closed Disney’s cruise line business, shuttered retail stores and delayed multiple film and television productions. The situation also forced the company to push back the release dates for high-profile films including “Mulan” and “Black Widow” indefinitely.
Many other executives will see their pay reduced, as well. Vice presidents at Disney will have their salaries cut by 20%. Pay for senior vice presidents and executive vice presidents will be docked 25% and 30%, respectively. The reductions take effect April 5.“This temporary action will remain in effect until we foresee a substantive recovery in our business,” Chapek said., but his base salary of $3 million makes up a small percentage of his total compensation. His $47.
Iger’s compensation has been criticized in the past by activists including Abigail Disney, a granddaughter of company co-founder Roy Disney. Other entertainment company leaders, including AMC Theatres’ Adam Aron and Endeavor’s Ari Emanuel, have also zeroed out their salaries in recent days.
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