Shipping times may be slightly longer than normal due to delays related to COVID-19. We appreciate your patience and understanding during this time.

Breaking: Disney Executives to Take Pay Cuts Due to COVID-19 Closures

Related Posts

Jellyrolls Piano Bar to Remain Closed Indefinitely at Disney's Boardwalk Resort
Jellyrolls Piano Bar to Remain Closed Indefinitely at Disney's Boardwalk Resort
Jellyrolls, the infamous dueling piano bar at Disney's Boardwalk Resort, has announced via their Facebook page that t...
Read More
First-Ever Virtual Disney Family Game Night Happening This Friday
First-Ever Virtual Disney Family Game Night Happening This Friday
The Disney Parks Blog has announced they'll be hosting the first-ever virtual Disney Family Game Night this Friday 9/...
Read More
The Mandalorian Season 2 Begins Streaming October 30th on Disney Plus
The Mandalorian Season 2 Begins Streaming October 30th on Disney Plus
The anticipation is building ahead of the release of the second season of The Mandalorian, Disney Plus's hit Star War...
Read More

Major executives within the Walt Disney Company are taking pay cuts to relieve financial stress on the company during closures due to the Coronavirus Pandemic. The Disney Parks are currently closed indefinitely, and the pay cuts will remain in effect throughout the closure period. Executives will take pay cuts as follows:

  • Bob Iger - Forgoing entire salary
  • Bob Chapek - 50% pay cut
  • All Executive Vice Presidents (EVPs) - 30% pay cut
  • Senior Vice Presidents (VPs) - 25% pay cut
  • Vice Presidents (VPs) - 20% pay cut

The announcement was made by Disney in an executive email sent out by Bob Chapek earlier today.

Pay cuts will go into effect on April 5th, just 13 days before the committed date to continue paying Cast Members.

You can read all we know about the Coronavirus and how it is affecting Disney Parks here.

Related Posts

Jellyrolls Piano Bar to Remain Closed Indefinitely at Disney's Boardwalk Resort
Jellyrolls Piano Bar to Remain Closed Indefinitely at Disney's Boardwalk Resort
Jellyrolls, the infamous dueling piano bar at Disney's Boardwalk Resort, has announced via their Facebook page that t...
Read More
First-Ever Virtual Disney Family Game Night Happening This Friday
First-Ever Virtual Disney Family Game Night Happening This Friday
The Disney Parks Blog has announced they'll be hosting the first-ever virtual Disney Family Game Night this Friday 9/...
Read More
The Mandalorian Season 2 Begins Streaming October 30th on Disney Plus
The Mandalorian Season 2 Begins Streaming October 30th on Disney Plus
The anticipation is building ahead of the release of the second season of The Mandalorian, Disney Plus's hit Star War...
Read More
x