Disney Chairman Iger to Skip Salary; Other Leaders Take Cuts
- Company’s theme-park workers will be paid through April 18
- Management cuts last ‘until we foresee a substantive recovery’
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Walt Disney Co. Chairman Bob Iger will give up his salary, and other executives will take cuts in pay, in response to park closings and other hardships tied to the coronavirus.
In a note to senior executives Monday, new Chief Executive Officer Bob Chapek said the cuts begin April 5 and last indefinitely. His salary is being sliced in half, while other executives will see reductions of 20% to 30%.