The Walt Disney Co. said on Monday that executive chairman Robert Iger will forgo his entire salary and recently named CEO Bob Chapek will take a 50 percent pay cut amid the coronavirus pandemic
The Walt Disney Co.
said on Monday that executive chairman Robert Iger will forgo his entire salary and recently named CEO Bob Chapek will take a 50 percent pay cut amid the coronavirus pandemic, according to an email from Chapek sent to employees obtained byThe news comes days after the company made the decision to keep all North American theme parks closed until further notice. Other executives in the Walt Disney Co. will also take salary cuts, according to the email.
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