In a proxy statement to shareholders, The Walt Disney Company has outlined the total compensation awarded to its top executives in fiscal 2020. As you know, 2020 hit The Walt Disney Company hard, most notable was that the company decided to lay-off 28,000 Cast Members – mainly from the parks division. Here’s a breakdown of the executive compensation packages for fiscal 2020:
- Bob Iger (Executive Chairman) – $21,031,389
- Bob Chapek (CEO) – $14,163,936
- Alan Braverman (Senior EVP, General Council) – $9,115,736
- Christine McCarthy (CFO) – $10,997,005
- Zenia Mucha (CCO) – $4,945,851
- Jayne Parker (HR) – $7,291,914
In addition, The Walt Disney Company officially confirmed that executives restored their COVID-19 related pay cuts on August 22, 2020, with the exception of Iger, who agreed to forgo his entire salary through early October.
Mr. Iger agreed to forgo his salary through the end of the fiscal year. Mr. Chapek agreed to forgo 50% and each of Mr. Braverman, Ms. McCarthy, Ms. Parker and Ms. Mucha agreed to forgo 30% of the base salary that would otherwise have been payable through August 22, 2020.
The compensation for all executives declined year-over-year, with Iger dropping from $47 million to $21 million. 2019 data was not available for Chapek.
As always, keep checking back with us here at BlogMickey.com as we continue to bring you the latest news, photos, and info from around the Disney Parks!