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Disney Senior Executives to Take Pay Cuts; Iger Forgoes Entire Salary

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In a letter to Cast Members today, Disney CEO Bob Chapek announced that all senior executives at Disney will be taking pay cuts corresponding to how high up the corporate ladder they are.

Here's a breakdown:

Executive Chairman (Bob Iger) - 100% pay cut
Chief Executive Officer (Bob Chapek) - 50% pay cut
Executive Vice Presidents - 30% pay cut
Senior Vice Presidents - 25% pay cut
Vice Presidents - 20% pay cut

This action will "remain in effect until [Disney] see[s] a substantive recovery in [its] businesses."

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Hershey's Chocolate World Debuts Lineup of New and Limited Time Offerings for America250

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