We recently reported on the 2021 salaries for Disney CEO Bob Chapek and former CEO Bob Iger.
©Disney
According to the report submitted to the Securities and Exchange Commission (which requires the salaries to be released since Disney is a publicly traded company), in 2021 Chapek made $32.46 million, and Iger made $45.9 million. These numbers are more than double the 2020 salaries, which were $14.1 million for Chapek and $21 million for Iger. Why the huge change in salaries? Let’s take a look.
One of the biggest reasons for the sudden jump in salary is that many Disney executives took significant pay cuts in 2020 due to the Coronavirus pandemic and the subsequent closure of the Disney parks and many movie theaters. Iger made about $26.5 million less in 2020 than he did in 2019 (his 2019 salary totaled about $47.5 million).
Bob Iger presenting a model of Shanghai Disneyland
Another 2020 change was that Disney suspended “non-equity bonuses” in 2020, but they have since brought back the bonuses. Almost half of Chapek’s 2021 salary was supplied by such a cash bonus, to the amount of $14.3 million.
Bob Chapek
According to the Wall Street Journal, Disney’s share price has recovered from its low of $85.76 in 2020 “to more than $150 a share due in part to the rise of the Disney+ streaming service and the reopening of the company’s theme parks last year.” With guests returning to the parks and Disney+ on the rise, the Walt Disney Company is quickly recovering from the 2020 dip in entertainment earnings.
©Disney || Bob Chapek
The Wall Street Journal reports that the high salaries for Disney executives are not new. “Disney has historically offered some of the highest executive pay packages in the U.S.”
©Alberto E. Rodriguez / Getty Images
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Greedy man Chapek makes a person sick.
You missed the point of your story. Bob “Paycheck” raised his salary so that he could afford a trip to Disney World. He could not possibly afford a trip with his previous salary. LOL So much for the rest of us. I hope you read the sarcasm in this post.
Just another reason to sign the petition. These executives have totally lost the point. EVERYONE has suffered from the pandemic. They need a good dose of how the people that visit the Parks live. Not everyone lives in the castles.
All I read was blah blah blah more money for him while us poor Disney fans suffer the nickel and diming. So sad with the direction things are going.
How sad that Chapek only made $14+ million in 2020 while the whole world was in the midst of a pandemic and many people could not afford rent, food or medicine. My heart bleeds for him. So because he had to tighten his diamond studded golden belt, I can’t take my family to Disney because I can’t afford it anymore! Yeah, that sounds fair to me!
Does that mean I should ask my boss for a double increase for my 2022 salary? Bob Chapek World! I sure miss Walt Disney World! I think going forward everyone who does visit should have a T-Shirt made that says “ Walt Disney World – Out! Bob Chapek World – In!
As a DVC Member since 1997, it is disappointing how many Member Benefits have been taken away. Currently their are no Annual Passes available to buy and use, theirs no Meal Plans, and because not all the hotels and DVC resorts are not open yet, it’s very difficult to schedule s reservations.
However, our Annual Dues increased $650+ for 2022.!!!
Bob Chapek is not playing fair. Did the Disney employee’s get this kind of raise.
Very Disappointed with Disney/DVC..