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Tag: bob chapek

5 Recent Quotes That Reveal the True State of The Walt Disney Company Right Now

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If you're looking for information related to the current closures and their effect on the Disney Parks, click here for all the up-to-date details and click here for answers to dozens of reader FAQs.

 

There have been some pretty telling comments recently that give us a glimpse into the state of The Walt Disney Company.

Bob Iger presenting a model of Shanghai Disneyland

Bob Iger has played a unique role within The Walt Disney Company amidst the current closures. Despite stepping down from his former position as Disney CEO on February 25th, Iger is still very much one of the faces of the Walt Disney Company right now. He has played an active part in steering the company through the current situation, and his comments paint a picture of Disney’s current — and future — state.

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The Twitter Thread All Disney Fans Have an Opinion About Today

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If you're looking for information related to the current closures and their effect on the Disney Parks, click here for all the up-to-date details and click here for answers to dozens of reader FAQs.

 

Abigail Disney, the granddaughter of the late Roy Disney, has been critical of The Walt Disney Company, even before the events surrounding our current situation began unfolding.

Sleeping Beauty Castle at Disneyland

And while she’s already been openly expressing her opinions in regards to some of the tough decisions Disney has been forced to make, she posted a long thread of criticism on Twitter yesterday which has a LOT of people talking.

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NEWS! CEO Bob Chapek Has Been Elected to Disney’s Board of Directors

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If you're looking for information related to the current closures and their effect on the Disney Parks, click here for all the up-to-date details and click here for answers to dozens of reader FAQs.

There’s no doubt that these past several weeks have been truly transformative for the Walt Disney Company. Not only have the recent events closed the parks globally and delayed significant film releases, but the leadership of the Company is facing historic changes as well.

Bob Chapek

We’ve just learned about a significant move made by the Board of Directors in electing their newest member.

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Just How Much Money Are Disney’s Chiefs Bob Iger and Bob Chapek REALLY Giving Up?

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At this time, Disney World and Disneyland will remain closed until further notice and will be compensating their employees until April 18th, after which all non-essential Cast Members will be short-term furloughed.

And while the parks are accepting new reservations starting after June 1st, they’ve just released all of their incoming college interns and cultural representatives from their Disney programs which were scheduled to begin in early June.

Bob Chapek at Star Wars: Galaxy’s Edge Dedication Ceremony

Combined with other efforts to budget-cut due to theme park losses compounded by hits to nearly all of Disney’s primary entertainment silos, news broke recently that some of Disney’s most highly-paid executives were taking major salary cuts, including current CEO Bob Chapek and CEO-turned-Chairman Bob Iger. 

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Disney Executives Push Back on Details Of Recent Salary Cuts

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With the recent closures of the Disney parks, there have been several measures taken by the Walt Disney Company to maintain economic viability. One of those measures has been a major salary reduction for Disney executives.

Bob Chapek

This announcement came just last week, but it seems that all has not gone smoothly with the pay cuts.

It seems the terms of the amended company contracts failed to provide an end date to the salary reductions, among other things, prompting executives to push back against the cuts.

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Why Did Disney’s Bob Iger Really Step Down From The CEO Spot?

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When Bob Iger suddenly announced he was stepping down from Disney’s Chief Executive Officer, the news came as a surprise to many. 

Bob Iger

It’s true that we already knew Iger had plans to retire in 2021, but why was he calling it quits so early?

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Breaking News! Disney’s Top Executives Are Taking a MAJOR Pay Cut!

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With the tough decision to close Disney World and Disneyland until further notice and postpone all Disney Cruise Line sailings until after April 28th, The Walt Disney Company’s ability to generate revenue is taking a big hit right now.

Sleeping Beauty Castle in Disneyland

And while Disney has promised its Cast Members paychecks until April 18th, the Walt Disney Company’s CEO Bob Chapek and former CEO Bob Iger have announced they’ll be taking a large reduction in salary.

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Here’s EVERYTHING You Missed at the Disney Parks This Week! Spoiler Alert: It’s A Lot!

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It has certainly been a busy week in Disney news! From a new CEO being announced to Festival menus on BOTH the east coast and the west coast, there has been no shortage of exciting announcements.

©Disney Artist Concept for New Cinderella Castle

Let’s take a look at some of the biggest news stories from the past week!

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