https://variety.com/2020/tv/news/bob-iger-disney-bob-chapek-salary-cuts-coronavirus-1203548824/
Yes! This is just an excuse so they can let go of people and weasel out (or in this case rat out) of paying increases and any incoming bonuses!
Later they will get 10 times back in special stock bonuses for foregoing the salary when times were tough.
I already got a pay cut. Every business is going to be hurt because Coronavirus has shut down the world economy
Speak for yourself. According to the hipster in chief I get to go live in Alabama while enjoying a SF comp
It would be mostly their base - not performance pay as that would not be paid monthly. For these guys - the main compensation is likely all performance
It’s just publicity imo
Watch him get a big fat Christmas bonus or some other pay disguised as something else later on
Why is it a stunt? 😂 He’s doing the right thing and it’s good publicity, because it’s reported and good branding for Disney?
I wouldn’t be surprised if 90% of his comp comes from stock awards. So taking his salary to $0 would be only a 10% pay cut. Why do you think so many CEOs have a $1 salary?
Wake me up when he forfeits his stock grant too
Absolutely, pay is peanuts for these guys
This guy C level comps
Absolutely - it justifies the furloughs and the layoffs to come soon
They’re here
@Disney Furlough & pay cut at Disney?
The salary component of CEO TC is quite minor — they make their real money in the stock grants. I highly doubt he’s going without those, so he’s only taking a modest pay cut at best.
This. The $1 salary CEOs are still cashing out millions in stock grants on their regular liquidation schedules that they have to make public. All a virtue signaling show.
Came here to stay the same. This should be at the top. Similar to POTUS giving up his salary. 😂
This is indicative of the things to come . Layoffs and pay cuts to be expected soon