$35 Million Disney Pandemic Profits For Execs As Employees Are Laid Off

  • Disney’s latest SEC filing has revealed that while the entertainment juggernaut laid off thousands of employees in 2020, their top two executives earned a total of $35 million in 2020.
  • The Orlando Sentinal reports that CEO Bob Chapek was paid $14 million while Executive Chairman Bob Iger earned $21 million in 2020 as Disney+ skyrocketed to popularity.
  • However, the two executives will not receive bonuses this year, the outlet reports, as the company took a major hit due to the coronavirus pandemic, which virtually shut down film production and releases for a time, as well as closed doors and limited capacity at theme parks, a major moneymaker for the organization.

See full story here.

Categories: Business, Labor

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