Former Disney chief executive Bob Chapek earned $24 million in fiscal 2022, down sharply from $32 million the year before, the company revealed in its proxy Tuesday. Chapek, who exited abruptly in …
earned $24 million in fiscal 2022, down sharply from $32 million the year before, the company revealed in its proxy Tuesday.
Chapek, who exited abruptly in November, is entitled to just over $6.5 million in remaining base salary through the scheduled expiration date of his employment agreement, just over $1 million equivalent to a pro-rated target bonus for fiscal 2023, as well as $12.6 million in accerated restricted stock units — for a total exut payout of about $20.4 million.’s total package of $14.9 million compares with $45.8 million the previous year. Iger stepped down as CEO in Feb.
The situation was a bit confusing, as per the board’s explanation, since it had just renewed Chapek’s contract in June. “In June 2022, the Board agreed to extend Mr. Chapek’s employment agreement based on Mr. Chapek’s work navigating the Company through the unprecedented challenges of the pandemic and growing the Company’s streaming business. The Board continued to spend significant time discussing the leadership of the Company in the months that followed and determined that Mr. Chapek was no longer the right person to serve in the CEO role.
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