Ousted Disney chief executive Bob Chapek is set to receive a hefty paycheck following his exit
The Walt Disney Company said the former CEO, who took over in February 2020 after longtime CEO Bob Iger retired, is eligible to take home a severance pay package worth roughly $20 million, according to a regulatory filing Tuesday. That’s in addition to the $24 million he made last year — his $2.5 million base salary plus millions in stock options and awards. That’s down from the $32.5 million he made in 2021.
“The significant developments and change in the broader macroeconomic environment over this period informed how the board viewed the appropriate leader in light of the rapidly evolving industry and market dynamics,” the filing said. Disney shares, which were trading at about $170 in January 2022, have fallen to about $100 a share. Iger has returned to Disney at a tumultuous time. Its streaming business lost $1.
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