Several Disney executives will take pay cuts as the company works through challenges stemming from the coronavirus pandemic
Walt Disney Co. said Chairman and former Chief Executive Robert Iger has agreed to forgo most of his salary while his successor, CEO Bob Chapek, along with several executives, will take pay cuts as the company works through challenges stemming from the coronavirus outbreak.
In addition to giving up his salary, Mr. Iger will waive his right to a car allowance, the company said Monday. Disney will continue to pay him for health-care benefits.
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