We recently reported on the 2021 salaries for Disney CEO Bob Chapek and former CEO Bob Iger.
©Disney
According to the report submitted to the Securities and Exchange Commission (which requires the salaries to be released since Disney is a publicly traded company), in 2021 Chapek made $32.46 million, and Iger made $45.9 million. These numbers are more than double the 2020 salaries, which were $14.1 million for Chapek and $21 million for Iger. Why the huge change in salaries? Let’s take a look.
One of the biggest reasons for the sudden jump in salary is that many Disney executives took significant pay cuts in 2020 due to the Coronavirus pandemic and the subsequent closure of the Disney parks and many movie theaters. Iger made about $26.5 million less in 2020 than he did in 2019 (his 2019 salary totaled about $47.5 million).
Bob Iger presenting a model of Shanghai Disneyland
Another 2020 change was that Disney suspended “non-equity bonuses” in 2020, but they have since brought back the bonuses. Almost half of Chapek’s 2021 salary was supplied by such a cash bonus, to the amount of $14.3 million.
Bob Chapek
According to the Wall Street Journal, Disney’s share price has recovered from its low of $85.76 in 2020 “to more than $150 a share due in part to the rise of the Disney+ streaming service and the reopening of the company’s theme parks last year.” With guests returning to the parks and Disney+ on the rise, the Walt Disney Company is quickly recovering from the 2020 dip in entertainment earnings.
©Disney || Bob Chapek
The Wall Street Journal reports that the high salaries for Disney executives are not new. “Disney has historically offered some of the highest executive pay packages in the U.S.”
©Alberto E. Rodriguez / Getty Images
Keep following DFB for more of the latest news from Disney.
Click Here to Learn What Former Disney CEO Michael Eisner Said About Bob Chapek
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
Don't Miss Out on Any Disney Fun!
Order Your Copy of the 2022 DFB Guide to Walt Disney World Dining Today!
With more than 750 pages, the 2022 DFB Guide to Walt Disney World Dining is full of tips and planning tools developed by Disney World experts over 30+ years of visits. We've done the research for you, so you'll know just which spots will uniquely suit your family's needs!
With mini-reviews of every single restaurant, bar, lounge, kiosk and more; an entire chapter on the best snacks in Disney World; full Disney Dining Plan analysis (and how to get FREE dining); and a full chapter on discounts and deals; you'll have everything you need to plan your best vacation yet.
Click here to order your copy of the 2022 DFB Guide to Walt Disney World Dining E-book with code WDW2022 to save 25% off the cover price today!
Use code WDW2022 at check-out for 25% off the cover price today!
Our guides are backed by a 100% money-back guarantee, so you have nothing to lose. 🙂
Are you heading to the Disney parks this year? Let us know in the comments.
TRENDING NOW
Disney is making a change to the way guests skip the line at one popular...
Princess fans rejoice with the reopening of Bibbidi Bobbidi Boutique!
Need recommendations for what Disney restaurants to try on your first visit to Disney World?...
Details have been released about a NEW Disney and Pixar movie! Find out more right...
Magic Kingdom hit some rough patches this past week...
We put together ALL of the Minnie and Mickey ears that have been released in...
A stolen animatronic, ghosts haunting an attraction, and ZOMBIES in World Showcase?! Check out the...
A recent NBC poll shows that public opinion is divided for both Florida Governor Ron...
We've got MAJOR details about how the virtual queue will work for Guardians of the...
Headed to Disney World soon? We're saving your trip by helping you change those bad...
Getting to Disney can be expensive, but shopping for Disney merch doesn't have to be...
When water starts falling out of the sky in Disney World (and it probably will...
The Harmony Barber Shop is reopening in Disney World! Find out when you can get...
We hope you're hungry, because Disney World's NEW snack is MASSIVE!
We have a look at the NEW food at Disney World for the summertime! Check...
Florida Governor Ron DeSantis has given an update on the dissolution of Disney World's Reedy...
We're breaking down our top Genie+ tips for Disney World!
Do you actually NEED to spend the money on Genie+ to have a good time...
If you're going to Disneyland Resort, should you stay in a Disneyland hotel or choose...
A unique lounge experience is reopening soon in Disneyland Park, and we've got all the...
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
Subscribe via RSS
Subscribe via email
Greedy man Chapek makes a person sick.
You missed the point of your story. Bob “Paycheck” raised his salary so that he could afford a trip to Disney World. He could not possibly afford a trip with his previous salary. LOL So much for the rest of us. I hope you read the sarcasm in this post.
Just another reason to sign the petition. These executives have totally lost the point. EVERYONE has suffered from the pandemic. They need a good dose of how the people that visit the Parks live. Not everyone lives in the castles.
All I read was blah blah blah more money for him while us poor Disney fans suffer the nickel and diming. So sad with the direction things are going.
How sad that Chapek only made $14+ million in 2020 while the whole world was in the midst of a pandemic and many people could not afford rent, food or medicine. My heart bleeds for him. So because he had to tighten his diamond studded golden belt, I can’t take my family to Disney because I can’t afford it anymore! Yeah, that sounds fair to me!
Does that mean I should ask my boss for a double increase for my 2022 salary? Bob Chapek World! I sure miss Walt Disney World! I think going forward everyone who does visit should have a T-Shirt made that says “ Walt Disney World – Out! Bob Chapek World – In!
As a DVC Member since 1997, it is disappointing how many Member Benefits have been taken away. Currently their are no Annual Passes available to buy and use, theirs no Meal Plans, and because not all the hotels and DVC resorts are not open yet, it’s very difficult to schedule s reservations.
However, our Annual Dues increased $650+ for 2022.!!!
Bob Chapek is not playing fair. Did the Disney employee’s get this kind of raise.
Very Disappointed with Disney/DVC..