Former CEO of The Walt Disney Company Bob Chapek Severance Deal Valued at More Than $20 Million

According to The Hollywood Reporter, Bob Chapek’s Disney severance deal information was released after being let go last year.

What's Happening:

  • Former CEO of The Walt Disney Co. Bob Chapek earned $24.2 million in total compensation during the company’s fiscal 2022 year, which was slightly down from 2021.
  • Disney has revealed that Chapek should receive a severance package valued at $20.4 million, although the exact number will depend on Disney's share price over time.
  • Chapek was terminated after Disney's last fiscal year ended. The severance package included Disney stock, which is valued at $12.6 million, as well as the rest in cash.
  • Back in 2021, when current Disney CEO Bob Iger stepped down from the company, he earned $15 million in compensation during Disney’s last fiscal year.
  • When Iger came back to Disney in November, there was a pay package valued at $27 million in annual target compensation, including a $1 million salary, a $1 million target bonus, and the rest in equity.
  • Chapek made $32 million in fiscal 2021, and Iger received $46 million.