A month and a half after being named Bob Iger's successor, Disney CEO Bob Chapek has been elected to the firm's board of directors, the conglomerate said Wednesday. Chapek will not be joining any board committees for now.
30.03.2020 - 20:21 / justjared.com
Bob Iger will be forgoing his entire salary amid this worldwide health crisis.
The Walt Disney Co. announced that the 69-year-old executive chairman will no longer be paid during the current situation, and recently named CEO Bob Chapek will be taking a 50% pay cut, according an email from the CEO obtained by The Hollywood Reporter.
Other top Disney executives will also be taking salary cuts during this difficult time.
“As we navigate through these uncharted waters, we’re asking much of you and,
A month and a half after being named Bob Iger's successor, Disney CEO Bob Chapek has been elected to the firm's board of directors, the conglomerate said Wednesday. Chapek will not be joining any board committees for now.
By Elaine Low
By Jill Goldsmith
By Jill Goldsmith
A month after suspending all tours amid the novel coronavirus pandemic, Live Nation's CEO will be forgoing his annual base salary and other executives will be taking pay cuts, the events promoter disclosed. Additionally, the company has amended its credit agreement to get access to up to an additional $120 million to $150 million as the concert industry has shuttered across the globe.
By Jill Goldsmith
Cast & Crew, the entertainment industry's ubiquitous payroll, accounting and human resources software brand, is following other companies' leads in implementing furloughs and pay cuts amid the coronavirus outbreak. The company, which also offers workflow and productivity software, on Thursday announced that it would furlough "a significant percentage" of its workforce and reduce hours for remaining employees.
By Nellie Andreeva
Selena Gomez is making a major donation to Cedars-Sinai.
The global crisis surrounding the Coronavirus is making a strong impact on the sports world. With the majority of matches and games placed on hold until further notice, several sport institutions have suffered a decrease in incomes, putting their economic situation at risk. For this reason, two of the world's most famous soccer players, Cristiano Ronaldo and Lionel Messi, have accepted a noteworthy reduction in their salaries.
To avoid layoffs during the coronavirus crisis, the world's biggest radio company, iHeartMedia, will furlough an unspecified number of employees for 90 days, Billboard has confirmed. As well, chairman and CEO Bob Pittman will forgo his remaining 2020 salary and the senior management team will take 30–70% cuts in 2020 compensation.
Executive chairman Robert Iger will forgo his entire salary amid the ongoing coronavirus crisis.
By Jill Goldsmith
Disney has joined the list of companies implementing sizable pay cuts for senior executives amid the upheaval caused by the coronavirus crisis.
Disney has joined the list of companies implementing sizable pay cuts for senior executives amid the upheaval caused by the coronavirus crisis.
The 2020 Tony Awards have been postponed due to the ongoing world health crisis.
UTA CEO Jeremy Zimmer and co-presidents David Kramer and Jay Sures have instituted companywide pay cuts to weather the coronavirus pandemic -- starting with themselves. The trio will forgo the remainder of their 2020 pay from now through the end of the year, and the rest of the staff will see proportionate