Disney paid Bob Iger $10 Million Dollars to Advise Bob Chapek

Disney paid Bob Iger $10 Million Dollars to Advise Bob Chapek

A recent report shows that Disney was paying Bob Iger $10 Million Dollars in consulting fees to advise Bob Chapek during Iger’s retirement as Disney CEO.

A new regulatory filing from 2021 showed Iger was a recipient of installments of $500,000, starting in 2021.  Also, Disney paid for Iger’s security, which came to nearly $750,000.

Related – Bob Chapek Confidante and Speechwriter Arthur Bochner Next to Exit Disney

In the report, it states that Iger was to advise ‘on such matters as his successor Bob Chapek may request from time to time.’

The consulting agreement was to run for five years and during that time Bob Chapek would have access to Iger’s unique skills, knowledge and experience with regard to the media and entertainment business.

While an agreement was in place between The Walt Disney Company and Bob Iger, Mr. Chapek rarely sought out Iger’s guidance.

Related – Bob Iger Hosting Town Hall Meeting with Cast Members over the Company’s Future

The agreement was made during a time when Bob Iger disagreed with the decisions that Bob Chapek was making for the Walt Disney Company.

Many of the issues between the two happened when Bob Chapek started raising prices at the Disney Theme Parks and created the Park Pass Reservation System. Chapek argued that it would boost revenue and limit overcrowding. Bob Iger also felt that Chapek was too responsive to changes in Disney’s share price, and Iger was alarmed by increases in prices at Disney theme parks.

“He’s killing the soul of the company,” Mr. Iger told more than one confidant.

The regulatory filing showed Chapek, who was named as CEO in February 2020, was paid $32.5 million in 2021. According to Bloomberg, Chapek could walk away from the Walt Disney Company with over $23 million dollars. 

Bob Iger has agreed to serve as Disney CEO until 2024. Since returning we have seen many key executives leave the Walt Disney Company. The most recent are Bob Chapek Confidante and Speechwriter Arthur Bochner, and Kareem Daniel, Chairman of Disney Media and Entertainment Distribution.

Source

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Who is your Travel Agent?(Required)

Let us pick for youEric HilesStacy ReedAbbey JohnsonAlisa SullivanAlli WillisAmanda FolsomAmanda VannAmber BrillhartAmber FisherAmy SieburnAndrea SmithAngela AndersonAngie BaycuraAnna PetrilliAnnabelle DuboseApril StefanskiAshley RamseyBeth ParsonsBetsy SantoroBrandie McQueenBrian BuckleyBridget HatchBryan SchwartzCandice SneedCarrie ButlerCarson DockumCasey BoltCharleen HortonChelsea RoyChelsea WuebkerChris BoyerChristie GrubeChristina FratturaChristina SmithCourtney WhiteCraig YoderDan MercedDanielle NorcrossDarby MouritsenDavid ForrestDeborah AlvaradoEmilee BiegelEmily MorrisFaith HakesGail HatchGreg MatzkerHelen HummerHolly CurryJackie CavistonJaclyn PepitoneJamie SwansonJeanine JordanJeff CallahanJenni MaierJennifer BrownJennifer StephensonJennifer StoessnerJessica HatfieldJessica HuffJessica WunderJoe GuertinJon CarpentierJoseph SliwaJulie McCombJustin BrownKat AttridgeKathryn EberhartKathy AndersonKatie HarrellKatie PrevotKayla CookKelsey SullensKim HelmsKimberly HutchinsonKristi GallagherKyle RamsdenLauren DewlenLeanne MonterLinda DurhamLindsay AckermannLindsey VromanLissette BritoLori HardyMallory MorrisonMandi QuinnMaranda PerkinsMarisa AlvaradoMegan TeismannMeghan BlairMelissa ReedMichele KlineMike BeyerMissy McCormickMisty DickersonNancy CasteelNicole ThorntonPatrick O'ConnorPaul SulPeyton Ward-KubikRaylene CooganRegan OstranderRobbie BulusRobert ThomasSara SolbergSarah McCandlishShanna BrowningShelley BennettShelly MetzStacy CristStacy KrzyminskiStacy SmithStephanie DraganoStephanie FerencStephanie WalshSusannah McCordTara SlusserTerri MillerTiffany DobraskiTiffany DrenkhahnTina FarmerTonya LesiukTracy DaneTroy DuncanVeronica RenteriaVicki FesslerWendy CarllWendy HauserWendy KellehanWendy Shelley

Name(Required)

First Last

Email(Required)

Phone(Required)

Destination(Required)

Walt Disney WorldDisneyland ResortDisney Cruise LineAulani, A Disney Resort and SpaAulani, A Disney Resort and SpaUniversal FloridaUniversal HollywoodRoyal Caribbean, Carnival, Norwegian or other Cruise LineI don't know yet

# of Adults(Required)

# of Children(Required)

Check-in-Date(Required)

MM slash DD slash YYYY

Check-out-Date(Required)

MM slash DD slash YYYY

Comments, Questions or Special Requests

Name

This field is for validation purposes and should be left unchanged.

Δ

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!