Disney Chairman Bob Iger to forgo salary amid virus crisis

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FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid

(Reuters) – Walt Disney Inc (DIS.N) Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut amid the coronavirus crisis, according to an internal email from Chapek.

Disney will reduce the salaries of its vice presidents by 20%, senior vice presidents by 25%, and executive vice presidents and above by 30%

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