What is Bob Chapek's net worth? Ex-Disney CEO to get richer as he walks out with $23M exit package
BURBANK, CALIFORNIA: The Walt Disney Company announced that they were letting go of Bob Chapek as the CEO of Disney and bringing back the veteran Bob Iger to replace him. Iger is expected to "set the strategic direction for renewed growth" as per the report and reset the tone of the company that has been financially struggling since Chapek made certain rash decisions. However, the former CEO is not going empty-handed.
Bob Iger had been the CEO of Disney for over 15 years and the company witnessed substantial growth under his wing. On the flip side, the Mouse House lost a full one-third of its value under his tenure as reported by Reuters. When Iger stepped down from the role in 2020, he received a whopping compensation of $45.9 million. Chapek, on the other hand, would be getting a $23 million exit package and it could be even more if share prices bounce back up after falling more than 40 percent over the past year. Under Chapek's management, the company pursued an aggressive campaign against Marvel star Scarlett Johansson, managed to ruin relations with Florida's Governor Ron DeSantis, and was in a constant public feud. Ever since the 71-year-old returned, the share price rose to $97.58, up 6.3%, which is what the fan call bringing the magic back.
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What is Bob Chapek's net worth?
As per Landscape Insight, Chapek has a comfortable net worth of $5.03 million, and about 3,556 shares of common stock of The Walt Disney Company were held by him. As per the outlet, he received a salary of $3,122,027 in total pay from the Walt Disney Company as its CEO and director. Chapek had quite the journey with the company as he first worked in the Home Entertainment division for 26 years, then the Chairman of Parks & Resorts, and later became the Chief Executive Officer.
Internet reacts to Chapek's $23M exit package
One user wrote, "Chapek will exit his perch atop Disney an even richer man. His severance package is reportedly worth more than $23 million." Another user trolled Chapek and Disney for amount saying, "$20 million for screwing up everything all the time? I could have screwed everything up for 3/4 the price" One more user tweeted, "So Roughly 70 million over the last 2 plus years to Damn near ruin the Company"
Chapek will exit his perch atop Disney an even richer man. His severance package is reportedly worth more than $23 million.
— DisneyDirect2U (@DisneyDirect2U) November 21, 2022
$20 million for screwing up everything all the time? I could have screwed everything up for 3/4 the price!
— Benglesmith (@Benglesmith) November 21, 2022
So Roughly 70 million over the last 2 plus years to Damn near ruin the Company
— Mike Hobbs (@mah1687) November 21, 2022
One disappointed user wrote, "So in two and a half years he has seen somewhere around 50 million plus in bonuses? But can’t give CM’s a 5 dollars raise over 5 years." Another user tweeted, "Now that’s the life, not perform as a leader and get a 20 million severance package. Excellent retirement plan." One more trolled Chapek and wrote, "I may mail him 10 dollars for leaving"
So in two and a half years he has seen somewhere around 50 million plus in bonuses? But can’t give CM’s a 5 dollars raise over 5 years.
— Hokie Fireman (@FiremanHokie) November 21, 2022
Now that’s the life, not perform as a leader and get a 20 million severance package. Excellent retirement plan.
— MKT (@MktJjturnerlife) November 21, 2022
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