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Senior Disney Executives Take Pay Reduction, Bob Iger Forgoes Salary
- April 5, 2020
Bob Chapek, Chief Executive Office for The Walt Disney Company, announced today they will implement pay reductions for senior Disney executives beginning Sunday, April 5, 2020. Pay cuts will begin at the Vice President level and up. Vice Presidents will see a 20% reduction in pay, Senior Vice Presidents by 25%, and Executive Vice Presidents
READ MOREBuena Vista Construction Company Lays Off Workers, New Projects Delayed Or In Jeopardy
- April 5, 2020
In recent weeks, due to the worldwide COVID-19 pandemic, The Walt Disney Company has made numerous changes to their operations including the temporary closing of Walt Disney Parks worldwide and salary reductions for senior Disney management. Additionally, Disney has said that it would continue to pay its Cast Members until at least April 18. However,
READ MOREThe Walt Disney Company Purchases More Land Around Walt Disney World
- April 5, 2020
Throughout the years The Walt Disney Company has purchased land in and around The Walt Disney World Resort in Florida. There are various reason for this including continuing to build a buffer around the resort, but in most cases it is used for conservation purposes to offset land Disney designates for development. This has been
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Disney Parks Donates Supplies to MedShare For Distribution to Hospitals and Medical Professionals
- April 5, 2020
Even though Disney Parks worldwide are still closed indefinitely they are continually looking for ways to make a difference for those in need. According to the Disney Parks Blog, The Walt Disney Company has donated, based on requests from hospitals that are in need of additional protective garments and medical-related supplies, 150,000 rain ponchos to MedShare,
READ MOREPresident of the Walt Disney World Resort Josh D’Amaro Shares Video of Flag Raising Ceremony
- April 5, 2020
Although The Walt Disney World Resort in Florida is temporarily closed due to the current global pandemic, the American flag still flies high and proud every day at the Magic Kingdom. Josh D’Amaro, who was recently named President of The Walt Disney World Resort, shared a video on his Instagram account of the daily ceremony.
READ MOREThe Walt Disney Company to Furlough Non-Essential Cast Members Starting April 19
- April 5, 2020
As the COVID-19 pandemic continued to spread across the globe, The Walt Disney Company announced the closing of Disney Parks worldwide on March 15 with the anticipation of reopening April 1. As the situation continued to deteriorate, Disney announced they would continue to pay, with full benefits, its Cast Members through April 18 with the
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