I am not Bob Chapek, but rather a secret plant by Bob Chapek to the DIS boards to be his apologist.
Let's look at some facts as a matter of fairness.
Bob Chapek has a contract through February 2023, per my understanding of industry media reports (i.e. Deadline & CNBC). Bob Chapek's contract purportedly calls for compensation in certain forms, including, without limitation, salary, bonus, stock, and incentive plans. It is a fact his 2021 compensation increased over 2020. And it is a fact that Bob Chapek (and Bob Iger) took
voluntary salary reductions 2020.
So Bob Chapek's compensation increased, but that's partly due to the fact that he
voluntarily reduced his salary from the year prior and it is due to the fact that his contract has clauses that would increase pay for meeting certain financial benchmarks. But it is misleading to say that Disney increased Bob Chapek's compensation when his total compensation was negotiated years ago as part of a multi-year contract and contingent upon Disney meeting certain financial benchmarks.
I'm not saying that the contract Disney negotiated and agreed along with Bob Chapek is a good contract or a reasonable contract or (because I'm an apologist) even a bargain contract. I'm just saying that is the contract for better or worse.
Exit question: Doesn't Bob Iger (and even Josh D'Amaro) have some measure of responsibility with the what's happening with Disney parks, the guest experience, the whole Disney experience becoming less magical for guests over the years? Bob I. and Josh D. seem to get a free pass by a lot of Disney fans. I guess it's lonely being at the top like Bob Chapek.
Sincerely, Bob C.'s apologist