Disney revealed cash severance payments totaling $4 million due to Geoff Morrell, former SVP and head of corporate affairs, whom the media company fired in April 2022 after less than four month following a series of PR debacles.
with Chapek’s termination, Iger’s appointment as interim CEO and activist investor Nelson Peltz’s attempt to join the company’s board.
For Disney’s fiscal year ended Oct. 1, 2022, Chapek’s compensation package included his base salary of $2.5 million; $10.8 million in stock grants; $3.75 million in stock options; a $6.75 million cash bonus; $282,762 for personal air travel; and $53,820 in other compensation. after less than four month following a series of PR debacles. Morell was not entitled to termination payments during fiscal 2022 but if he meets the terms of his post-employment consulting agreement he is entitled to $2.5 million in remaining base salary through the end of his original employment agreement and $1.5 million equivalent to a target bonus for fiscal 2022, per Disney’s filing.
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