Disney has, for the most part, behaved responsibly in the face of the unprecedented crisis that is the COVID-19 outbreak, first and foremost with the indefinite closure of its parks, which constitute a huge amount of yearly revenue for the company. In a commendable move on the company’s part, the castmembers of the parks will continue to receive regular pay until April 18.
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While the parks’ closure means all the subtle secrets hidden in those Disney parks will have to be searched online, it is unquestionably for the best. In addition, several executives at Disney have taken cuts to their considerable salaries for the duration of the COVID-19 outbreak, including Executive Chairman Bob Iger foregoing pay entirely and new CEO Bob Chapek taking a cut of 50% to his base salary at least. Other executives will receive less extreme, but still substantial cuts in pay.
This is not unprecedented, as Nintendo did the same when times got tough. It is a commendable action however, as those who steer the company take responsibility when the company loses money and productivity, even if it is due to forces beyond their control.
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Source: IGN
