Disney heiress: CEO Mouse $crap
Abigail Disney, the Mouse House heiressturned-vocal critic, is reportedly attempting to organize a shareholder challenge of embattled Disney boss Bob Chapek’s $32.5 million annual pay.
Disney, who has pegged her personal net worth at $120 million, has been “quietly courting” institutional investors to challenge Chapek’s compensation at the company’s next shareholder meeting, The Wrap reported, citing multiple sources familiar with the matter.
The proxy push could mark another embarrassment for Chapek, who has been under fire following a series of missteps at the entertainment giant.
The 62-year-old heiress has reportedly held at least three meetings in an effort to build support for the move, through which participants would reject or potentially seek to claw back some of Chapek’s pay.
One unnamed institutional investor approached by Disney reportedly described their meeting as a “very informal discussion that was very serious,” while another investor told The Wrap that the discussion was preliminary in nature.
Both a Disney company spokesperson and Abigail Disney declined The Wrap’s request for comment. Disney and Abigail Disney’s production company, Fork Films, didn’t respond to The Post’s request for comment.
Chapek has faced intense criticism over the response to Florida’s socalled “Don’t Say Gay” bill. One former Disney executive reportedly said the company’s leadership “managed to piss off both the left and the right” by flip-flopping.
More recently, Chapek shocked the entertainment world by firing Disney’s well-regarded TV content executive, Peter Rice, a move that reportedly led to “terrible” morale at the Mouse House.
Disney’s stock has also struggled, sinking 40% during a broader downturn in the market since January and about 46% over the past 12 months.