- Bob Chapek was ousted from his role as Disney CEO over the weekend after a bumpy tenure.
- He will be replaced by Bob Iger, who ran the House of Mouse for 15 years.
- But Chapek won’t leave empty handed. He’s walking away with at least $23 million, Bloomberg reports.
Bob Chapek, Disney’s outgoing CEO, left the top spot at the company over the weekend after less than three years, but he won’t be walking away empty handed.
Chapek will likely leave with at least $23.4 million, according to Bloomberg News.
That paycheck includes the remainder of his salary as CEO, which adds up to about $6.5 million, according to Bloomberg. In June, his contract was extended for three years, and he’s entitled to his salary, even if removed as CEO.
The remaining $16.9 million comes from the pension that he’s amassed during his near 30-year career at Disney, according to Bloomberg. The figure comes from a October 2021 filing and could be even higher today.
None of this accounts for the stock options Chapek has accumulated throughout his career, nor any money he’s put into his retirement plan.
Most of his options are currently worth nothing on paper, given Disney’s low stock price — it’s fallen 36% year-to-date — but could become valuable if the price rises.
Last year, Chapek’s nonqualified deferred compensation plan — a retirement plan for the most highly compensated employees — had $8.5 million in it, according to Bloomberg, but that was before the market tanked.
This can all change, depending on the exit deal that Chapek struck with the Disney board.
Chapek will be replaced by Bob Iger, who led the company from 2015 to 2020 and handpicked Chapek as his successor.
Compared to Chapek, Iger is likely an expensive hire. Before his 2020 departure, he was routinely the highest-paid CEO in Hollywood. In 2019, he earned a $3 million salary, plus a $21.8 million bonus. On top of that, he took home $10 million worth of stock awards and $9.6 million worth of stock options.
Disney did not immediately reply to a request for comment, and new financial filings have not yet been released.
Read the original article on Business Insider
30+ early Cyber Monday household deals on Amazon: Cleaning, grocery, office & more – Yahoo Canada Shine On
While the online retailer boasts massive savings on a variety of everyday essentials, which you can check out here, Yahoo Canada has selected the very best deals across home, personal care, cleaning, grocery and home office.
Black Friday is over, but the Cyber Weekend deals are still going strong! Click here for all the latest updates on early Cyber Monday deals, sales and discounts.
Read on to shop 30+ everyday deals from Amazon.
Best Amazon Canada early Cyber Monday household deals
Best Amazon Canada early Cyber Monday personal care deals
Best Amazon Canada early Cyber Monday cleaning deals
Best Amazon Canada early Cyber Monday grocery deals
Best Amazon Canada early Cyber Monday home office deals
Originally published November 26, 2022, 5:53 p.m.
Black Friday is over, but you can already shop Amazon Canada’s Cyber Monday deals
It’s the ideal time to take advantage of huge savings on household essentials like coffee and batteries, as well as splurge on new tech upgrades or holiday gift ideas.
Many of these discounts are time-limited, so scroll through for a selection of this year’s best extended Black Friday deals from Amazon Canada.
Best Amazon Canada early Cyber Monday deals
Best Amazon Canada early Cyber Monday tech deals
Best Amazon Canada early Cyber Monday kitchen deals
Best Amazon Canada early Cyber Monday household essentials deals
Best Amazon Canada early Cyber Monday home deals
Best Amazon Canada early Cyber Monday toys & games deals
Best Amazon Canada Black Friday health & beauty deals
Best Amazon Canada Black Friday fashion deals
Cha-Ching! Shopify Merchants Break Black Friday Records with $3.36 Billion in Sales
As a global provider of essential internet infrastructure for commerce, Shopify announced a record-setting Black Friday with sales of $3.36* billion from the start of Black Friday in New Zealand through the end of Black Friday in California. This marks a 17% increase in sales over Black Friday in 2021 (19% on a constant currency basis).
At its peak, merchants on Shopify saw sales of $3.5 million per minute at 12:01 PM EST on Black Friday, collectively.
“Black Friday Cyber Monday has grown into a full-on shopping season. The weekend that started it all is still one of the biggest commerce events of the year, and our merchants have broken Black Friday sales records again,” said Harley Finkelstein, President of Shopify. “Our merchants have built beloved brands with loyal communities that support them. This weekend, we’re celebrating the incredible power of entrepreneurship on a global stage.”
2022 Black Friday Global Highlights
- Peak sales per minute: $3.5 million USD on Black Friday at 12:01 PM EST
- Top selling countries and cities where shoppers made purchases from: United States, United Kingdom and Canada, with the top-selling cities on Black Friday including London, New York, and Los Angeles
- Top product categories: Apparel & accessories, followed by health & beauty, and home & garden, with trending products including Snocks GmbH (Boxershorts), rhode (peptide glazing fluid), and Brooklinen (Luxe Core Sheet Set)**
- Average cart price: $102.31 USD or $105.10 USD on a constant currency basis
- 15%: Cross-border orders worldwide on Black Friday as a percentage of total orders
- 27%: Growth in POS sales made by Shopify merchants globally over last year’s Black Friday
Visit datastories.shopify.com to view Shopify’s annual Black Friday Cyber Monday Live Globe, which captures the impact Shopify-powered stores have across the globe.
*Shopify’s 2022 Black Friday data is based on sales by Shopify merchants around the world from November 24th 11:00 UTC to November 26th 8:00 UTC.
**Shopify’s Black Friday/Cyber Monday Shopping Index is a proprietary index that provides a unique look at what’s trending during this busy shopping season based on orders, products added-to-cart, and pageviews across Shopify’s merchants.
All data presented here (including worldwide sales) is approximate and is based on various assumptions. All data is unaudited and is subject to adjustment. All financial figures are in USD. Data represents online and offline sales made by Shopify’s global merchants.
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