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Walt Disney tweaked Robert Iger’s compensation package, removing $13.5 million in potential salary and incentive awards available for the CEO after the company closes its acquisition of 21st Century Fox assets.
Read the memo Disney CEO Bob Iger sent to employees after closing the $71 billion Fox deal cnbc.com Disney CEO Bob Iger said there will be challenges ahead as the two companies integrate following the $71 billion deal’s close.
Many expect layoffs in the thousands to eliminate duplicate staff between Disney and Fox.
Disney stands to gain key content for its upcoming streaming service through the acquisition.