Bob is the right leader at the right time for The Walt Disney Company, and the Board has full confidence in him and his leadership team." It also is worth noting this announcement comes one week after Abigail Disney, the grand-niece of Walt Disney himself who has become one of the company's most vocal critics, was reportedly attempting to organize a shareholder challenge of Chapek's $32.5 million pay at the company's next shareholder meeting, causing further embarrassment for Chapek. With morale at the company low due to the firing of Rice and Pixar employees still feeling the sting of their direct-to-Disney+ releases, the board's decision to extend Chapek's contract will likely leave many scratching their heads.