Disney CEO Bob Chapek is on the move. No, he’s not leaving Disney (we can dream, right?). Chapek has purchased a $12.5 million mansion in Westlake Village, California. The home, built in 2013, sits on just over 6 acres of land.
According to real estate site dirt.com, Chapek’s new home has six bedrooms and 6.5 bathrooms in its 9,895 square foot layout. The purchase is the area’s largest real estate deal since July 2019. The gated community is home to other celebrities, including WWE wrestler The Miz, Heather Locklear, and NFL wide receiver Cooper Kupp.
Westlake Village is located an hour’s drive northwest of Los Angeles. This isn’t much of move for Chapek and his wife Cindy; they have lived in the community since 2019. The Chapeks purchased their current home for $3.5 million. That house is now on the market, listed at $7.495 million.
The Chapeks will also need to pay $650 per month in homeowner’s association dues and golf course maintenance fees.
Bob Chapek was named Disney CEO in February 2020, just one month before the global pandemic impacted Disney operations around the world. Despite the challenges, Walt Disney Company stock reached an all-time high in early March 2021.
Featured Image: Weichert
But can’t afford to bring back the employees they laid off.
That’s why the theme parks (with the exception of Tokyo Disneyland & DisneySea) are in bad shape with the addition of over 32,000 cast members fired, so Bob Cheapskate can buy another mansion.
It is not any of our business what other people do with their money. That being said, the optics look bad when he is making a move like this while so many of his employees dont have a job still. But then again I guess he would have to care about what other people thought first and a lot of the changes company wide lately are made for a certain group that might not be the majority of the company’s actual customers. 🙄
Couldn’t have said it better, Doug! 100% agree.
While cast members struggle just to survive and make it month to month.
Bob Paycheck is a horrible ceo for Disney. Just as bad mike Eisner. Greedy and only cares about himself ….. this is the worst time to buy something like that while YOU, Bobby , fired so many loyal cast members. This guy is a complete clown and Disney really needs to re-evaluate their move on this guy and remove him ASAP. The liberal agenda is way outta control within. The company as well…… MORON!!!
I totally agree. Optics are bad and cast members still out of work, etc. It’s American capitalism run amok: as long as the stock price is good and shareholders get their money, who gives a fig about the employees who make the whole enterprise possible?
Katie I am a shareholder and I have not gotten a dividend check for July 2020 nor one for January 2921. They have forgone dividend checks. So don’t give me this crap about stockholders getting their money.
Disgusting. Meanwhile, 30,000 WDW employees are STILL out of work.
I understand that the man has the right to buy a new home – but in the eye of the public – what about laid off employees, entertainment, and park construction completion?????????
Bet this makes the 28k employees he laid off feel good
Do you think he’ll invite any to a housewarming party. Not likely.
While employees have definitely gotten the short end of the stick, $12.5 million is pocket change when you look at the full value of Chapek’s compensation. It’s like the rest of us going out and buying a tank of gas. And regular shareholders have little say and have gotten little compensation in the past and none in 2020 (so far none in 2021, either). Not the case for the Directors.
Well, at least that’s one CM who’s getting paid well. And smart too — selling his home for twice he paid for.