• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
FinanceDisney

Disney exec paid equivalent of $3.4 million a month for brief 3-month stint has already landed a new job

Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
January 24, 2023, 8:25 AM ET
Former Disney executive Geoff Morrell
Morrell left Disney to pursue "other opportunities" after a bumpy few months at the conglomerate.Tom Williams/CQ Roll Call - Getty Images

A former Disney boss is set to receive more than $10 million in compensation after working at the company for just three months.

Geoff Morrell officially took over as Disney’s chief corporate affairs officer on Jan. 24, 2022, and was on the payroll at Disney for five months—though he was only present for three. He announced his departure in April to “pursue other opportunities,” but his last day on the payroll was technically June 30.

During his time heading up Disney’s public relations and government affairs team, he received $8.3 million in salary and bonuses, according to the Wall Street Journal.

That amount includes the figure the company paid for Morrell’s relocation costs from London—$537,438—as well as a further half million dollars to relocate his family again after Morrell chose to leave. The company said this was to “account for his unique circumstances.”

And there’s more money for Morrell down the line, as Disney plans to pay out the rest of his contact through the 2022 fiscal year, which ends on Oct. 1.

That means he’ll receive a further $4 million for the remainder of his contract as well as a target-set bonus. That would bring his total to $12.3 million for just 12 weeks of work.

However, according to CNN, Morrell will lose out on around $2 million. A person at the company said the filing, first reported last week, didn’t take into account performance-based payments which were never vested given the Morrell’s length of tenure at Disney.

That still brings his total compensation package to around $10.3 million—more than $3 million a month.

There is a chance that Disney could cut that bill a bit—if it’s lucky. The company also bought Morrell’s home, which he bought for $4.5 million, and as such could make a profit on selling it—conversely, it may have to absorb any loss.

Tough times

Morrell left Disney after a tumultuous few months at the company that saw it embroiled in a row over Florida’s so-called “Don’t Say Gay” bill. Disney’s CEO at the time, Bob Chapek, faced backlash for not condemning the bill. When he finally did, the move began a feud with Florida Gov. Ron DeSantis, who launched a plan to take control of the governing board for Disney’s sprawling Florida property—and make the entertainment giant assume $700 million in outstanding debt.

Taryn Fenske, communications director for the governor, said at the time: “The corporate kingdom has come to an end. Under the proposed legislation, Disney will no longer control its own government, will live under the same laws as everyone else, will be responsible for their outstanding debts, and will pay their fair share of taxes.”

Chapek was terminated in November in a surprise move that saw the return of his predecessor, Bob Iger. The proxy filing says the board felt Chapek “was no longer the right person to serve in the CEO role,” noting “the significant developments and change in the broader macroeconomic environment over this period informed how the board viewed the appropriate leader in light of the rapidly evolving industry and market dynamics.”

The company revealed earlier this month the severance package it is required to pay its ousted CEO amounts to roughly $20 million—in addition to the $24 million Chapek earned last year in salary, options, and awards.

Where is Geoff Morrell working now?

It seems that Morrell has already moved on to a new role, having been announced as president of global strategy and communications for global CEO advisory firm Teneo on Jan. 4. In the newly created role, Morrell will “serve as an advisor to Teneo’s clients while also helping further enhance and expand the firm’s service offerings and drive the continued growth of the business around the world.”

On his move to the new role, the former BP communications boss said: “I am delighted to be starting the next chapter of my career with Teneo and look forward to working with Paul [Keary, CEO] and the firm’s tremendously talented team.

“Over the course of my career, I have moved from journalism to government to big corporations, and now I am thrilled to be joining and helping to lead one of the world’s top consulting firms. I am excited to bring my experience and learnings to help CEOs navigate today’s complex world—whether it be reputational challenges, regulatory hurdles, business issues or geopolitical risk. Teneo has best in class talent on staff to help provide holistic solutions to global companies. The firm’s integrated service offer is unlike any in the industry, and I look forward to helping more companies benefit from it.”

Keary added that Morrell, a former ABC News White House correspondent, will help Teneo’s “continuous drive to deliver the highest level of advice and insight to our firm’s clients around the world. Few in our industry have had more experience and success navigating the intersection of media, government and business as Geoff.

“He is truly one of the leading strategic communications and public affairs professionals in the world and when he became available we were determined to add him to our team. As CEOs and their teams manage engagement with a wide range of stakeholders, having an advisor like Geoff, who brings with him the broad, integrated services of Teneo, will be critical to helping them navigate today’s demanding business environment.”

Morrell and Teneo did not immediately respond to requests for comment.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Author
Eleanor Pringle
By Eleanor PringleSenior Reporter, Economics and Markets
LinkedIn icon

Eleanor Pringle is an award-winning senior reporter at Fortune covering news, the economy, and personal finance. Eleanor previously worked as a business correspondent and news editor in regional news in the U.K. She completed her journalism training with the Press Association after earning a degree from the University of East Anglia.

See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Oil drops as U.S. says deal with Iran and Hormuz reopening is near
EnergyOil
Oil drops as U.S. says deal with Iran and Hormuz reopening is near
By Nicholas Lua and BloombergMay 24, 2026
4 hours ago
Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as alternate GDP gauge shows huge contraction
EconomyRussia
Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as alternate GDP gauge shows huge contraction
By Jason MaMay 24, 2026
5 hours ago
Alaska’s oil revival sparks a new energy rush Into the Arctic
EnergyOil
Alaska’s oil revival sparks a new energy rush Into the Arctic
By Jennifer A. Dlouhy and BloombergMay 24, 2026
6 hours ago
SpaceX stock is about to join this growing constellation of public companies building a space-based economy
Investingspace
SpaceX stock is about to join this growing constellation of public companies building a space-based economy
By Jason MaMay 24, 2026
7 hours ago
f
Energyfraud
Nonprofit fraud isn’t surging. Enforcement is
By Sarah Webber and The ConversationMay 24, 2026
12 hours ago
w
Personal FinanceWhite House
From Hobbes to the 14th amendment: the ancient and modern cases against Trump’s $1.8 billion fund
By Austin Sarat and The ConversationMay 24, 2026
12 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
3 days ago
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
Lifestyle
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
By Sasha RogelbergMay 24, 2026
15 hours ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
2 days ago
Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail
Real Estate
Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail
By Sydney LakeMay 24, 2026
16 hours ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
2 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
5 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.