Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

Today:

  • Disney's Iger won't take a salary, other executives take pay cuts
  • Virgin Orbit Designs Mass-Producible Ventilator for COVID-19 Patients
  • Coronavirus claims 342 new cases in Los Angeles County
  • Mattel using fabric made for Barbie to create face masks
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Bob Iger may be stepping down from his official role as CEO at The Walt Disney Co. but he vowed to Wall Street analysts that he won't relinquish his involvement in the media giant's evolving business efforts.

Iger helmed Disney for 15 years, pivoting from its focus on park operations and legacy media to tech investments and direct-to-consumer offerings. He now plans to stay on as executive chairman and continue to direct the company's "creative endeavors" while also leading its board through the end of his contract next year.

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Bob Iger is finally stepping down, sort of.

The Walt Disney Corp. shocked investors by announcing Iger is immediately relinquishing his CEO title and will be replaced by Bob Chapek, who most recently oversaw Disney's theme parks and consumer products divisions. Chapek is only the seventh CEO in Disney's nearly 100 year history.

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