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Abigail Disney urges the company to give 50% of exec bonus to the lowest paid employees

Just days after paying Disney's highest brass "crazy", the grandson of company founder Roy Disney wrote an opinion post in the Washington Post, admitting she "hit a nerve with a Twitter thread on wage inequality at Walt Disney Co "" I think Disney could lead the way, if its leaders so chose, to a more decent, humane way of doing business, "she wrote on a published Tuesday. She suggests that the company adds half of the bonuses its managers earn, dividing it to the bottom 10% of Disney's ( DIS ) 200,000 employees.According to a legislative application, six of Disney's top executives, including CEO Bob Iger, received stock awards and options totaling $ 62 million last year. It does not include the extra bonuses &#821 1; and possibly millions more – earned by lower media leaders and theme park conglomerates. "Alongside the pay levels we are talking about , an executive gives up half of his bonus has no effect on the quality of life, "she writes. "For the people at the bottom it can mean a ticket out of poverty or guilt. It can offer access to decent care or education for a child." Last weekend, Abigail Disney & # 39; s failed on Twitter if executive pay went viral. "With some objective action, a wage ratio is over a thousand insane," she said of Iker's salary package, which amounts to $ 66 million – 1,424 times that of the median wage of a Disney $ 46,127 employee. "There…

Just days after paying Disney’s highest brass “crazy”, the grandson of company founder Roy Disney wrote an opinion post in the Washington Post, admitting she “hit a nerve with a Twitter thread on wage inequality at Walt Disney Co “” I think Disney could lead the way, if its leaders so chose, to a more decent, humane way of doing business, “she wrote on a published Tuesday.

She suggests that the company adds half of the bonuses its managers earn, dividing it to the bottom 10% of Disney’s ( DIS ) 200,000 employees.

According to a legislative application, six of Disney’s top executives, including CEO Bob Iger, received stock awards and options totaling $ 62 million last year. It does not include the extra bonuses &#821

1; and possibly millions more – earned by lower media leaders and theme park conglomerates.

 Abigail Disney (left) and Disney CEO Bob Iger

“Alongside the pay levels we are talking about , an executive gives up half of his bonus has no effect on the quality of life, “she writes. “For the people at the bottom it can mean a ticket out of poverty or guilt. It can offer access to decent care or education for a child.”

Last weekend, Abigail Disney & # 39; s failed on Twitter if executive pay went viral.

“With some objective action, a wage ratio is over a thousand insane,” she said of Iker’s salary package, which amounts to $ 66 million – 1,424 times that of the median wage of a Disney $ 46,127 employee.

“There is a point where just too much to go around the top of the system in this class of people who – I’m sorry it’s radical – have too much money,” she said.

In the Washington Post, Abigail Disney repeated her criticism of the company’s salary for her lowest paid workers. The company says it pays over the federal minimum wage of $ 7.25 per hour. Workers at its Florida locations will make $ 15 an hour before 2021, while employees at Disneyland in California had increased their salary to $ 15 an hour at the beginning of the year. But Abigail Disney said it’s not enough.

“This argument fails to admit that the cost of living varies from place to place and few can do it, no matter where they live,” she wrote.

She also raised issues with the Republican led tax reform and said that large companies benefiting from the lower tax rate have added extra money to executive pay and share repurchase – and not to their employees.

“At a company that has never been more profitable, whose top executives drive home with seven and eight-digit paychecks and whose primary resource is the blessed, public-facing people who greet guests day after day, why are we still dancing a minimum wage? “, she added.

Abigail Disney wrote that while she thinks managers deserve bonuses, “those who contribute to success also deserve some of the profits they have helped to happen”.

The Disney company reported record profits in 2018.

“Here’s my suggestion for Walt Disney Co.’s leadership. Lead,” she concluded. “Reward all your workers fairly. Don’t turn away when they say they can’t make ends meet. You just don’t exist for the benefit of shareholders and managers.”

The company did not immediately respond to Abigail Disispen’s new published opinion section.

It replied to her first criticism, Monday says it has made “historic investments” in the workers’ wages and benefits, including education initiatives that allow hourly employees to get a college or vocational “totally free”.

The company has also previously defended Igers salary, which is said to be “90% performance-based”.

“He has delivered exceptional value to shareholders: Disney’s market value has increased exponentially over the past decade and increased by $ 75 billion. Only in the last month and stock price has increased to $ 132 per share from $ 24 per share when Mr. Iger became CEO of 2005, told a Disney spokesman for CNN Business.

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