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Disney heir calls Bob Bob's $ 65 million salary package “crazy”

Last year, Walt Disney Co., Chief Executive Bob Iger, made $ 65.6 million – about 1,424 times the median Disney employee's salary, an amount the heir Abigail Disney calls the "crazy". Disney, a philanthropist and filmmaker whose grandfather, Roy Disney, co-founded the entertainment giant, spoke against income inequality at a Fast Company event Friday and repeated his thoughts on Sunday on Twitter and said the company is making so much money that it have no excuse not to give their lowest paid employees significant pay increases, as opposed to a minimum wage of $ 15 or a one-time bonus. "We all know the Federal Minimum is too low to live on. So why do we, at a company that is more profitable than ever before, pay something as close as possible to the law?" Abigail Disney, on Twitter "When [Iger] got their bonus last year, I did math and I figured he had personally received a 1 5% raise to anyone working at Disneyland and still lost $ 10 million," she said Friday. Fast Company. "So there's a point where just too much to go around the top of the system in this class of people who – I'm sorry this is radical – has too much money. There is such a thing." Disney is a member of patriotic millionaires, a group of Americans with high nights advocating higher taxes for the rich and equal political representation. Disney said she didn't mind Iger and said he "led the company brilliantly,"…

Last year, Walt Disney Co., Chief Executive Bob Iger, made $ 65.6 million – about 1,424 times the median Disney employee’s salary, an amount the heir Abigail Disney calls the “crazy”.

Disney, a philanthropist and filmmaker whose grandfather, Roy Disney, co-founded the entertainment giant, spoke against income inequality at a Fast Company event Friday and repeated his thoughts on Sunday on Twitter and said the company is making so much money that it have no excuse not to give their lowest paid employees significant pay increases, as opposed to a minimum wage of $ 15 or a one-time bonus.

“We all know the Federal Minimum is too low to live on. So why do we, at a company that is more profitable than ever before, pay something as close as possible to the law?”


Abigail Disney, on Twitter

“When [Iger] got their bonus last year, I did math and I figured he had personally received a 1

5% raise to anyone working at Disneyland and still lost $ 10 million,” she said Friday. Fast Company. “So there’s a point where just too much to go around the top of the system in this class of people who – I’m sorry this is radical – has too much money. There is such a thing.”

Disney is a member of patriotic millionaires, a group of Americans with high nights advocating higher taxes for the rich and equal political representation.

Disney said she didn’t mind Iger and said he “led the company brilliantly,” but claimed that a pay cut for him – and other convinced executives – would hardly be noticed.

“What difference would it make to the quality of life for those who gave up half of their bonuses? None. Zero. Maybe they can’t afford a third home. Or another boat. I’m not facetically here. the kind of victim we would talk about for high-level executions, “she said in a tweet .

However, the redistribution of the money to workers would have great and immediate effect, she asserted.

“Whoever contributes to the success of a profitable business and who works full-time to do so should not get hungry, shouldn’t be raising insulin and shouldn’t have to sleep in a car,” she added ] refers to a Los Angeles Times report that three-quarters of Disney’s resort workers in Anaheim, California, say they can’t afford basic living expenses. She said that a significant wage increase would have “a DRAMATIC change in living conditions for people who have worked full time so far and yet [were] who live on or below the poverty line.”

In an e-mail statement, a Walt Disney Co. spokesman said the company offers a starting minimum of $ 15 per hour as well as free training opportunities for hourly workers and noted that Iger’s compensation is 90% performance-based and “he has delivered exceptional value to shareholders. “

But Abigail Disney is not the only one who thinks Iger is making too much money. In March, the company lowered $ 13.5 million from Iker’s potential future profit after the shareholders withdrew from his remuneration, and in December, the company raised benchmarks that he had to hit to earn a $ 100 million equity contribution in 2021.

Disney shares

DIS, -0.58%

is up 20% so far to date compared to 13.6% profit for the Dow Jones Industrial Average

DJIA, -0.18%

of which it is a component.

Here is the Twitter thread in Abigail Disney’s comments:

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