Granddaughter of Roy Disney Speaks Out Against Bob Iger’s Salary
Abigail Disney, the granddaughter of Roy Disney is sounding off regarding income inequality among staff at The Walt Disney Company including CEO Bob Iger.
Check out her tweet here;
Let me very clear. I like Bob Iger. I do NOT speak for my family but only for myself. Other than owning shares (not that many) I have no more say in what happens there than anyone else. But by any objective measure a pay ratio over a thousand is insane. https://t.co/O34OjXd6rr
— Abigail Disney (@abigaildisney) April 21, 2019
This is not the first time that Abigail Disney has spoken out about the high salary received by Iger and other Disney executives. Last year Iger made $65.6 million which is 1,424 times the median salary of the average Disney employee. Abigal has been outspoken regarding the fact that this pay gap in her words is “insane.”
Disney a filmmaker, as well as a philanthropist, spoke against income inequality at a recent Fast Company event held this past Friday (April 19th.) Similar to the tweet above, she is advocating that the entertainment giant is so profitable that it should be looking toward giving it’s lowest-paid employees significant pay raises as opposed to a $15 minimum wage or the occasional bonus.
According to the Fast Company Disney had this to say, “When [Iger] got his bonus last year, I did the math, and I figured out that he could have given personally, out of pocket, a 15% raise to everyone who worked at Disneyland, and still walked away with $10 million.” Disney added, “So there’s a point at which there’s just too much going around the top of the system into this class of people who — I’m sorry this is radical — have too much money. There is such a thing.”
In another tweet Disney added:
To your success. Anyone who contributes to the success of a profitable company and who works full time to do so should not go hungry, should not ration insulin, and should not have to sleep in a car.
— Abigail Disney (@abigaildisney) April 21, 2019
In the past, Iger and The Walt Disney Company have received flack for executive salaries. Even given the recent acquisition of Fox, Iger faced criticism regarding his salary from critics earlier in the year causing the company to cut $13.5 from Iger’s future earnings to appease shareholders.
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