Disney heirs call CEO Bob Igers $ 65 million pay package "madness"

Last year, Walt Disney Co., CEO Bob Iger, made $ 65.6 million – about 1,424 times the median Disney employee's salary, an amount that the heiress Abigail Disney calls "crazy."

Disney, a philanthropist and filmmaker like grandfather, Roy Disney, co-founder the entertainment giant, spoke against different income on a Fast Company event Friday, and repeated her thoughts on Sunday on Twitter and said the company makes so much money that it doesn't have any excuse not to give their lowest paid employees profitable wage rebates, as opposed to a minimum wage of $ 15 or one-time bonuses.

"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 at all?"

"When [Iger] got his bonus last year, I did math, and I found that he could personally have given a 1[ads1]5% increase to anyone working at Disneyland, and still went away with $ 10 million," she said. Friday, according to Fast Company. "So there is a point where there is just too much to walk around on top of the system in this class of people who – for that regret this is radical – have too much money. It's such. "

Disney is a member of patriotic millionaires, a group of high-quality Americans who advocate higher taxes for the rich and equal political representation.

Disney said she has nothing against Iger and said he has " led The company brilliantly, " but claimed that a pay cut for him – and other overwhelming leaders – would hardly be felt.

" What difference would it make in the quality of life for those who gave up half their bonus? No. Zero. Maybe they can't afford a third home. Or another boat. I'm not facetted here. That's the kind of victim we'll talk about too high levels, she says in a tweet .

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

"Whoever contributes to the success of a profitable company and who works full time to do so should not go hungry, should not whip insulin and should not 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 costs. She said that significant wage growth would have "a DRAMATIC change in living conditions for people who have worked full time until now and yet [were] who live at or below the poverty line."

In an email, a Walt Disney Co. spokesman stated that the company offers a $ 15 start-up per hour, as well as free hourly training opportunities, 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 cut $ 13.5 million from Iker's potential future earnings after shareholders pushed back against the compensation, and in December, the company increased the benchmarks he had to beat to earn $ 100 million equity grant in 2021.

Disney shares

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up to 20% so far, compared to 13.6% gain for the Dow Jones Industrial Average

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of which it is a component.

Here's the Twitter thread in Abigail Disney's comments: