Abigail Disney’s thoughts on that compensation? “Insane,” she said, according to Variety.
Disney, who is the granddaughter of Disney co-founder Roy Disney, recently spoke at the Fast Company Impact Council, where she said corporate payouts have a “corrosive effect on society.”
- "When he got his bonus last year, I did the math, and I figured out that he could have given personally, out of pocket, a 15 percent raise to everyone who worked at Disneyland, and still walked away with $10 million," she said, according to The Hollywood Reporter.
She shared her point again on social media in a series of tweets. “Let me be 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,” Disney wrote.
- “I’m not saying Iger doesn’t deserve a bonus. He most certainly does. He is brilliant and has led the company brilliantly,” Disney continued. “... It’s nice to give a bonus to a person pulling down a salary. Everybody loves that. You know what everybody loves more than that? A raise. And if the tax cut makes a bonus possible and that tax cut is permanent doesn’t it stand to reason you could have given a raise instead?”
- “Disney has made historic investments to expand the earning potential and upward mobility of our workers, implementing a starting hourly wage of $15 at Disneyland that’s double the federal minimum wage, and committing up to $150 million for a groundbreaking education initiative that gives our hourly employees the opportunity to obtain a college or vocational degree completely free of charge.”
Flashback: Abigail Disney opened up about financial gaps before. She told CNBC’s “Squawk Box” in March that she wants to see higher living wages and an increase on taxes on the wealthy.
She also opened up about her own earnings.
- “I can’t sit back and accumulate wealth simply because I inherited it,” she said in a tweet after that interview.