Abigail Disney calls Disney CEO Bob Iger’s $65.6 million compensation 'insane.' Here’s why

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  • dulce et decorum est , 00
    April 25, 2019 10:34 p.m.

    Workers and other stake holders need a place on corporate boards, like in Germany. That would put a lid on such abusive CEO salaries.

  • Kralon HUNTINGTON BEACH, CA
    April 23, 2019 1:10 p.m.

    So, Abigail Disney is worth half a billion dollars, which she inherited and she's upset about a performance based bonus?

    She does have a point, even though her math is incorrect. There shouldn't be such a big difference between the highest paid employees and the lowest paid because they all contributed to the company's success. CEOs may directed companies, but they often aren't the ones that come up with good ideas, they help with idea selection and execution.

    Most of my working life has been in the stock market where I usually receive two bonuses. One based on how well I performed and one based on how well the company performed. That works well for established companies, but stock options works better for start-ups. There are lots of studies that show compensation doesn't help performance, but being under compensated can sure hurt as it caused me once to seek other employment for a 40% pay raise.

  • RedShirtUofU Andoria, UT
    April 23, 2019 12:36 p.m.

    To "Joyce Wilson" I looked, and this is what she said. Abigail Disney said that for $55 million they could give a "15 percent raise to everyone who worked at Disneyland." That is from the quotes the article provided. So, Disneyland represents just one park. FYI Disneyland employs 23,000 people, plus another 3,500 contractors that are not directly employed by Disney. With an average salary of about $40,000/yr that means that the Disneyland costs $920 million/yr for salaries alone. A 15% increase is actually $138 million, so I don't think Abigail actually knows what is going on at Disneyland.

  • Joyce Wilson Ogden, UT
    April 23, 2019 12:22 p.m.

    RedShirtUofU - you may want to re-read what she said about the 15% raise to every employee, not 15% divided by the number of parks.

  • RedShirtUofU Andoria, UT
    April 23, 2019 11:28 a.m.

    To those of you attacking the bonus that Igers was given, remember that the Government will take about 30% of it in taxes. Do you think it is fair for the government to take that much of a bonus when they did nothing?

    To "TAS" did you catch what she said about the bonus Igers got? It would only give a 15% pay raise to Disneyland Employees only. So, lets take his bonus and apply it to just the Disney parks.

    There are 12 Disney parks, and assuming they all earn the same per hour, that would mean that you could give all Disney theme park employees slightly more than a 1% raise. Now, lets expand it to ALL of Disney, which include merchandising and movies. You are looking at less than a 1% raise for all of those people.

    You see, in terms of the company's overall performance, a $65 million bonus doesn't actually amount to much if you spread it out evenly to everybody.

    To "rkl" but the CEO leads the company. A bad CEO can destroy a company. However, if a company makes a few billion dollars under the leadership of a particular CEO, why shouldn't the CEO get a bonus?

  • a_voice_of_reason Woods Cross, UT
    April 23, 2019 11:12 a.m.

    I'm not saying all executive compensation is "fair" or "reasonable." I'm also not saying that all entry-level employee pay is "fair" or "reasonable." However, it's easy to compare numbers and get angry. But remember, there are stockholders approving these decisions. They seem to feel it's worth the money. Bob Iger is a brilliant man that qualified himself sufficiently to become the CEO of a massive organization and accomplish massive goals for the shareholders (the ones who invested their money to own the business). He accomplished the acquisition of FOX and continued massive profits. He got a massive bonus because he met the criteria to earn it. Is it too much? I don't know, but his qualifications and accomplishments are 1 in 50 million (at least), so I would expect his pay to also be 1 in 50 million.
    Now let's look at the entry-level employees. Do they work hard? Yes. Do they deserve to be recognized? Yes. However, they are now earning $15/hour and have access to free education on Disney's dime. That is incredibly generous considering that the only qualifications could be knowing how to use a broom, acting courteously, and passing a background check. They are 1 in 1.5. Fair?

  • FT salt lake city, UT
    April 23, 2019 8:05 a.m.

    Good on her. She's making a clear, concise argument. We need more people to call out greed, lying, and dishonesty now more than ever.

  • itsreasonable Salt Lake City, UT
    April 23, 2019 7:47 a.m.

    Great to hear there are still people who think and express their kind thoughts of others. Disparity erodes peoples willingness to engage in a meaningful and cooperative way as illustrated by our current political climate. The Disney legacy is something to be proud of and Abigail Disney has class and represents the family well.

  • IJ Hyrum, Ut
    April 23, 2019 7:20 a.m.

    I believe it was John Adams who said this government would only survive under a moral people. 65 mil/year is immoral. There are people who can't feed their families. $15 starting wage is peanuts. We need to pass a law that says the top dog can only take home (pay, bonuses, etc.) no more than 100 times the low man on the totem pole. Ms. Disney is right, no one needs that much money. It is certain that brilliant people create the jobs and sustain the companies; it is also certain that the everyday worker keeps things moving. W/o the everyday worker, the top dog would not be able to take home anything. It takes everyone, working together, to make a company a success.

  • Chessermesser West Valley City, UT
    April 23, 2019 5:38 a.m.

    There are lots of creatives guys and girls. It’s not like there is a small market for business genius, yet some CEOs are paid that way. CEO salaries of many major US corporations are insane. I worked about 8 years for Xerox. During the first six no one got any raises. Oh, did I say no one? My mistake. The CEO’s compensation increased 40% during that period. Even as the company wasn’t doing that well. From a pay-for-success standpoint it didn’t make sense.

    And despite our struggling company she was on the board of at least four other major companies. She was well compensated for those services. Would any normal company allow an employee paid time off to work at multiple other companies? Personally I don’t think CEOs should be on boards, except perhaps for the company they manage.

  • rkl Salt Lake City, UT
    April 23, 2019 4:19 a.m.

    Clearly Ms. Disney does not understand why bonuses for workers at any level are a waste of corporate profits. The CEO always should be paid proportionate to the value he/she brings to the company and its earnings, as should each and every employee in that organization.

    Bonuses and salaries should never be paid based on the profits of the company. Each employee has already been paid. The profits of the company belong to the owners of the company. Period.

  • Copybook Headings Draper, UT
    April 23, 2019 4:09 a.m.

    I bet if she switched places with him she'd run the company into the ground in less than six months. If Democrats took all the money CEO's made and just gave it to average workers the price of milk (and everything else) would go through the roof. In our type of economy that's just a given fact. Nobody would be better off except Democrats; who would feel good about themselves for punishing those mean CEO's. No thank you. Oh by the way. What about the people who work for companies where the CEO doesn't make millions? Where would their boost in pay come from? Seems unfair to me.

  • water rocket , 00
    April 22, 2019 11:41 p.m.

    I firmly believe that politicians are afraid to offend the CEO's of publicly traded corporate America, otherwise they would pass a law that made it illegal for ANY top corporate executive to make more that 5 times the average salaries of their employees. That way they would either make sure their employees were more fairly compensated, or they would have to learn to live like the rest of us. Obviously that wouldn't be the case if the company did not have publically traded stock, but nearly all the big corporations have stock holders, and are publicly traded.

  • Fullypresent Salt Lake City, UT
    April 22, 2019 10:27 p.m.

    It is the greed of CEO's and many others which will eventually be the downfall of the U.S. Grreed is out of control. There isn't anyone worth this kind of money - CEO's, athletes, entertainers, tech people, or anyone else. You can have the good life on far less than this.

  • TAS Tehachapi, CA
    April 22, 2019 10:25 p.m.

    One of the first sensible things a member of the investor class has said in a long time. The salaries of CEOs of major companies has gotten way out of hand. It would do more good for society to give the workers who make an organization successful a raise rather than give it to a CEO. I bet a person can live just as well with 20 million rather than 65 million.