Abigail Disney, who is Walt Disney’s great-niece, criticized the Disney company’s pay practices, specifically the ratio of CEO Bob Iger’s pay to the median worker’s pay.
As You Sow, a nonprofit focused on shareholder advocacy, calculated the ratio of CEO pay to median employee pay in 2017.
According to As You Sow, Iger earned more than $36 million in 2017, which was 787 times more than the median salary of a Disney employee.
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Abigail Disney, a great-niece of The Walt Disney Co. founder Walt Disney, called Disney CEO Bob Iger’s pay a “moral issue” while testifying before the US House Committee on Financial Services.
She said that when she raised the issue privately with Iger, she was “quickly and condescendingly brushed aside.” In her testimony, she proposed that the Disney company “raise the salary of its lowest paid workers to a living wage.”
CBS cited a 2018 study by researchers at Occidental College and the Economic Roundtable, which found 73% of workers at Disneyland resort said they did not earn enough to cover basic expenses every month.
In April 2019, Abigail Disney made waves when she took to Twitter to criticize the company’s …read more
Source:: Businessinsider – Strategy