Disney Heiress Calls CEO Bob Iger’s $65.6m Total Compensation ‘Insane’

Labor News, Industry News

Abigail Disney is turning heads for speaking out about the pay taken home by Bob Iger, the CEO of the company that bears her name. (David Edwards/Jordan Strauss/Invision/AP)

Reprinted from CNBC by Lauren Feiner on April 22, 2019.

Disney CEO Bob Iger’s $65.6 million total compensation is “insane,” according to Abigail Disney, granddaughter of the company’s co-founder.

The Disney heiress and philanthropist criticized the gap between Iger’s fiscal 2018 pay and that of his employees at the Fast Company Impact Council on Thursday. A recent Equilar study found Iger’s pay was 1,424 times that of the median Disney employee.

It’s not the first time the Disney heiress and philanthropist has criticized CEO pay. In March, Disney stopped short of commenting on Iger’s pay in an interview on CNBC’s “Squawk Box,” but said, “If your CEO salary is at the 700, 600, 500 times your median workers’ pay, there is nobody on Earth, Jesus Christ himself isn’t worth 500 times his median workers’ pay.” …

CNBC 4/22

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About Jeffrey Burman 5209 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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