Disney heir Abigail Disney just called CEO Bob Iger’s $65 million compensation “insane' and said that this level of pay has “had a corrosive effect on society.” Is she correct that this astronomical level of compensation can have a corrosive impact? Yes she is, and here’s a big reason why.
In case you haven’t heard, Abigail Disney, granddaughter of Roy O. Disney , recently went viral whenDisney CEO Bob Iger’s $65.6 million compensation “insane” and said that this level of pay has “had a corrosive effect on society.”
This isn’t the first time that Abigail Disney has spoken out on astronomical CEO compensation. On a recent, she uttered the highly quotable line, “Jesus Christ himself isn’t worth 500 times his median workers’ pay." The Disney CEO’s compensation is coming under intense scrutiny because there’s someone as fearless and influential as Abigail Disney willing to call attention to the issue. Plus, she’s sincerely and intensely motivated, especially when she notes that,"Anyone who contributes to the success of a profitable company and who works full time to do so should not go hungry, should not ration insulin, and should not have to sleep in a car.
How could that be? Well, think about what it’s really like to be a high performer in some companies. You’re out there busting your hump every day, closing deals, serving customers, delivering high quality, fixing others’ mistakes, flying coach, working late, etc.
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