Abigail Disney described Bob Iger’s compensation as an example of companies giving lavish rewards to top executives instead of improving the lot of lower-wage workers, including theme park workers.
The stock price has increased to $132 a share from $24 a share when Iger became CEO in 2005, the company said. The shares declined 77 cents, or 0.6%, to $131.68 on Monday.The company earlier this year cut $13.5 million from the executive's annual target pay package to $35 million, partly in response to investor blowback.
In December, the company increased the performance bar it must hit for Iger to collect more than $100 million in incentives he could earn as a result of the Fox acquisition. Disney is investing heavily in expansions at its U.S. theme parks. Star Wars: Galaxy's Edge, an ambitious 14-acre project, will open at Disneyland in two stages this year. An identical planned attraction will also open at Walt Disney World in Orlando, Fla.
Abigail Disney has previously been outspoken about social justice issues and has been a supporter of the #MeToo movement. She and production company Killer Content launched the female-fronted entertainment firm
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roy Disney's granddaughter thinks Bob Iger's paycheck is 'insane'Disney CEO Bob Iger made nearly $66 million last year, and the granddaughter of company co-founder Roy Disney thinks that's 'insane'
Read more »
Disney heiress calls CEO Bob Iger’s $65.6 million compensation ‘insane’Disney CEO Bob Iger’s $65.6 million total compensation is “insane,” according to Abigail Disney, granddaughter of the company’s co-founder.
Read more »
Disney heiress calls CEO Bob Iger's $65.6 million total compensation 'insane'Abigail Disney, the granddaughter of Disney's co-founder, said the CEO's level of pay is too high compared to that of his median employee.
Read more »
Disney Heiress Criticizes CEO Robert Iger’s CompensationAbigail Disney, granddaughter of company co-founder Roy O. Disney, said Robert Iger’s $65 million pay package is an example of the bulk of corporate profits going to the wrong employees.
Read more »
Disney’s CEO made 1,424 times as much as his employees. An heir to the Disney fortune thinks that’s ‘insane.’Abigail Disney, the granddaughter of Roy Disney, called on the company that bears her name to give its employees a raise.
Read more »
Bob Dylan: Enough with the phones!At a show on Tuesday night in Vienna, Austria, the iconic 77-year-old songwriter, who hardly ever talks to the crowd, reached his limit and uttered a rare...
Read more »
The Mueller report is out: Live updatesAttorney General William Barr is expected to release special counsel Robert Mueller's redacted report on the Russia investigation to Congress and the public today. Follow here for the latest.
Read more »
‘Star Wars’ fans keep fueling the Force as Disney expands the galaxy far, far awayA few days ago in a galaxy not so far away, an estimated 65,000 “Star Wars” fans from across the globe quested their way to the biggest convention center in the country. Their mission: To be one with the Force that has fueled the franchise since 1977.
Read more »
We have our first glimpse at how 'X-Men' movies could change under Disney ownershipThe latest footage for the upcoming X-Men movie, 'Dark Phoenix,' gives a hint at what the franchise could look and feel like under Disney.
Read more »