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Home / Entertainment / Abigail Disney calls on the company to award 50% of the executive bonuses to the lowest-paid employees

Abigail Disney calls on the company to award 50% of the executive bonuses to the lowest-paid employees



Just a few days after she described the content of Disney's best brass as "insane", the granddaughter of Roy Disney's co-founder wrote an opinion in the Washington Post confirming that she was using a Twitter thread Walt Disney Co.'s Inequality Over Wage "

" I believe Disney could pave the way for a more decent, decent type of business, "she wrote in an article published on Tuesday.

She suggests that the company set aside half of the bonuses its executives earn, and distribute them to the bottom 10% of Disney's ( DIS ) 200,000 employees. [19659002] According to a regulatory filing, six of Disney's top executives, including Bob Iger, received $ 62 million in stock options and options last year. That does not include the additional bonuses ̵
1; and possibly millions of dollars more – earned by subordinate leaders of the media and theme park conglomerate.

 Abigail Disney (left) and Disney boss Bob Iger

"In addition, a manager who gives up half of his bonus does not affect his quality of life," she writes. "For people on the ground, this could mean a ticket out of poverty or debt. It could provide access to proper health care or education for a child. "

Last weekend, Abigail Disney's [Twitter] [Twitter] executive compensation became viral.
" At each objective measure is a wage rate of over a thousand crazy, "she said to Iger's pay package, which amounted to $ 66 million – the 1,424 times the average of a Disney employee of $ 46,127.

a point at which it's easy to a lot goes to the top of the system in this class of people who – I'm sorry that's radical – have too much money, "she said.

In the Washington Post, Abigail Disney repeated her criticism of paying the company for the lowest-paid workers. The company claims that it will be paid above the minimum wage of $ 7.25 per hour: workers in the Florida resorts will earn $ 15 per hour by 2021, while salaries at Disneyland in California earlier this year increased to $ 15 per hour. But Abigail Disney said that was not enough.

"This argument does not recognize that the cost of living varies from place to place, and few can handle it, no matter where they live," she wrote.

The problem with the republican tax reform was criticized. Large companies that benefited from the lower tax rate would have invested the extra money in executive compensation and share buybacks – not their workers.

"In a business that has never been so profitable, whose top executives drive home with seven- and eight-digit paychecks and whose main resource is the kind-hearted people who stand in public and welcome guests every day to why we dance anyway, for a minimum wage? "she added.

Abigail Disney wrote that although she believes that executives earn bonuses, "people who contribute to their success also earn part of the profits they've helped shape."

The Disney company reported a record profit in 2018.

"Here's my suggestion to the Walt Disney Co. Lead.", She concluded. "Reward all your employees fairly, and do not turn away when they tell you that they are unable to make ends meet, not just for the benefit of shareholders and managers."

The company did not immediately respond to Abigail Disney's newly released post.

Responding to her initial criticism on Monday, she said she had made "historical investments" in her workers' wages and benefits, including education initiatives that give hourly employees the opportunity to earn a "college degree" or "professional degree" to acquire "completely free".

The company also previously defended Iger's income, which claims to be "90% dependent on performance".

"It delivered exceptional shareholder value: Disney's market capitalization has grown exponentially over the past decade to reach $ 75 billion. Last month alone, the share price rose to $ 132 per share when Mr. Iger became CEO in 2005 a spokesman for Disney told CNN Business.


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