ahlam1399
03-09-2019, 08:58 PM
Abigail Disney, the wealthy granddaughter of Walt Disney Co.
DIS, -0.18% (http://www.marketwatch.com/investing/stock/dis)
co-founder Roy Disney, has long been critical of fat executive paychecks.
On Thursday, she put it like this:
‘If your CEO salary is at the 700, 600, 500 times your median worker’s pay, there is nobody on Earth … Jesus Christ himself isn’t worth 500 times his median worker’s pay.’
That’s how she responded when asked during a CNBC interview on Thursday (https://www.cnbc.com/2019/03/07/disney-heiress-criticizes-ceo-pay-says-the-rich-should-pay-more-taxes.html) whether Disney CEO Bob Iger is overpaid.
According to a securities filing earlier this week, Iger agreed to a new deal that cut his max potential annual pay by $13.5 million (http://www.marketwatch.com/story/disney-cuts-ceo-bob-igers-future-pay-by-135-million-ahead-of-shareholder-meeting-2019-03-05). He was awarded $65.6 million for his performance last fiscal year.
“We don’t have a society structured around fairness right now,†Disney continued. “The problem is that there’s a systematic favoring of people who have accumulated an enormous amount of wealth.â€
For her part, Disney signed a letter with about 200 other New York elites asking lawmakers to introduce a “millionaires tax†on those earning more than $5 million to help fund affordable housing, infrastructure and other initiatives.
Don’t miss: Disney sets opening dates for its new ‘Star Wars’ attractions (http://www.marketwatch.com/story/disney-sets-opening-dates-for-its-new-star-wars-attractions-2019-03-07)
But when she was asked by CNBC’s Joe Kernen why she doesn’t just write a check to help the inequality, things got a bit tense on the set.
“It’s ridiculous to say that,†Disney responded. “My measly few hundred million dollars will do nothing to address the roads, infrastructure, schools, hospitals.â€
Watch the full interview:
</p>
Source link (http://www.marketwatch.com/news/story.asp?guid=%7B202721BC-40F5-11E9-8DB1-A5C1CA56392A%7D&siteid=rss&rss=1)
More (http://ahlam1399.i234.me:8888/m/2019/03/09/disney-heiress-jesus-christ-himself-doesnt-deserve-this-much-money/)
DIS, -0.18% (http://www.marketwatch.com/investing/stock/dis)
co-founder Roy Disney, has long been critical of fat executive paychecks.
On Thursday, she put it like this:
‘If your CEO salary is at the 700, 600, 500 times your median worker’s pay, there is nobody on Earth … Jesus Christ himself isn’t worth 500 times his median worker’s pay.’
That’s how she responded when asked during a CNBC interview on Thursday (https://www.cnbc.com/2019/03/07/disney-heiress-criticizes-ceo-pay-says-the-rich-should-pay-more-taxes.html) whether Disney CEO Bob Iger is overpaid.
According to a securities filing earlier this week, Iger agreed to a new deal that cut his max potential annual pay by $13.5 million (http://www.marketwatch.com/story/disney-cuts-ceo-bob-igers-future-pay-by-135-million-ahead-of-shareholder-meeting-2019-03-05). He was awarded $65.6 million for his performance last fiscal year.
“We don’t have a society structured around fairness right now,†Disney continued. “The problem is that there’s a systematic favoring of people who have accumulated an enormous amount of wealth.â€
For her part, Disney signed a letter with about 200 other New York elites asking lawmakers to introduce a “millionaires tax†on those earning more than $5 million to help fund affordable housing, infrastructure and other initiatives.
Don’t miss: Disney sets opening dates for its new ‘Star Wars’ attractions (http://www.marketwatch.com/story/disney-sets-opening-dates-for-its-new-star-wars-attractions-2019-03-07)
But when she was asked by CNBC’s Joe Kernen why she doesn’t just write a check to help the inequality, things got a bit tense on the set.
“It’s ridiculous to say that,†Disney responded. “My measly few hundred million dollars will do nothing to address the roads, infrastructure, schools, hospitals.â€
Watch the full interview:
</p>
Source link (http://www.marketwatch.com/news/story.asp?guid=%7B202721BC-40F5-11E9-8DB1-A5C1CA56392A%7D&siteid=rss&rss=1)
More (http://ahlam1399.i234.me:8888/m/2019/03/09/disney-heiress-jesus-christ-himself-doesnt-deserve-this-much-money/)