According to the New York Times. The granddaughter of one of Disney’s founders is attacking the entertainment company for paying its CEO $65 million. Abigail Disney says Bob Iger’s pay package is “insane,” and that the Disney Company needs to “reward all your workers fairly.” Iger’s package was 1,400 times what the median Disney worker earned in 2018, according to a study cited by Abigail Disney.
Not surprisingly, Disney disputed Ms. Disney’s assertions.
“Disney has made historic investments to expand the earning potential and upward mobility of our workers, implementing a starting hourly wage of $15 at Disneyland that’s double the federal minimum wage,” the company said in a statement. It added that the company had committed up to $150 million for an education initiative that gives hourly employees the opportunity to obtain a college or vocational degree at no cost.
