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Abigail Disney Calls Bob Iger’s Compensation ‘Insane’

The Wrap Monday, 22 April 2019
Abigail Disney Calls Bob Iger’s Compensation ‘Insane’Abigail Disney, the granddaughter of Disney co-founder Roy O. Disney and daughter of longtime Disney executive Roy E. Disney, believes that the compensation of Disney CEO Bob Iger is “insane,” according to a report from Fast Company.

Disney made the assessment at the inaugural Fast Company Impact Council on Thursday, noting, “I like Bob Iger. Let me be very clear. I think he’s a good man.” Nonetheless, she noted, “I think he’s allowing himself to go down a road that is the road everyone is going down.”

According to Fast Company, Iger’s compensation grew by 80% in 2018 to $65.6 million. Citing an Equilar study, the outlet said that Iger’s compensation was 1,424 times that of the median Disney employee.

*Also Read:* Bob Iger on Disney-Fox Deal Close: 'I Wish I Could Tell You That the Hardest Part Is Behind Us'

In a statement to Fast Company, a Disney spokesperson said, “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, and committing up to $150 million for a groundbreaking education initiative that gives our hourly employees the opportunity to obtain a college or vocational degree completely free of charge.”

Nonetheless, on Sunday, Disney reiterated her assessment of Iger’s compensation — and offered a lengthy reflection on wages.

“Let me very clear. I like Bob Iger. I do NOT speak for my family but only for myself,” Disney wrote on her unverified Twitter account. “Other than owning shares (not that many) I have no more say in what happens there than anyone else. But by any objective measure a pay ratio over a thousand is insane.”

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Disney continued, “To brush aside criticism of the low wage you pay workers at the company by saying you pay more than the Federal Minimum Wage and that you provide opportunities for education is a dodge. We all know the Federal Minimum is too low to live on. So why must we, at a company that’s … More profitable than it’s ever been, be paying anything so close to least the law allows at all??? Pointing out the incongruity of pay at the top and pay at the bottom provokes a reaction because it so violates of our innate sense of fairness it is impossible not to wince.”

Disney also added that she doesn’t believe Iger “doesn’t deserve a bonus,” but wondered what would be wrong with shifting some profits “to some folks other than those at the top?”

“What on earth would be wrong with shifting some of the profits–the fruits of these employees’ labor– to some folks other than those at the top?” Disney added. “I’m not saying Iger doesn’t deserve a bonus. He most certainly does. He is brilliant and has led the company brilliantly.”

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Disney went on to reflect at length, in multiple tweets, about wages, particularly for workers who are just starting out.

“While I’m at it can I just add one more thing? The other rationale often offered for the rock bottom wages of many of their workers is that it’s a ‘starter job’ like flipping burgers at MacDonald’s,” Disney wrote. “I suppose if everyone who is graduating college has cushy middle class parents who can supplement their income and offer them healthcare and a place to live this would be a consideration. But of course we know that that’s not the case for many people finishing college.”

Read some of Disney’s tweets below — and even more of them here.



Let me very clear. I like Bob Iger. I do NOT speak for my family but only for myself. Other than owning shares (not that many) I have no more say in what happens there than anyone else. But by any objective measure a pay ratio over a thousand is insane. https://t.co/O34OjXd6rr

– Abigail Disney (@abigaildisney) April 21, 2019





To brush aside criticism of the low wage you pay workers at the company by saying you pay more than the Federal Minimum Wage and that you provide opportunities for education is a dodge. We all know the Federal Minimum is too low to live on. So why must we, at a company that’s…

– Abigail Disney (@abigaildisney) April 21, 2019





More profitable than it’s ever been, be paying anything so close to least the law allows at all??? Pointing out the incongruity of pay at the top and pay at the bottom provokes a reaction because it so violates of our innate sense of fairness it is impossible not to wince

– Abigail Disney (@abigaildisney) April 21, 2019





While I’m at it can I just add one more thing? The other rationale often offered for the rock bottom wages of many of their workers is that it’s a “starter job” like flipping burgers at MacDonald’s. https://t.co/BwauPpg5kU

– Abigail Disney (@abigaildisney) April 21, 2019





I suppose if everyone who is graduating college has cushy middle class parents who can supplement their income and offer them healthcare and a place to live this would be a consideration. But of course we know that that’s not the case for many people finishing college.

– Abigail Disney (@abigaildisney) April 21, 2019





Many many many of them are leaving college with mountains of very intimidating debt the likes of which people in my generation never had to worry about. They can’t waste time on a “starter job” with that sword of Damocles hanging over their heads.

– Abigail Disney (@abigaildisney) April 21, 2019



*Related stories from TheWrap:*

Bob Iger on Disney-Fox Deal Close: 'I Wish I Could Tell You That the Hardest Part Is Behind Us'

Disney Boss Bob Iger Says 20th Century Fox Will Continue to Make Films Under Its Own Brands

Bob Iger Says Disney Dealt With Joy Behar and Jimmy Kimmel's Past Blackface 'Privately'
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