×

Abigail Disney Calls Bob Iger’s $65 Million Compensation ‘Insane’

Disney chairman-CEO Bob Iger’s total compensation for Disney’s fiscal 2018 was a whopping $65.6 million. Abigail Disney, the granddaughter of Disney co-founder Roy Disney, calls that sum “insane.” 

While speaking at the Fast Company Impact Council, the filmmaker and philanthropist insisted that this level of corporate payout has a “corrosive effect on society.”

Disney took to social media to reemphasize her point.

“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,” Disney wrote in a detailed thread on Twitter, breaking down her many issues with executive compensation of this level.

She continued, “I’m not saying Iger doesn’t deserve a bonus. He most certainly does. He is brilliant and has led the company brilliantly,” Disney continued… “It’s nice to give a bonus to a person pulling down a salary. Everybody loves that. You know what everybody loves more than that? A raise. And if the tax cut makes a bonus possible and that tax cut is permanent doesn’t it stand to reason you could have given a raise instead?” 

This is hardly the first time Disney has spoken out to raise the living wage and tax the wealthy. Disney has long-pressed companies to do better, recently appearing on CNBC stating, “I can’t sit back and accumulate wealth simply because I inherited it.”

Disney ended her thread with a call to action. “Anyone who contributes to the success of a profitable company and who works full time to do so should not go hungry, should not ration insulin, and should not have to sleep in a car,” she said.

More Biz

  • AWAL Names Bianca Bhagat as Senior

    AWAL Names Bianca Bhagat as Senior VP, Synch & Brand Partnerships

    AWAL, Kobalt’s recorded music company, announced the hiring of Bianca Bhagat as senior vice president, synch & brand partnerships. Based in Los Angeles, she will oversee AWAL’s global synch & brand partnerships team, pursuing creative marketing opportunities for the AWAL roster, according to the announcement. Most recently with Glassnote, leading the Film and TV department [...]

  • iheartmedia logo

    iHeartMedia Stock Drops in NASDAQ Debut

    Shares of iHeartMedia, the U.S.’s biggest radio network, fell as much as 7% after they commenced trading Thursday on the NASDAQ Global Select Market. Last month, after exiting a year-long bankruptcy reorg, iHeartMedia announced it was approved for listing on NASDAQ, instead of pursuing an IPO. The company’s shares had previously been traded over-the-counter under [...]

  • Netflix Reed Hastings

    Netflix Shares Dive After Q2 Stumble: Just a Hiccup or Sign of Bigger Trouble?

    Netflix badly undershot its subscriber forecasts for the second quarter of 2019 — posting its first net U.S. customer decline since 2011 while growth slowed considerably overseas. The company added 2.7 million subs worldwide, almost half as many as the 5 million it had projected. With the big miss, Netflix shares took a predictable hit, [...]

  • Photo taken July 18, 2019, from

    At Least 33 Believed Dead in Arson Attack on Japan's Kyoto Animation

    UPDATED: At least 33 people are believed to have died Thursday in an arson attack on the Kyoto Animation company in Japan, shocking a nation in which extreme violence is very rare. Citing fire officials, Japanese public broadcaster NHK said Thursday night that 20 women and 12 men were killed in the blaze, as well [...]

  • Haim Saban

    Haim Saban Pledges to Invest $500 Million to Launch Music Label

    Businessman, investor and philanthropist Haim Saban, who heads the Saban Capital Group, has pledged to invest $500 million to launch a record label. Saban Music Group (SMG) will be led by music executive Gustavo Lopez and focus on “international A&R, artist development and strategically supporting a 360 model for artists,” reads a release announcing SMG, [...]

  • Street scene Sunset Boulevard at night

    In Los Angeles, Rock and Roll Fights to Save the Sunset Strip

    On a recent Saturday evening on Sunset Boulevard, just beyond the nightly caravan of European sports cars and open-air tour buses that have seen better days, the famous Tower Records building was once again bathed in the familiar red and yellow paint job of the iconic music store that once occupied its stone-brick walls. Though [...]

  • Plume of black smoke rising from

    Universal Music Files Motion to Dismiss Lawsuit From Artists Claiming Fire Damage

    Universal Music Group filed a motion on Wednesday to dismiss a class-action lawsuit from attorneys representing Soundgarden, Hole, Steve Earle and the estates of Tupac and Tom Petty over master recordings reportedly destroyed in a 2008 fire, the extent of which was revealed last month in a New York Times article. UMG argues that the musicians cannot pursue a [...]

More From Our Brands

Access exclusive content