Disney Heiress Has Attacked The CEO's 'Insane' $91 Million Salary
Abigail Disney, the granddaughter of Disney co-founder Roy Disney, has attacked the colossal wealth of the company's CEO Rob Iger, describing his $US 91 million salary as "insane".
Disney made the comments at the first annual Fast Company Impact Council last week, where she was featured on a panel discussing the concept of "humane capitalism".
The documentary film-maker and activist told attendees she had witnessed first-hand the marked inequalities between Disneyland employees in California and those at the top of the chain.
Disney reported that employees have seen a reduction in benefits and are struggling to pay for essential medical care while Rob Iger has seen an 80 percent raise in the last year that has led to his gargantuan yearly salary.
She stated at the conference that when Iger received his raise she did the maths and realised that "he could have given personally, out of pocket, a 15 percent raise to everyone who worked at Disneyland, and still walked away with $10 million."
Disney asserts she does not believe Iger to be a corrupt or immoral person, but rather that he simply belongs to a class of people that "have too much money".
The Walt Disney Company responded that "Disney has made historic investments to expand the earning potential and upward mobility of our workers, implementing a starting hourly wage of $US 15 at Disneyland that's double the federal minimum wage".
Abigail Disney, however, was not receptive to this response and took to Twitter to elaborate on her position. She examined the idea that Disney had defended their employment as a "starter job" and said it can not be considered a viable wage because many of the employees are leaving college with "mountains of intimidating debt".
Disney continued that companies place too much importance on their CEO and consider them irreplaceable, but this "gives too much power to the CEO".
The heiress has reported previously that she feels extremely uncomfortable with the amount of wealth her parents amassed after Michael Eisner reinvigorated The Walt Disney Company and sent the stock prices soaring.
Speaking to The Cut, she described how inheriting vast sums of wealth changed her parents, and how she herself felt "sick" after flying the family Boeing 737 from California to New York solo, thinking about the wasted money and enormous carbon footprint.
She herself has given an estimated (by her count) $US 70 million away to charity.