Abigail Disney wants to fix a ‘troubling’ disconnect and tie CEO pay more closely to workers’ wages - Fortune
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The grass is green, the sky is blue, and—despite decades of scrutiny—CEOs are still being paid way too much. Can anything rein in their skyrocketing compensation?
For Abigail E. Disney, the filmmaker and wealthy critic of her fellow one-percenters, that’s only half of the right question. In 2019, she made headlines for publicly criticizing the “insane” compensation of Bob Iger, then-CEO of the company cofounded by her grandfather, Roy O. Disney. Since then, she’s become an outspoken advocate for increasing taxes on the wealthy, and for improving the wages and treatment of workers. In January, her documentary on income inequality at Disney debuted at the Sundance Film Festival; last month, she joined about 150 other millionaires signing a letter to Davos attendees calling for higher taxes on the rich.
But after years of publicly advocating for both higher worker pay and higher wealth taxes, Disney wishes that more people paid attention to the relationship between the two—and to the ever-widening gulf between what top corporate executives earn, and what they pay their employees. In 2021, Fortune 500 CEOs earned 205 times a typical worker’s salary—and some picked up compensation packages worth far, far more. Bob Chapek, Disney’s current CEO, was awarded a pay package valued at $32.5 million, or 644 times the median Disney employee’s annual salary of...
Read Full Story: https://fortune.com/2022/06/15/ceo-compensation-abigail-disney-pay-gap-hourly...