Posted
On Oct. 25, the justices said they would decline to hear an appeal by the Walt Disney Co. in a long-running class-action lawsuit that alleged Orange County’s largest employer was wrongfully skirting a living-wage ordinance passed by Anaheim voters in 2018. The decision cemented a July appellate court ruling that found the law indeed applied to Disney’s two Anaheim theme parks and resort workforce.
Read more from The LA Times.
I'm surprised the SAG-AFTRA have not used this to further throw paint on Iger... and the ridiculousness of his compensation.
I wish people would stop conflating executive pay with that of front line workers. They really have nothing to do with each other, and better front line wages are not mutually exclusive of any specific executive pay.
Jeff - Editor - CoasterBuzz.com - My Blog
Sure, but you address the problem and stop treating symptoms. I'm probably considered liberal, and maybe the autism filter gets in the way, but grievances about what's fair is a playbook from the white nationalists. Grievance politics fire people up, sure, but it's always predicted on the idea that this is a zero sum game. It most certainly is not. Divide Iger's salary among hourly employees and it makes no difference.
Jeff - Editor - CoasterBuzz.com - My Blog
Well, with a base salary of $1 million and bonuses of $26 million....if you divide just Iger's bonus by the approximately 220,000 Disney employees it would mean an additional $122.72 per year or about .06 cents per hour.
Will be interesting to see how they deal with compression. Typically people making more than the old minimum expect to make the same amount more ($$ or percentage) than the new minimum. But typically that its less than that meaning pay differential is more compressed after the minimum increase.
It most certainly is not. Divide Iger's salary among hourly employees and it makes no difference.
Ok, what about every VP, and department head at Disney then?
So in Walts's era the CEO made 15 times, today it's roughly 221 times, or up 1,210%!
This article specifically mentions many at DL have to go to Foodbanks to feed their families.
Obviously, inflation, and housing, are also major issues, but if baseline wages matched COL, and other increase such as CEO compensation growth we would not be having this conversation.
Sharpel007:
So in Walts's era the CEO made 15 times, today it's roughly 221 times, or up 1,210%!
This article specifically mentions many at DL have to go to Foodbanks to feed their families.
These two things have nothing to do with each other. As I said, a CEO can have a high salary and front line workers can have higher wages. They're not mutually exclusive.
The problem with the Bernie Bro refrain about wealth inequality, especially among workers, is that it always infers that executive pay comes at the expense of hourly people. It does not. And with regard to Walt's days, there weren't companies that were worth $154 billion like the Disney of today. Leading a company of that size is not the same as selling churros.
Now if people want to make an assessment of the morality of being paid that much, that's fine. I don't agree with it, but that at least is subjective. But if one argues that this is a zero-sum game and The Man's salary causes low wages, that is factually not accurate.
Jeff - Editor - CoasterBuzz.com - My Blog
But if one argues that this is a zero-sum game and The Man's salary causes low wages, that is factually not accurate.
Because it leads to them thinking they are God's gift to the common worker. And in some cases much worse the whole of the US?
I mean just look at Iger and company trying to steal likeness use forever, just cause you shot on one production, they think they can squeeze anything out of people.
And that 1200% increase means they have far more power as in this case to legally fight forever people trying to get paid properly, or even just form a union.
Then they bribe and lobby and cohort with other CEOs to government, etc then people think they are the only ones that can solve problems?
How much better would it be if Zimmerman and Bassoul didn't think of themselves as high and mighty and untouchable with golden parachutes if they **** up?
There is a very particular special thing that led to the creation of Ouimet and his ability to talk to to frontline workers and earn their trust, and why he left Disney when he did.
Than damn Bob Iger.
"Hearts ablaze
Banners high
We go marching into battle
Unafraid although the danger just increased
Raise your flag
Sing the song
Here we come, we're 50 strong
And 50 Frenchmen can't be wrong
Let's kill the Beast!"
I don't have Iger money but I'm the highest paid person in my organization. I have not once...ever...thought myself God's gift to the common worker. And while I don't know Iger I think I have read enough to know the general sense of the man...and I would be stunned if he felt that way.
This is a free market in action. Compare the Starbucks CEO salary ($1.3 million to $5.2 million depending on incentive bonuses) to the Starbucks barista salary (approximately $18,400 per year) and do that with most every other major corporation. It is an imbalance.
That said, I believe every Disney employee is now eligible for 100% tuition reimbursement at a number of participating colleges. They didn't have that when I worked for the company. If I could work on the Jungle Cruise for $17 an hour with no discernable skills...and get free college tuition...I'd be pretty content. If I was working the Jungle Cruise at 53 making $20 an hour I'd be disappointed...but before I blamed anyone else I better take a long look in the mirror.
wahoo skipper:
no discernable skills
Of all the available jobs at Disneyland you choose Jungle Cruise which whose hosts actually have skills?
I was at WDW and they assigned me Jungle Cruise (when I was participating on the College Program). Yes, I guess I could memorize and recite a lengthy spiel...but I didn't consider myself God's gift to ride operators.
Sharpel007:
Because it leads to them thinking they are God's gift to the common worker. And in some cases much worse the whole of the US?
These are ungrounded, projected feelings. Because...
wahoo skipper:
I don't have Iger money but I'm the highest paid person in my organization. I have not once...ever...thought myself God's gift to the common worker.
I've been in that situation as well. I've known quite a few CEO's of public companies, and not one ever acted like this. Most, the best of them, wanted to figure out how to enable the people that work for them, not oppress them. That's absurd.
Are there actual evil executives? I'm sure there are. There are terrible front line workers too. I'm sure Iger's memoir is a rosy picture of his experience, to a degree, but I don't get any oppressor vibes. In fact, he has a pretty solid record in philanthropy.
Jeff - Editor - CoasterBuzz.com - My Blog
Edit: I'd just like to point out that the above image was initially posted as a response to GoBucks' question directly above, but can also double as a depiction of Iger after his salary led to him thinking he is God's gift to the common worker.
Of all the "ride hosts"at Disneyland, the highest operating skill ones are the locomotive crews of the Disneyland Railroad. As I recall they are also members of the operating engineers union.....
It could also be a response to Jeff's question: "Are there actual evil executives?" Although it should be written Evil executives since it's a proper noun.
Hi
This is a secret win for Disneyland, because now they can raise their prices to twice what they would have needed to to give their employees a raise. They'll rake in the extra money, and then blame paying their employees a living wage for the outrageous prices. It how McDonald's and other businesses have been making record profits lately.
-Travis
www.youtube.com/TSVisits
This is what they said when they raised prices last month:
"We are constantly adding new, innovative attractions and entertainment to our parks and, with our broad array of pricing options, the value of a theme park visit is reflected in the unique experiences that only Disney can offer," said a Disney spokesperson.
Better marketing to say you are raising prices because you keep adding new and better attractions than because your costs increased. They could have blamed raising prices last month on inflation which increased their costs but didn't.
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