The granddaughter of Roy Disney, co-founder of The Walt Disney Co. with brother Walt Disney, said Thursday on CNBC's"Squawk Box" that she thinks"CEOs in general are paid far too much."
On Monday, Iger agreed to a new compensation contract that cut his maximum potential annual pay by $13.5 million. This year, however, the company eliminated a $500,000 boost to his base salary, keeping it at $3 million. It also cut his potential cash bonus from $20 million to $12 million and reduced his long-term incentive pay from $25 million to $20 million, the company said in a securities filing Monday."The problem is that there's a systematic favoring of people who have accumulated an enormous amount of wealth," she said.
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