Abigail Disney tells Congress companies must change the way they 'practice capitalism'

  • 📰 CNN
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

'We have chased large swaths of Americans into a box canyon and then blamed them for being trapped.' Abigail Disney took her criticism of the pay gap between CEOs and workers to Capitol Hill, telling lawmakers that the country needs to rethink the system

"We have chased large swaths of Americans into a box canyon and then blamed them for being trapped," she told members of the House Financial Services Committing at a hearing on strengthening the rights and protections of workers. Over the past month, Disney -- the granddaughter of Walt Disney Company co-founder Roy Disney -- has drawn attention for publicly criticizing the disparity between the $65 million paid to CEO Bob Iger and what its average workers make.

"The median ratio is not a helpful ratio. It treats the lowest paid worker as if they were invisible," she said. Some Republican members of the committee challenged Disney to say what pay is fair for a CEO, and what rate is a livable wage. She said, in response, that not every CEO should be paid the same and a liveable wage is not the same in every city. "The point I am trying to make is we are throwing around numbers here on appropriate CEO pay, what CEO pay should be ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Abigail Disney plz run for president 💕

The same could be said for Britain.

It's always the people who never had to work for their money ...

No one can afford to go to Disney anymore!

Yeah, but Disney brings in hundreds of foreign workers and forces employees to train them to take their jobs or no severance...

Limousine liberal to the core... I love the super wealthy bleeding heart liberals.. they make my day

This makes it sound like it happened on accident. Hilarious 😂

I concur.

Remind me of Carlos Ghosn

Notice how she said absolutely nothing at all. These kinds of platitudes are what limousine liberals are all about. It’s about saying the things that sound right. Who cares that she hasn’t actually taken a stand or described a plan, she just delivered a few applause lines. Pass.

Yawn

Hun well that good

It’s a good thing we’re not a socialist country. 👍

lol. This woman sits on a mountain of money she had no hand in making, and still collects as her stock grows.

Sounds like she needs to look into the facts before getting up on her soapbox

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines