'Jesus Christ himself isn't worth 500 times his median worker pay in companies' — Disney heiress slams CEO pay

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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russian mobile telecom company to pay US$850 million for alleged briberyWASHINGTON: Russia's largest mobile telecommunications company and its Uzbek subsidiary agreed to pay US$850 million to resolve U.S. charges of a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

To save time and money, companies roll out caregiving benefitsWhen Laura Hirsch of Keller Texas had to find a rehabilitation center to help her father recover from a difficult surgery in September, the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »