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Disney heiress: Jesus Christ himself doesn’t deserve this much money

Bamby

New member
I can't speak for anyone else here but I happen to like "a case of foot in mouth disease myself"......

Disney heiress: Jesus Christ himself doesn’t deserve this much money

Too much?

Abigail Disney, the wealthy granddaughter of Walt Disney Co. DIS, +0.42% co-founder Roy Disney, has long been critical of fat executive paychecks.

On Thursday, she put it like this:

‘If your CEO salary is at the 700, 600, 500 times your median worker’s pay, there is nobody on Earth ... Jesus Christ himself isn’t worth 500 times his median worker’s pay.’
That’s how she responded when asked during a CNBC interview on Thursday whether Disney CEO Bob Iger is overpaid.

According to a securities filing earlier this week, Iger agreed to a new deal that cut his max potential annual pay by $13.5 million. He was awarded $65.6 million for his performance last fiscal year.

“We don’t have a society structured around fairness right now,” Disney continued. “The problem is that there’s a systematic favoring of people who have accumulated an enormous amount of wealth.”

For her part, Disney signed a letter with about 200 other New York elites asking lawmakers to introduce a “millionaires tax” on those earning more than $5 million to help fund affordable housing, infrastructure and other initiatives.

But when she was asked by CNBC’s Joe Kernen why she doesn’t just write a check to help the inequality, things got a bit tense on the set.

“It’s ridiculous to say that,” Disney responded. “My measly few hundred million dollars will do nothing to address the roads, infrastructure, schools, hospitals.”

Watch the full interview:

https://www.marketwatch.com/story/disney-heiress-jesus-christ-himself-doesnt-deserve-this-much-money-2019-03-07
 

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
... “My measly few hundred million dollars will do nothing to address the roads, infrastructure, schools, hospitals.”
Its always tax the other person :thumbup:

It always ends up taxing the working people :hammer:
 

tiredretired

The Old Salt
SUPER Site Supporter
Disney may be a profitable and successful company, but they sure royally effed up the Star Wars franchise. :hammer::hammer:
 

300 H and H

Bronze Member
GOLD Site Supporter
How does anyone justify a salary of 500-700% above base pay?

I think she is right.

I also think she is correct in pointing out that her money isn't nearly enough to address the issues she raises.

The explosion of CEO salaries began when Reagan reduced personal income tax rates from well in the 60% range to a hard cap of 36%..

It has been a party at the very top ever since. And the wealth has concentrated in fewer hands. Not to mention this is about when our National debt started to really grow... Curious that...

I don't have the answers, but I do see the problem. Maybe I am not Republican enough to not see how shear greed is now acceptable.

Regards, Kirk
 

EastTexFrank

Well-known member
GOLD Site Supporter
Kirk, it's not just about salaries. Most of their wealth is accumulated in the form of stock options. It's really nice when the Board of Directors gets to decide what their own salaries are going to be and what "perks" they will allow themselves to have. I'd love to be in that position.

The Disney child is just another silly, little rich kid that never earned their wealth. I always laugh when I hear the, "We can't use my money, we'll use yours" argument.
 

FrancSevin

Proudly Deplorable
GOLD Site Supporter
How does anyone justify a salary of 500-700% above base pay?

I think she is right.

I also think she is correct in pointing out that her money isn't nearly enough to address the issues she raises.

The explosion of CEO salaries began when Reagan reduced personal income tax rates from well in the 60% range to a hard cap of 36%..

It has been a party at the very top ever since. And the wealth has concentrated in fewer hands. Not to mention this is about when our National debt started to really grow... Curious that...

I don't have the answers, but I do see the problem. Maybe I am not Republican enough to not see how shear greed is now acceptable.

Regards, Kirk

You do understand that most of the stinky rich are not Republicans?
 

Bamby

New member
You do realize Disney is one of businesses that forced it's employees to train their cheaper green card replacements so he could reward himself with the savings.
 

mla2ofus

Well-known member
GOLD Site Supporter
My question on wealth is: how much is enough or how much is too much?? Don't mean to sound like a socialist but I've always wondered this. I put top corporate owners, officers, board members and pro athletes in the same class. Are any of them really worth what they're paid??
Mike
 

300 H and H

Bronze Member
GOLD Site Supporter
You do realize Disney is one of businesses that forced it's employees to train their cheaper green card replacements so he could reward himself with the savings.

I do.

And they need to be penalized some how for that, taxes being an obvious way.

There maybe other ways than taxes, and maybe a better way could be found.

I do think we need to draw a line in the sand at some income level, and tax above that at 50%+.. Personal income is what I am talking about, not Corporate rates. I just think CEO's and upper management are making much more than is fair compared to base wages in their companies. Greed was not a thing when more than 50% is taxed in days gone by. It makes no sense to give away all that to the Government in taxes. Might as well put were it would help the Company by passing this money on to those who are the work force.

As for the political party of the rich, they are on both sides, and tend to favor the side that favors them.. So they switch party support according to what their pocket book tells them.. It's all about the money and how much more they can keep for them selves.

Our current tax rates on the very top are to low. They have been that way since the early 1980's. It is the very core reason we have what we see today. Wealth concentration at the very top..

Here is an idea.. Why not tax any money the CEO makes at normal rates that is below say a 50 to one ratio of base pay, and tax any money earned above that at the above 50% rate. That way a message is clearly sent....

Regards, Kirk
 

Danang Sailor

nullius in verba
GOLD Site Supporter
If the 'typical' worker in any business makes a truly boneheaded blunder it will cost the company money but is not likely to bankrupt that company and send it under. However, should the CEO make a massive blunder that level of disaster can happen; it is even likely.

Both the worker and CEO are human and prone to error but the magnitude of those errors are not vaguely similar. As a consequence the compensations are also wildly dissimilar. Children of all ages find this "unfair"; adults on the other hand, find it simply reasonable.

I come down on the side of the adults. Each person is compensated according to their worth to their employers. Capitalism at its finest!
 

300 H and H

Bronze Member
GOLD Site Supporter
If the 'typical' worker in any business makes a truly boneheaded blunder it will cost the company money but is not likely to bankrupt that company and send it under. However, should the CEO make a massive blunder that level of disaster can happen; it is even likely.
So your saying that because the CEO can wreck the company, he should be paid 500-700 times base pay? Historically that is way over the top since WW2. This problem is the result of greed, not monitary value of a CEO..
Both the worker and CEO are human and prone to error but the magnitude of those errors are not vaguely similar. As a consequence the compensations are also wildly dissimilar. Children of all ages find this "unfair"; adults on the other hand, find it simply reasonable.
So what makes today any different than say the early 60's when our nation was the envy of the world? We have no federal deficit, and CEO pay was UNDER 100 to one of base pay? What changed other than the tax laws on the wealthy? What children are you referring to, and why does that matter?
I come down on the side of the adults. Each person is compensated according to their worth to their employers. Capitalism at its finest!
OR is it simply greed at the very top as it's finest?

I come down on the side of historical precedence. As a conservative Republican, I want a reason the ratio of base pay to the CEO salary has literally no precedence for having expanded exponentially. I do not believe it has much to do with what they are worth, but more about what the Government will let them take home in money. I point the early 80's when taxes on the wealthy were capped at 36% from double that percentage. That is when this problem began.

Regards, Kirk
 
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