Democracy Dies in Darkness

Disney’s CEO made 1,424 times as much as his employees. An heir to the Disney fortune thinks that’s ‘insane.’

April 22, 2019 at 6:17 a.m. EDT
Abigail Disney is turning heads for speaking out about the pay taken home by Bob Iger, the CEO of the company that bears her name. (David Edwards/Jordan Strauss/Invision/AP)

Abigail Disney did the math.

Last year, when Bob Iger, the CEO of Walt Disney Co., earned a bonus that brought his total compensation to $65.6 million, she discovered that he could have awarded a 15 percent raise to everyone who worked at Disneyland and still pocketed $10 million.

The independent filmmaker and activist — and an heir to the mass media and entertainment empire — offered that observation on Thursday in a conversation on “humane capitalism” hosted by the Fast Company Impact Council. Disney, 59, called Iger’s pay “insane,” explaining that her view has been shaped by encounters with Disneyland employees in Anaheim, Calif., where reduced benefits have left them straining to pay for basics, such as medicine.