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

Don't trust her. If she really cared, she would, as CEO, restructure the pay scales, so that her, and those closest to her, make less, and those employees on the bottom rungs make more.

Rather than having poorer people have more money, she thinks government can be more efficient with it. Which is a freaking joke.
 
hanger4 said:
She made a proposal, woop woop. She has more than enough to build affordable housing on her own. That's putting her money where her mouth is.
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Just what city or rural area do you propose she start? Since there are 10's of thousands of such destitute areas?
 
People...
Trump's big slogan is "Make America Great Again".
So what made America Great in the first place? What gave America a wildly successful middle class? What was it that made it the norm that only 1 income was needed for a family to live well? With the outsourcing of jobs around the globe, have costs gone down to reflect the corporate savings? Don't bother answering that...we all know the answer.
I agree that the corporate captains need to pay more taxes, and that the working people need to be paid allot more than they are.
What made America great, was the tight-knit family unit. And if both parents must work to maintain a family, if children are being raised by nannies and day-care workers, if it costs 3/4 of a household income, just to put a roof over the family's head, then the family unit will continue to suffer.
 
KevinKohler said:
Don't trust her. If she really cared, she would, as CEO, restructure the pay scales, so that her, and those closest to her, make less, and those employees on the bottom rungs make more.

Rather than having poorer people have more money, she thinks government can be more efficient with it. Which is a freaking joke.
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Government has done a better job than any single individual.... but one would have to respect government to understand that.
 
RealityNow said:
No... she is making reference to the fact she is WILLING to pay higher taxes, so it can help the things she listed....
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No, she is willing to have OTHERS pay higher taxes.
 
TheParser said:
Maybe not.

But a lot of "daily average workers" can certainly contribute to destroying a company.


Some "daily average workers" in service industries do not realize that their jobs depend on repeat customers.

Yet some of those workers are either rude or lazy or incompetent, ensuring that those customers never return.
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Your point being that they are more...or less important to a businesses over all health than executive level leadership?
 
TheParser said:
Maybe not.

But a lot of "daily average workers" can certainly contribute to destroying a company.


Some "daily average workers" in service industries do not realize that their jobs depend on repeat customers.

Yet some of those workers are either rude or lazy or incompetent, ensuring that those customers never return.
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by your ideals, that's right condemn all, because of some who are less than highly productive. :doh
 
Bucky said:
I can assure you even people making minimum wage do no want hands out. It is immoral to want to take away wealth from those that are more successful.
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It's immoral to foist this false reassurance of mediocrity on them like you do. It's even more immoral to justify further enrichment at the benefit of only 3-5 people in this country by eviscerating things that made this country great, like profit sharing and stock access
 
RealityNow said:
Government has done a better job than any single individual.... but one would have to respect government to understand that.
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Are you kidding me? Government is the worst group of people in the entire world with money. They lose BILLIONS every year. They pay 600 bucks for toilette seats. Good god, man, did you forget the most recent government shut down? Or how state level governments literally have a new scandal every single year involving misappropriation of funds, pref treatment of contractors who happen to be family friends, etc? Hell, right here in my own town, a couple years back, we had a giant stink, because they wanted to relate a parking lost half the size of a football field....and they wanted 5,000,000 to pay for it, lol. For black top!
 
KevinKohler said:
Don't trust her. If she really cared, she would, as CEO, restructure the pay scales, so that her, and those closest to her, make less, and those employees on the bottom rungs make more.

Rather than having poorer people have more money, she thinks government can be more efficient with it. Which is a freaking joke.
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She is not CEO; in fact, she likely has nothing to do with Disney other than as a probably shareholder.
 
RealityNow said:
Finally... someone is realizing that the average working people should not be down-rated to such a low degree, just to over compensate a CEO... when it is the people who are actually doing the daily work that makes business function.
One can get rid of a CEO and the business continues to function, but it cannot continue to function without the actual daily workers!!!

It's about time this nation turned its focus to respecting the average citizen who is a worker....

Maybe people will start standing up to respect themselves as workers and stop the "worship of the wealthy"... as their main objective.

No average daily worker ever in the history of Industry and Business created the bankruptcy of a company, or made bad deals that destroyed a company, or borrowed against fiction of the stock ticker and over indebted the company, until it was in default or sold off.
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Wow, she is brilliant! Why didn't we think of that? Just hand out money for nothing (and chics for free) to everyone, and all will be well. Maybe just pay all in the company equally, no matter what job they do, how hard they work, or what value they produce for the company. Of course, we'll use the power of government to force this on those who don't agree. What could go wrong?
 
Apparently her generosity with other people's money doesn't extend to herself.

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.”
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KevinKohler said:
Your point being that they are more...or less important to a businesses over all health than executive level leadership?
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They are both important.

You can have the best captain in the world, but if the crew members are less than satisfactory, the ship is not going to perform well in battle.

And, of course, the best crew members cannot make up for an incompetent captain.

All the fingers of a hand have to work together for the hand to do its job.



Have a nice day.
 
RealityNow said:
Finally... someone is realizing that the average working people should not be down-rated to such a low degree, just to over compensate a CEO... when it is the people who are actually doing the daily work that makes business function.
One can get rid of a CEO and the business continues to function, but it cannot continue to function without the actual daily workers!!!

It's about time this nation turned its focus to respecting the average citizen who is a worker....

Maybe people will start standing up to respect themselves as workers and stop the "worship of the wealthy"... as their main objective.

No average daily worker ever in the history of Industry and Business created the bankruptcy of a company, or made bad deals that destroyed a company, or borrowed against fiction of the stock ticker and over indebted the company, until it was in default or sold off.
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If people don't want their money, there is no law preventing them from giving it away as they see fit......no one is forcing her to keep her money.
 
OrphanSlug said:
And your proposal is? (Not saying I disagree with your comments really, just curious what you think could be done about it.)
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First one must identify a problem, then comes a discussion on how to remedy the problem. She has identified the problem, at least one of the problems.
 
RealityNow said:
Finally... someone is realizing that the average working people should not be down-rated to such a low degree, just to over compensate a CEO... when it is the people who are actually doing the daily work that makes business function.
One can get rid of a CEO and the business continues to function, but it cannot continue to function without the actual daily workers!!!

It's about time this nation turned its focus to respecting the average citizen who is a worker....

Maybe people will start standing up to respect themselves as workers and stop the "worship of the wealthy"... as their main objective.

No average daily worker ever in the history of Industry and Business created the bankruptcy of a company, or made bad deals that destroyed a company, or borrowed against fiction of the stock ticker and over indebted the company, until it was in default or sold off.
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That (bolded above) assertion seems to indicate that the employees could (easily?) leave that CEO's establishment and start their own competing business. Somehow that is not so common. As to your closing statement - few corporate workers created their own company/corporation, made good deals which enticed investors to support them and paid their workers anywhere close to what they were making.
 
hanger4 said:
Abigail Disney has a net worth of 500 million, call me when she decides to put her money where her mouth is.
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And that is the irony in all of this. Nothing is stopping her and her list of multimillionaire friends from doing what she claims she is in favor of RIGHT NOW. If she had any character or integrity, she would start a fund where she and all like minded friends could dump their wealth and beging doing what she is claiming the government should do. No force...no coercion...just do it.

Similarly, all the socialists out there that claim that there is a 'better way'...nothing is stopping them from forming their own companies, their own businesses...and running them how they believe they should be run.

But they dont. They roll over and piss themselves and whine about how unfair life is.
 
VanceMack said:
And that is the irony in all of this. Nothing is stopping her and her list of multimillionaire friends from doing what she claims she is in favor of RIGHT NOW. If she had any character or integrity, she would start a fund where she and all like minded friends could dump their wealth and beging doing what she is claiming the government should do. No force...no coercion...just do it.

Similarly, all the socialists out there that claim that there is a 'better way'...nothing is stopping them from forming their own companies, their own businesses...and running them how they believe they should be run.

But they dont. They roll over and piss themselves and whine about how unfair life is.
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The classic " just start your own company" line, its like clockwork
 
Higgins86 said:
The classic " just start your own company" line, its like clockwork
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And yet......

See....you make my point. Its pretty much...like clockwork.
 
RealityNow said:
Finally... someone is realizing that the average working people should not be down-rated to such a low degree, just to over compensate a CEO... when it is the people who are actually doing the daily work that makes business function.
One can get rid of a CEO and the business continues to function, but it cannot continue to function without the actual daily workers!!!

It's about time this nation turned its focus to respecting the average citizen who is a worker....

Maybe people will start standing up to respect themselves as workers and stop the "worship of the wealthy"... as their main objective.

No average daily worker ever in the history of Industry and Business created the bankruptcy of a company, or made bad deals that destroyed a company, or borrowed against fiction of the stock ticker and over indebted the company, until it was in default or sold off.
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Does she realize that she can give it back to her employee's?

so Igor makes 65m dollars.
disney employee's 200k employees.

so even if they take all of igors salary and give it to the employee's they only get 325 dollars.
congrats you did nothing.
 
We don’t have a society structured around fairness right now.
-- Abigail Disney

​

y5kp5hnz

Recent rancor about CEO-to-median-worker pay differentials strikes me as misplaced miserere. I think that for a host of reasons:
  • The actual 2018 median-worker to CEO total compensation pay ratios aren't anywhere near the 500:1 ratio about which Ms. Disney groused.
  • CEOs come in two basic varieties, public and private firm ones. In public firms, the firm's directors decide what to pay the CEO, and in closely held firms, the CEO usually is the primary owner of the firm.
  • In neither case is it the general public's, i.e., society's business what the CEO gets paid, how or why. Moreover, it is the firm and its stockowners, not society, who gain/lose as a result of poor compensation decisions.
  • CEOs in public firms are employees, but their compensation packages differ from other employees in that about 25% to 30% of their total compensation is cash salary and bonus. That is the only part of their pay that's actually comparable to/with "median worker" pay. Once one understands that, it becomes clear that most firms don't actually disburse cash salary even remotely close to the astronomical sums often reported as CEO pay.

    The average median-worker pay is ~$80K/year. To be at 500 times that wage, a CEO's salary and bonus would have to be $40.5M. Yes, a literal handful or so of CEOs have total compensation packages that sum to $40.5M+. (A firm's proxy statements disclose its CEO to median-worker ratio.)

    Why have I pointed out the cash pay vs. non-cash pay components? Because, as the bulk of CEO compensation is non-cash; the stratospheric sums the public hear about derives from CEOs' exercising stock options and other non-salary/bonus elements of CEOs' pay.
  • Because the bulk of CEO pay results from stock compensation, CEO total compensation can serendipitously increase. We all can realize the same.
    • For a petroleum company with large oil reserves, profits increase with oil prices. For a company that exports goods to foreign countries, when the U.S. dollar gets cheaper, profits go up. Firm profit increases resulting from such phenomena are outside a CEO's or investor's control, but both benefit from them. It's just that firms give CEOs larger quantities of stocks/options than the average person buys.
  • Providing benefits to society is, at best, a firm's subordinate raison d'etre. Firms exist to produce profits for their owners. One of the things firms do extremely well, and that many individuals do poorly, is remain laser-focused on their primary goal: making money for their owners. If, in the course of providing goods/services, society benefits too, fine, but that's now why firms produce anything. Nonprofits and governments exist to benefit society; for-profit firms don't. Unless and until the US becomes a command economy, firms aren't going to.
  • Firms hire workers because the demand for their goods/services outstrip the ability/will of the owners to produce them. Lastly, firms, like all buyers, aim to purchase labor, all their labor, including the CEO's, at the lowest price they can get away with paying; however, CEOs, like all sellers, attempt to sell at the highest price they can.

    What buyer or seller is concerned with what other buyers/sellers pay for the stuff they buy/sell? Frankly, none who're focused on the right things. If I buy a car, I care not what "you" paid for the same care that I pay a price that suits me.
  • Disproportionate CEO to median-worker pay ratios result primarily from weak boards. If a CEO (or CEO candidate) recognizes the firm's board is weak, s/he will exact as much pay as possible. Emplacing strong boards is the role of a firm's owners, period. And again, the consequences of board weakness are stockholder consequences; nobody else's.
At the end of the day, I think complaining about CEO pay is little but "everyone's" covetous complaining about matters that, for the most part, aren't their concern. The members of the general public have a simple solution: don't patronize firms (buy the goods/services or stock) that pay their CEOs more than one thinks the CEO should be paid. Sooner or later, the firms and their boards will get the message.
 
americanwoman said:
I do think CEO's pay is outrageous but....



:roll: Bitch, please with your "measly" few hundred million, you could help literally hundreds of millions of people.
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Not really.

Disney Igor makes 65m dollars a year
disney employee's 201k people.

even if you take away his entire salary they only get 323 dollars and some change.
you really didn't help them at all.
 
Higgins86 said:
The classic " just start your own company" line, its like clockwork
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No we are simply pointing out their hypocrisy.

All these rich people could already do what they want to do. without the threat of the government gun.
why do they need a government gun pointed at their head to do these things?

Yes if you want to pay your employees more than the job wants and not really make anything yourself
then you are free to do so.

nothing is stopping you. what you don't get to do is tell someone else how to run their business.
 
ludin said:
Not really.

Disney Igor makes 65m dollars a year
disney employee's 201k people.

even if you take away his entire salary they only get 323 dollars and some change.
you really didn't help them at all.
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The lady in question has a net worth of 500 million, my post wasn't about any Igor.

You cannot tell me she does not have the means to help out millions of people without the help of the government taxing her.
 
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