35% pay raise for iger

[Jimmy Thick]

Well, in their defense, I think it does matter to the thousands of castmembers who have lost their jobs the last couple years - so Iger could get that bonus. But again, business is business.

Iger's bonus has absolutely nothing to do with cast members who have lost their jobs. The cast members who lost their jobs, lost them because they were not needed so the company could run more profit. Its decisions like firing those people, there for creating more shareholder value, that entitles Iger to bonuses like the one he received.

Yes, its not nice, but its the way modern business is run. When Disney needs those cast members back, Iam sure they will get a call.

Jimmy Thick- think beyond what you know...

 

[menamechris]

Iger's bonus has absolutely nothing to do with cast members who have lost their jobs. The cast members who lost their jobs, lost them because they were not needed so the company could run more profit. Its decisions like firing those people, there for creating more shareholder value, that entitles Iger to bonuses like the one he received.

Yes, its not nice, but its the way modern business is run. When Disney needs those cast members back, Iam sure they will get a call.

Haha, you kinda said what I said in a different way. Yes, Iger's bonus is based on profit to the company. That profit was made by cutbacks. The most significant of those cutbacks being employees and reduced payroll. We are actually agreeing. As far as the company not needing them - that's a matter of opinion. Do the parks still operate under skeletal staffing? Sure. Does it affect the guest experience? A lot of people say yes - myself included. But it's not my call, and Iger's gotta do what he's gotta do to make as much money as he can for the company and himself.

 

[Pumbas Nakasak]

4.5% increase but what was it given that costs are allegedly up too? Seems rather excessive given such potential modest recovery.

Id imagine shareholders may be interested in his little reward.

 

[Foolish Mortal]

Have you ever seen an executive's workload or schedule?

We can agrue about if they are making a resonable salary or not, but to suggest that they are not doing 'real work' sounds more like sour grapes and poor me attitude.

-dave

Not to drift to far off the conversation or sound agruementative but why shouldn't hard working deserving employee's get a little piece of the pie ? I do enjoy my job and for the most part have no major issue's, but I work in every possible weather condition in the suburban Philly area, work in attics, basements, crawl spaces and sometimes outright disgusting unkept homes. Plus try working on a busy road where people don't wanna slow down or care about my safety because they are worried about their needs. Yes executives have busy schedules, but I shouldn't be entitled to some of the cash cow just because I don't have some kind of degree and sit in a cushy office ?

 

[Phonedave]

Not to drift to far off the conversation or sound agruementative but why shouldn't hard working deserving employee's get a little piece of the pie ? I do enjoy my job and for the most part have no major issue's, but I work in every possible weather condition in the suburban Philly area, work in attics, basements, crawl spaces and sometimes outright disgusting unkept homes. Plus try working on a busy road where people don't wanna slow down or care about my safety because they are worried about their needs. Yes executives have busy schedules, but I shouldn't be entitled to some of the cash cow just because I don't have some kind of degree and sit in a cushy office ?

There is that word.

You are not entitled to anything except the right to work hard and try to get ahead.

Same as me, same as Iger, same as every other person in this Country (in the World really).

We have become a society that instead of saying "Wow, look how much that guy makes, let me see what I can do to get up to his level" instead says "Look how much that guy makes, he should feel guilty, lets see what sort of social programs we can enact to break him down to my level"

Do you know when my life began to change, and I got the 'cushy office'? When I stopped thinking the second way, and began to think the first way.

And now I will leave it at that, as this thread is quickly flirting with the non-political nature of these boards.

Edit: I just looked at your profile, I am going to hazard a guess and say at one time we had very similar jobs. I am guessing you are an installation tech. I used to be an I&M supervisor - that was many years, and a number of job changes ago.

-dave

 

[WDW FTW]

Hey the man deserves it.

Like stated earlier Disney is much more than the parks, even though they are probably my favorite.

Iger brought back the Disney Store, which in case anyone forgot, Eisner gave away to another company...

He also was responsible for the acquisition of Pixar and Marvel, who knows where Pixar would be if those issues weren't sorted out. And Marvel is a strategical gold mine with Universal involved. I say keep up the good work.

 

[Foolish Mortal]

Dave, before I hopefully walk away from this topic, maybe entitled was the wrong word perhaps I should have used "deserving" ? Me personally, I don't want to bring anyone above me down to my level, they worked to get to where they are and I respect that. I just think these CEO types raises and bonuses are excessive year after year.

With that I think I'll step away from this topic. I hate when these things get ugly and I don't want any part of an opinion war. Not here to make enemies.

And yes, I am an installation tech.

 

[Phonedave]

Dave, before I hopefully walk away from this topic, maybe entitled was the wrong word perhaps I should have used "deserving" ? Me personally, I don't want to bring anyone above me down to my level, they worked to get to where they are and I respect that. I just think these CEO types raises and bonuses are excessive year after year.

With that I think I'll step away from this topic. I hate when these things get ugly and I don't want any part of an opinion war. Not here to make enemies.

And yes, I am an installation tech.

Cool,

No worries.

Entitled is a word that many people throw around without thinking about it. This is a subject that is close to home for me, because my feelings on it came from a lot of introspection. I once felt the way many do - "what makes that person so great? Management is clueless, etc" and after a lot of reading, and after having a real mentor in business, my attitude changed. Now my attitude is "What makes that person so great? Let me find out so I can do it to." Sometimes I slip, sometimes the old thoughts creep in, I'm not perfect, but I am trying. It has made me a much happier (and more successful) person.

And I know the job you do. I have been in the roach/rat infested crawspaces. Up a pole on hooks a blind curve and tractor trailer come by and take chunks out of the pole. The sinking feeling in your stomach when the call comes in at 4:00 AM that a major circuit is down and you have to mobilize your crew. It has its' not so fun moments, but then that's why they call it work

-dave

 

[Mansion Butler]

Sure you would. Why not turn back some of the salary you are currently making, just to 'help out'.

-dave

I think it's a little cynical to dismiss him like that. I'll bet a lot of people here would.

But if things besides money are more important to them, they would probably never be in the position to make that decision (and this is not a criticism to those who are very good at and interested in amassing money above all).

 

[Phonedave]

I think it's a little cynical to dismiss him like that. I'll bet a lot of people here would.

But if things besides money are more important to them, they would probably never be in the position to make that decision (and this is not a criticism to those who are very good at and interested in amassing money above all).

The question is, why, just because Iger makes more money, should he be expected to turn some back.

What is good for the goose is good for the gander. If the OP thinks it is necessary for Iger to turn back, say 25% of his salary for the good of the company (a publicly traded company by the way) then he should feel just as obligated to turn back 25% of HIS salary to help out wherever he works.

If that is not the case, then he needs to question his real motives as to why he thinks Iger should turn the money back.

There are a lot of things that are more important to me than money, but nobody is going to make me feel guilty for earning what I do, and nobody is going to claim they are entitled to a portion of my salary because they are worse off than I am. I may (and do) give some of my money to those worse off, but woe to those who suppose to have a claim on it.

-dave

 

[Mansion Butler]

The question is, why, just because Iger makes more money, should he be expected to turn some back.

Oh, I don't think he should. I think I've agreed with everything you've said in this thread other than what I responded to.

 

[Bravo 229]

What does he need with that much extra money? If he would put some of it back into the company, they could use some of it to better the areas where they need improvement, or even pay out a special one time bonus to their employees.

 

[menamechris]

What does he need with that much extra money? If he would put some of it back into the company, they could use some of it to better the areas where they need improvement, or even pay out a special one time bonus to their employees.

Because quite frankly, we work to improve our own social standing. People in management tend to NOT have the same passion for a product that its consumers do. Their job is to work hard to instill that in us. Let's face it, Walt Disney was great and sacrificed for the company because it was HIS company with his name. Iger and all the other executives will work the job until they receive a better offer and salary somewhere else. It's not personal to them. It's just business. I am not saying one theory is right or wrong, or someone is good or bad for the financial decisions they make in that position. I can see both sides. We saw in Detroit what happened when the goverment had to bail out car companies because CEO's were taking more than their share. Or what has happened on Wall Street. But it is up to the company's Board to decide what it fair, reasonable, and within their means.

 

[menamechris]

Not to drift to far off the conversation or sound agruementative but why shouldn't hard working deserving employee's get a little piece of the pie ? I do enjoy my job and for the most part have no major issue's, but I work in every possible weather condition in the suburban Philly area, work in attics, basements, crawl spaces and sometimes outright disgusting unkept homes. Plus try working on a busy road where people don't wanna slow down or care about my safety because they are worried about their needs. Yes executives have busy schedules, but I shouldn't be entitled to some of the cash cow just because I don't have some kind of degree and sit in a cushy office ?

I think Universal has set an example of this when they gave their employees a bonus this last month because of their amazingly increased profits. I think that bonus was based on actual profit. Iger's bonus seems to be more of a reward for cost cutting and unloading divisions of the company. It's not so much about "profit" as much as the Board showing shareholders their confidence in him... It's all just corporate politics.

 

[powlessfamily4]

Look people... execs receive perks. Increases from profits is part of the package. It may seem glamorous at the top, but it is also a lot of hard work. I am always amazed at the number of people who feel they are working harder than anyone else and they deserve more. If you want more, go back to school , earn the degrees and make it happen. If you have the degrees already, your future is in your hands. What you do with it is up to you. Claim his job, Oust Iger and run things the way you want it. I do believe to weigh in with judgement, of situations where we are not privy to all of the information, is not wise.

Take a page out of Walt's book and aim high in your own lives. You may find yourself one day as that person with the 35% increase. You can then do as you say you would, and give it all ot your employees or invest it back into the park. Because I know none of you would keep it for yourselves... right?

 

[Pumbas Nakasak]

Some people actually believe that crap. Its always been largely about who you know rather than ability. And statistically the wage divide is growing but recent events hardly support the case that todays executives are incrementally better than their predecessors. And as for education work hard study and you too can join the ranks of the graduate unemployed.

Good to see the dream is still alive.

 

[menamechris]

Some people actually believe that crap. Its always been largely about who you know rather than ability. And statistically the wage divide is growing but recent events hardly support the case that todays executives are incrementally better than their predecessors. And as for education work hard study and you too can join the ranks of the graduate unemployed.

Good to see the dream is still alive.

I agree completely. The corporate world is as much a game of chance as anything. Not to mention, there is typically a high price to be paid for such positons - like I dunno, selling out your ethics and morals. I hope thats not true with the Disney company, but it sure is true for a lot of them.

 

[draybook]

The question is, why, just because Iger makes more money, should he be expected to turn some back.

What is good for the goose is good for the gander. If the OP thinks it is necessary for Iger to turn back, say 25% of his salary for the good of the company (a publicly traded company by the way) then he should feel just as obligated to turn back 25% of HIS salary to help out wherever he works.

If that is not the case, then he needs to question his real motives as to why he thinks Iger should turn the money back.

There are a lot of things that are more important to me than money, but nobody is going to make me feel guilty for earning what I do, and nobody is going to claim they are entitled to a portion of my salary because they are worse off than I am. I may (and do) give some of my money to those worse off, but woe to those who suppose to have a claim on it.

-dave

Not that I'm taking sides but I thin that 25% of 28 MILLION is going to do a lot more than 25% of however much that poster makes.


I know the exact feeling though. I remember when I was with FedEx and they announced that we would be getting the Purple Promise bonus. It was a whopping 1% of our annual salary, and when most of the people there are part time, it didn't equal crap. Of course most of management was getting big time bucks.

 

[DisneyNut2007]

I don't think he deserves it. Since he took over, the Disney parks have taken a dive. Eisner was a jackwagon, but at least he knew how to run the corporation. Disney parks needs a replacement.

Sorry, but like so many other losers on here, you are wrong and you know it!

End of story.

 

[powlessfamily4]

Some people actually believe that crap. Its always been largely about who you know rather than ability. And statistically the wage divide is growing but recent events hardly support the case that todays executives are incrementally better than their predecessors. And as for education work hard study and you too can join the ranks of the graduate unemployed.

Good to see the dream is still alive.

I respectfully disagree..... I came into it years ago after being a stay at home mom. I started as a receptionist and worked my butt off and went above and beyong to prove I was serious about my job. I didn't know anyone going in and I NEVER compromised my morals or ethics. I am not "the" top executive but I am 3rd in command in the east and I worked hard for it.


Work hard, stay positive and dare to dream. :wave: