35% pay raise for iger

[Pumbas Nakasak]

Sorry too much of a cynic for the live the dream.

However Id suggest that hard work and aptitude isnt a guarantee of advancement, there's a fair degree of luck and being in the right place at the right time. and we can only create so much luck for ourselves.

I consider myself fortunate to have had a good second career after 23 years of service, but it was luck having a director taking me on. Many of my fellow servicemen who were equally able arent so lucky.

 

[menamechris]

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:

That's awesome! How do you spend your multi-million dollar bonuses?

Kidding aside, don't think anyone is knockin' hard work and education, but plenty of people with law degress and Ph.D.'s waiting tables right now. I have even met some at Disney. Times are tough, it's competitive, and there simply aren't that many "at the top" jobs for the hundreds of thousands of college graduates.

Good for you though! I don't doubt you worked hard to get where you are at.

 

[Foolish Mortal]

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.

And that will be their LAST bonus..........trust me !!

 

[powlessfamily4]

That's awesome! How do you spend your multi-million dollar bonuses?

Duhhhhh.... I go to WALT DISNEY WORLD!!! :ROFLOL::ROFLOL:

 

[WDW_Princess]

I think Eisner:fork: did a lot for Disney. I have yet to see as much from Iger. Is he really worthy of that kind of pay?

 

[Phonedave]

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.

Of course it would. But why should someone who makes more money be asked to give up a quarter of his salary when somone who makes less is not asked to do the same thing?

When did it become a crime to be successful? Why is it that anyone who makes money is automaticly a 'fat cat' in a 'cushy job'? How come people who are at the bottom of the pay scale are referred to as 'hard workers' who do not 'get what they are entitled to'? Maybe the person at the top is the hard worker, and the people at the bottom are getting what they deserve. Wow, it's a tough concept to stomach I know. People love to root for the underdog, and it is a lot easier to feel warm and fuzzy inside when you say 'look at that poor person, they need help'.

Are there people in low paying jobs who have had bad luck and depsite the fact they work hard and try to get ahead, things just go wrong? - sure there are. Just as there are people in high paying jobs who got there with no skills. Or, even worse, the skills they have are the ability to take money from others.

The concept of 'we are going to take a larger percentage of your money beacause you make more' smacks of punishing success to me.

-dave

 

[Pumbas Nakasak]

No one except you has used the term fat cat, and I dont think anyone has said people shouldn't be rewarded. Its the level of reward and the fact that its awarded by their colleges who receive equally generous remuneration. And given that most stock is managed by institutional investors on equally beneficial schemes there appears to be little in way of a control mechanism.

But the rest of your post is quite comical.

Up the Workers Comrades.

 

[Phonedave]

No one except you has used the term fat cat, and I dont think anyone has said people shouldn't be rewarded. Its the level of reward and the fact that its awarded by their colleges who receive equally generous remuneration. And given that most stock is managed by institutional investors on equally beneficial schemes there appears to be little in way of a control mechanism.

But the rest of your post is quite comical.

Up the Workers Comrades.

Matters of opinion my friend. I know better than to try and argue those with you. Unfortunately, much like myself, you appear to be quite strong in your convictions (as erroneous as yours may be).

Let's all read Atlas Shrugged together.

-dave

 

[MileLongBar]

And that will be their LAST bonus..........trust me !!

No it won't. I work there, it will not be the last bonus at all Universal is raking in profits right now. Plus Universal knows how to treat there employees especially at the loews run resorts.

 

[njDizFan]

Matters of opinion my friend. I know better than to try and argue those with you. Unfortunately, much like myself, you appear to be quite strong in your convictions (as erroneous as yours may be).

Let's all read Atlas Shrugged together.

-dave

who is John Galt??

To be honest 30 million for a CEO of a fortune 500 company is really not that exorbitant. Just look at the salaries and bonus of Wall street execs, not to mention top actors and professional sport players.

That aside, earning 1000 times more than the average American or even 200 times more than an educated white collar professional seems excecsive. I am all for compensation being alloted to the brightest and best but the ratios have really gotten skewed.

Compare that to just 40 years ago when your boss might have made 20 times more than his workers.

 

[Mammymouse]

I'm not trying to sound flippant here but just how many degrees and what does a future CEO have to learn in college to make him or her qualified for those top positions? Just curious. I'm thinking real experience and natural talent probably are 90% of what make them special. You know Walt had minimal formal education by today's bureaucratic educational "system".

 

[Foolish Mortal]

No it won't. I work there, it will not be the last bonus at all Universal is raking in profits right now. Plus Universal knows how to treat there employees especially at the loews run resorts.

IF you get another bonus in the future I would love to hear it. Your new owner doesn't spread the wealth around to non executives. That was why I made my statement.

 

[Wilt Dasney]

who is John Galt??

To be honest 30 million for a CEO of a fortune 500 company is really not that exorbitant. Just look at the salaries and bonus of Wall street execs, not to mention top actors and professional sport players.

That aside, earning 1000 times more than the average American or even 200 times more than an educated white collar professional seems excecsive. I am all for compensation being alloted to the brightest and best but the ratios have really gotten skewed.

Compare that to just 40 years ago when your boss might have made 20 times more than his workers.

Good post. I feel like there's a real double standard in discussions like these, where any workers at the bottom of the pyramid requesting a larger slice of the pie are accused of having an "entitlement" mentality, while CEO salaries are defended in the exact same terms — i.e., their education and skills entitle them to what they make.

It seems like a very useful way of thinking — if you happen to be at the top, anyway.

 

[Chef Mickey]

This might have been said, but DIS common is up over 40% since Iger took over while the S&P is only up about 11%.

Like it or not, this is a publically traded company that is trying to increase shareholder value. Iger has done a good job at that.

How you see the parks is an entirely different story. And he did see them through an incredibly difficult economy.

Do I agree with everything he does? Surely not. However, CEO compensation is lucrative when the companies they lead do well. As a DIS shareholder, I am pretty happy too. As a DIS fan, some of his moves are questionable.

And I love how the common folk say things like, "Give me just $100,000 of that and I'll be happy!" or, "I don't even get a 5% raise!" That's another story, but unforunately, you and me don't have 1/100000th the imact Iger has on an $80b company. It's a whole different ballgame at that level.

 

[Phonedave]

I'm not trying to sound flippant here but just how many degrees and what does a future CEO have to learn in college to make him or her qualified for those top positions? Just curious. I'm thinking real experience and natural talent probably are 90% of what make them special. You know Walt had minimal formal education by today's bureaucratic educational "system".

Exactly,

I like to think that I am a pretty intelligent person. (opinions vary of course, but lets pretend for now)

I have been in business meeting with some senior management. SVP type people. They just amaze me. They can remember something you put in a slide on a read out deck you did 6 months ago, and recall it off the top of their head in a meeting because now you have presented it in a different way.

"Didn't you project a 5% take rate before and now you have come in at 4%?" Some of these people can connect facts and figures off the top of their head at blinding speeds. I am a data junkie, I will chug through reams of data and build pivot tables that make peoples eyes glaze over, but it takes me time. Most of the senior management I have met have an inherent ability to recall facts from memory and put the puzzle together while still speaking to you. That's something that only comes from experience and an innate talent. I am getting better at it, but there is still room for improvement (there is always room for improvement)

-dave