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Abigail Disney's Twitter thread on Executive pay and furloughing Cast Members during COVID-19
- Thread starter ptaylor
- Start date
Mickeyboof
Well-Known Member
Weird that the many will always protect the few getting their million dollar bonuses.
So odd to me.
So odd to me.
ImperfectPixie
Well-Known Member
I don't get it either. Personally, I'm of the opinion that executive pay packages are way beyond out of control and that the front-line employees should be better compensated because without them, the business wouldn't exist. (I'm not just talking about Disney here.)
It is absolutely possible to have huge profits and excellent executive compensation packages, while still treating ALL of your employees as if they count.
the.dreamfinder
Well-Known Member
Why are senior executives not giving up their stock options if they are receiving compensation cuts? Are stock options not a form of compensation?
Not her again, she's definitely not Lillian Disney. No wonder she's considered the black sheep of the Disney family.
Compensation is more than salary at that level.
Andrew C
You know what's funny?
Maybe I’m just ignorant of the facts, but how would giving up stock options help cast members or the company?
Robbiem
Well-Known Member
I have to say I agree with a lot of what she says. Disney isn’t unique in this but its not right that people who can’t afford it are loosing their jobs while the rich senior management feather their nests with bonuses. It reminds me of the 2008 banking crisis here in the UK.
once you loose goodwill and trust you never recover and Disney runs the risk of this on top of the other covid fallouts
once you loose goodwill and trust you never recover and Disney runs the risk of this on top of the other covid fallouts
the.dreamfinder
Well-Known Member
By itself, it wouldn’t.
What it would do would be is an actual pay cut, not chopping off base salary.
The thrust of the point being senior execs get to keep most of their compensation, after cuts, but front line CMs get furloughed with the potential to not having a job to come back to when this is over.
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the.dreamfinder
Well-Known Member
Honesty. When executives like Bob or Bob C say they are giving up all or part of their pay, that has to include stock options since they derive so much of their income from them.
threvester
Well-Known Member
arent most making more with unemployment? I thought they were getting an extra $600/week for a couple months, or maybe i misunderstood the stimulus package
ImperfectPixie
Well-Known Member
Some are, but that's only for a small amount of time and stops at the end of July. Also, once taxes (and COBRA, should they need to get it) are taken out, it's not nearly the boon some like to claim it is.
My husband, for example, is taking home slightly less even after the $600 federal bump. And here in MA, you HAVE to have health insurance or you will face a fine.
the.dreamfinder
Well-Known Member
The extra money is supposed to be an incentive to not go out and get another job for that group of workers.
brb1006
Well-Known Member
Abigail Disney when ever she speaks out about Disney nowadays, knowing she's not that beloved in the Disney Family and the Disney community as a whole.
Depending on their original pay, they may be making more, maybe less. Bigger problem is that the vast majority of people have not been able to even register, and of those that have, only a tiny fraction have received any money.
Magenta Panther
Well-Known Member
Abigail Disney is a slob, a leech, a panderer, and a fool. She lives very nicely off the financial legacy her granduncle shed blood, sweat and tears building (and suffered 2 nervous breakdowns over it, in addition), while slandering him in order to please her left-wing friends, which she bought with Walt's money. She is the epitome of the "idle rich". If she cares so much, let her sell off that evil Disney stock and other assets and donate it to aid the fight against the virus and help those thrown out of work. Then maybe she could, like, get a job or something. Nuts to that ignorant poser.
threvester
Well-Known Member
Is the auto enroll not working well? I thought Disney set something up with the state.
The auto-enroll only gets the CMs as far as automatically entering basic profile info. They then have to fight with the system to complete the enrollment and then wait for payment. It hasn't really been much of a help from what I can gather.