Bob Iger compensation for 2013

[bethymouse]

The sports stars and celebrities are even worse in the "no one deserves to make that much $" category! I just think that millions of $$$ could be spent elsewhere in a company rather than company jets, dinners, parties, etc... IMHO.

While I agree with the post about Wall Street loving short term gains, Iger actually seems to play the long game more often than not. The Marvel and Lucasfilm purchases were not/are not short term pay off. He has stated his strategy of building long term "brands" that Disney will be able to profit from over a multi-decade ark. Most people who are going for the quick buck tend to sell off assets/divisions, not collect more of them.



I find this interesting, many people feel it is fine for George Clooney, Lady Gaga, or Tiger Woods to make millions upon millions but someone who keeps hundreds of thousands employed and millions of folks retirement accounts viable doesn't deserve the money. Of course I DO NOT know if the posted believes the sports stars/celebs are entitled to the money of if they also fall into the no one deserves category.

 

[bethymouse]

Don't forget about weathermen/meteorologists! They screw up constantly and get away with it!

You keep saying "who keeps hundreds of thousands".
That is not always true. the CEOs nowadays will and do pull the maneuver of culling a big chunk of the company workforce all the time to improve their ratting.
Most CEOS dont give a damn about normal employees ( as they can be replaced easily.)
Every current ceo wants more for less or close to nothing.
Aka force employes to work HARDER for LESS. so they can justify paying themselves MORE.

most CEO jobs are also of no risk. I have yet to see a CEO going to jail for destroying a huge company. They 99% of the time get a huge hefty bonus after being removed.
Id say the CEO position of a corporation is of the few jobs that pay them for screwing up something.

 

[Jimmy Thick]

This really is a non-story.

Seriously, if people think Iger is over paid, I suggest everyone who feels that way to put their money where their mouth is and take a pay cut themselves in their job so that money can go for something Iam sure their employer will find worth while.

Jimmy Thick- Anyone? Anyone?

 

[unkadug]

This really is a non-story.

Seriously, if people think Iger is over paid, I suggest everyone who feels that way to put their money where their mouth is and take a pay cut themselves in their job so that money can go for something Iam sure their employer will find worth while.

Jimmy Thick- Anyone? Anyone?

Do you vehemently disagree with everything that doesn't come out of your mouth?

 

[BigTxEars]

Probably the only way that CEO compensation will be changed is when the CEOs themselves realize that they are simply an employee as well.

That would mean that everyone in any company should make the same money? If not what is a fair breakdown between pay differences? Who decided that? You willing to reduce your pay at work to that of everyone else you work with in the name of fairness? I sure am not, I have much more responsibility than them.

These threads seem full of jealousy and envy more than any rational thought process about compensation.

 

[Pumbas Nakasak]

the concept of letting a non thread die is too difficult for some the comprehend.

Dobberlicious.

 

[Pumbas Nakasak]

That would mean that everyone in any company should make the same money? If not what is a fair breakdown between pay differences? Who decided that? You willing to reduce your pay at work to that of everyone else you work with in the name of fairness? I sure am not, I have much more responsibility than them.

These threads seem full of jealousy and envy more than any rational thought process about compensation.

Thats communism in a glass right there

 

[Cesar R M]

sorry, double post.

 

[Cesar R M]

Don't forget about weathermen/meteorologists! They screw up constantly and get away with it!

Except the technology for prediction just doesnt exist.
Its just like people who can give an estimate of when a earthquake might happen, but there is still no way to know WHEN IT WILL EXACTLY happen.

huge difference... also a weatherman is just a pretty face that knows to dumb down complex meteorology therms for the public. the people who are behind this man are the ones who study and give the estimates.

Thats communism in a glass right there

agree.. pure communism never works due of corruption, accumulation of power on the "leaders"... and the stagnation (aka no incentives to improve)

the perfect economy will NEVER BE pure capitalism (bubbles, monopolies, collapses) nor pure communism (concentration of power, corruption, lack of incentive to improve).

This really is a non-story.

Seriously, if people think Iger is over paid, I suggest everyone who feels that way to put their money where their mouth is and take a pay cut themselves in their job so that money can go for something Iam sure their employer will find worth while.

Jimmy Thick- Anyone? Anyone?

Except normal people do not earn 10+ millions per year of bonuses (plus normal salary).
a normal employee who makes a mistake will get either warned or fired on the spot... CEOS will still get their happy bonus after being kicked out.

 

[Matt_Black]

Except normal people do not earn 10+ millions per year of bonuses (plus normal salary).
a normal employee who makes a mistake will get either warned or fired on the spot... CEOS will still get their happy bonus after being kicked out.

Heck, not even just that. What about the banker or CEO or whatever who was found guilty of committing a crime, but the judge let him off because prison time would have been detrimental to American business or some such rubbish?

 

[BigTxEars]

Except the technology for prediction just doesnt exist.
Its just like people who can give an estimate of when a earthquake might happen, but there is still no way to know WHEN IT WILL EXACTLY happen.

huge difference... also a weatherman is just a pretty face that knows to dumb down complex meteorology therms for the public. the people who are behind this man are the ones who study and give the estimates.


agree.. pure communism never works due of corruption, accumulation of power on the "leaders"... and the stagnation (aka no incentives to improve)

the perfect economy will NEVER BE pure capitalism (bubbles, monopolies, collapses) nor pure communism (concentration of power, corruption, lack of incentive to improve).





Except normal people do not earn 10+ millions per year of bonuses (plus normal salary).
a normal employee who makes a mistake will get either warned or fired on the spot... CEOS will still get their happy bonus after being kicked out.

Communism does not work because it is against human nature. Pure and simple. Capitalism is the most successful type of economic system in history for a reason, it is a returns / reward based system. Fits right into basic human nature, I want, I work towards and I recevie. Goes back to basic hunters and gatherers I would think.....

"Normal" employees make mistakes all the time and do not get fired nor reprimanded, not sure where that statement from you is based. CEOs are let go just as "normal" people are, and yes they often get large amounts of cash on the way out. All part of the package they accept when they take the position, nothing wrong with it all. If the market demanded that same type of compensation pacakge would be built into all types of "normal" jobs but it does not.

Of course "normal" people do not make $10 million a year, that is not a negative reflection upon those that do. So many people ready to attack and berate those who make these type of paydays, and none among those critics would turn down a dime of it IMO. Hypocritical to a fault I guess...petty jealousy and envy are basic human natures as well. CEOs are not "normal" employees, they have skill sets that are well above the "normal" employee and thus they are composted for it. I make a pretty darn good living, but my CEO makes many many many times what I do, and deserves every penny of it.

 

[Matt_Black]

Communism does not work because it is against human nature. Pure and simple. Capitalism is the most successful type of economic system in history for a reason, it is a returns / reward based system. Fits right into basic human nature, I want, I work towards and I recevie. Goes back to basic hunters and gatherers I would think.....

"Normal" employees make mistakes all the time and do not get fired nor reprimanded, not sure where that statement from you is based. CEOs are let go just as "normal" people are, and yes they often get large amounts of cash on the way out. All part of the package they accept when they take the position, nothing wrong with it all. If the market demanded that same type of compensation pacakge would be built into all types of "normal" jobs but it does not.

Of course "normal" people do not make $10 million a year, that is not a negative reflection upon those that do. So many people ready to attack and berate those who make these type of paydays, and none among those critics would turn down a dime of it IMO. Hypocritical to a fault I guess...petty jealousy and envy are basic human natures as well. CEOs are not "normal" employees, they have skill sets that are well above the "normal" employee and thus they are composted for it. I make a pretty darn good living, but my CEO makes many many many times what I do, and deserves every penny of it.

"There are those who argue that everything breaks even in this old dump of a world of ours. I suppose these ginks who argue that way hold that because the rich man gets ice in the summer and the poor man gets it in the winter things are breaking even for both. Maybe so, but I'll swear I can't see it that way."- Bat Masterson

 

[Jimmy Thick]

Except normal people do not earn 10+ millions per year of bonuses (plus normal salary).
a normal employee who makes a mistake will get either warned or fired on the spot... CEOS will still get their happy bonus after being kicked out.

Terrible analogy.

Why should a CEO, who's doing an amazing job have to apologize because he makes fair market value? He is in charge of a billion dollar corporation and has to keep that billion dollar corporation running smoothly, and appease stockholders.

Here is a good analogy.

2 people get hired for the same job. One person, when asked how much he wants to make an hour, says he don't care, and gets minimum wage. The second person, who has the same qualifications says 15 dollars an hour. Both gets hired at the pay they requested in the interview. Should the person who got 15 dollars an hour feel bad for the guy who got minimum wage?

Same thing, just more money.

Jimmy Thick- And no, they should not feel sorry, not at all.

 

[BigTxEars]

"There are those who argue that everything breaks even in this old dump of a world of ours. I suppose these ginks who argue that way hold that because the rich man gets ice in the summer and the poor man gets it in the winter things are breaking even for both. Maybe so, but I'll swear I can't see it that way."- Bat Masterson

Things don't "break even" unless folks work to make it so for themselves. Just the way it should be IMO. Want what the other guy has? Go earn it, simple enough. Can't earn it because you lack the skills they do? How is that their fault? To belittle his right to have it because you don't or can't is simply envy and jealousy, nothing more.

If everybody had the ability to be a CEO of a multi billion dollar company, throw a football 50 yards or act in a 150 million dollar movie then the pay scale would be much much lower. But they do not so it is not. Simple market values at work.

 

[John]

Man I want to go all political here.....but I wont, good bye.

 

[Matt_Black]

Things don't "break even" unless folks work to make it so for themselves. Just the way it should be IMO. Want what the other guy has? Go earn it, simple enough. Can't earn it because you lack the skills they do? How is that their fault? To belittle his right to have it because you don't or can't is simply envy and jealousy, nothing more.

If everybody had the ability to be a CEO of a multi billion dollar company, throw a football 50 yards or act in a 150 million dollar movie then the pay scale would be much much lower. But they do not so it is not. Simple market values at work.

That is so cute and naive.

 

[BigTxEars]

That is so cute and naive.

What should the CEO of Disney be paid in your view? What is a "fair" amount?

 

[Matt_Black]

What should the CEO of Disney be paid in your view? What is a "fair" amount?

I was more referring to your implied notion that poor people are poor because they don't work hard enough.

 

[BigTxEars]

I was more referring to your implied notion that poor people are poor because they don't work hard enough.

Where did I imply that? Because I said that a person who wants more should go out and earn it instead of complaining about others who already have it and don't "deserve" it? How does that have to do with "poor" people not working hard enough? Where were "poor" people even mentioned? This is about a group of people bashing a man (Iger) based on what he makes, as if they would dramtically reduce their own pay if they were in his shoes in some crazy attempt at "fairness" with the "common" man. I don't buy it for a second. Jealousy and envy is what it reeks of to me.

The very essence of this forum (Disney) is a company based on a man with a incredible skill set, a man who turned that skill set into a dollar or two for himself. I think Walt deserved every penny.

 

[Matt_Black]

Don't work harder work smarter. Some jobs lend themselves to more money then others butt some of these CEO's end up as very shallow twisted people. Everything thing has a down side.

Okay, do you think the average executive works smart enough to merit a pay that's roughly 350 times that of the average worker? That's the largest gap in any nation (for example, I think the difference between executives and workers in Japan is 10:1).