Vegas Disney Fan
Well-Known Member
Both the janitor AND the CEO agreed to their compensation package before they were hired.
The CEOs bonus isn’t a bribe, it was pre established as a form of compensation if they met certain thresholds.
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News Disney World Cast Member unions to begin week of negotiations for wage increases, healthcare costs and more
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Both the janitor AND the CEO agreed to their compensation package before they were hired.
The CEOs bonus isn’t a bribe, it was pre established as a form of compensation if they met certain thresholds.
TrainsOfDisney
Well-Known Member
The CEO’s salary / bonus stays the same year after year?
The “bribe” was in reply to a poster that said the CEO wouldn’t have any motivation to actually do his job without the bribe.
Vegas Disney Fan
Well-Known Member
The bonus is to get the CEO to take the job in the first place. Iger makes something like $2 million a year in guaranteed salary, it’s a ton of money for a normal person but when you factor in there’s only a handful of people in the world that have the experience to run a multi billion dollar company every one of them is in very high demand.
If the only compensation was salary they’d have to offer $20 million a year to secure one of those people, but why pay them upfront when the other option is pay them the same amount only if they meet established criteria? From a business perspective it makes sense.
The reason janitors don’t get the same offer is there’s tens of millions of people who can do that job. The same reason a professional athlete makes so much more than the ticket taker at the stadium. One position consists of a couple dozen qualified applicants worldwide, the other position can be done by literally hundreds of millions of people worldwide.
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"They need" - I pointed out who you can contact.
TrainsOfDisney
Well-Known Member
That’s not the point I was making at all. I don’t think a janitor should make the same as a CEO and never implied that.
The CEO renegotiates his salary correct? Even after he’s initially been hired?
So why shouldn’t front line workers be able to do the same?
Surely you know that both of those numbers are highly exaggerated. There are way more than a couple dozen people who are qualified to lead a company (and Chapek wasn’t qualified at all) and there aren’t millions of people who can be a janitor at wdw.
They are. It just does not go as well or often because of the pull of supply and demand such as the reasons listed above.
lazyboy97o
Well-Known Member
Disney literally hired someone with zero experience in what’s supposed to be their important business (media) to be their CEO.
TrainsOfDisney
Well-Known Member
And paid him considerably more than many other CEO’s of major corporations.
Front line CMs have their union to deal with company in regards to pay.
Who are the " way more qualified " ? And why didn't the Board hire him or her? If that's just a general pipe dream without names then its just a dream.
TrainsOfDisney
Well-Known Member
I would say anyone who has led a Fortune 500 and / or large media entertainment company is “way more qualified” then someone who has done neither.
There are a few people who have worked up the ranks for decades at Disney that are certainly more qualified than Chapek as well.
To be honest… I’d say the average janitor at WDW that’s been there 5+ years would be more qualified than Chapek but that’s just my opinion.
TrainsOfDisney
Well-Known Member
Which is exactly what is happening and people are saying they don’t “need or deserve” more pay. That’s what this entire discussion is about.
eliza61nyc
Well-Known Member
Not entirely. It was also about whether they will get or deserve livable wages. I'm sure they will get some type of raise. I'm also sure that whatever they get they will say it's not enough.
Vegas Disney Fan
Well-Known Member
You beat me to this, a pay raise is a completely separate issue from a living wage argument.
Everyone who adequately performs their job deserves (at minimum) a cost of living increase every year but that’s a far cry from saying every job in the world should pay enough that an employee can survive alone on it.
In 2018 Disneys internally set minimum wage was $11 an hour, now it’s $15 and they’re offering a path to $20 in the next 5 years, I don’t know anyone who has had their wage nearly double in the last decade (for doing the exact same job they did a decade ago).
Disneys been consistently giving raises recently and their thanks is their employees now want even more. When the rallying cry of $15 was met it instantly shifted to a cry for $20, the second Disney offered a path to $20 the cry changed to $20 now, not in 5 years, the second they get $20 the cry will shift to $25. CMs have been getting raises, Disneys offering even more raises, but it’s never enough.
Vegas Disney Fan
Well-Known Member
Which further proves my point of how hard it is to find a qualified person for the top job. Chapek had over 2 decades of experience in leadership positions within Disney and still couldn’t handle the top job, and the applicant pool is so tiny Disney had to go back to their previous CEO because they didn’t have the time to get someone else who is qualified to do it.
lazyboy97o
Well-Known Member
Why are we still ignoring that Disney has lots of jobs that need to be filled and framing this almost exclusively as ungrateful, lazy employees just wanting a handout? And given how fast costs have been escalating in Central Florida, before even the recent inflation, it makes sense that people would like to maintain a very modest standard of living.
You left out the word "successfully."
The Board of Directors made the same mistake.
Very easy and quick to critic the CEO and their compensation package but some fail to see that the Disney Board does the interviewing selection and drawing up the compensation and bonus package of the CEO.
Your words not others regarding lazy ( irony your poster name ) but as a previous renter back in the day I made an increase in pay only to see the landlord raise the rent substantially. What I did was eval my expenses , work OT and find my side hustle in another second job instead of complaining about the rising costs. I decided to do something about it. Want to attain modest form of living if the employer not doing much about it? I just shared my story.
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lazyboy97o
Well-Known Member
You keep going on and on about how the workers need to do something, still ignoring that Disney needs more staff. Why is this so hard to comprehend? Disney needs people. A lot of people.