One word explains the $65-million pay package for Disney's CEO: greed [Los Angeles Times (CA)]
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Source: Los Angeles Times
One word explains the $65-million pay package for Disney's CEO: greed To the editor: The $65-million compensation package for Walt Disney Co. Chief Executive Robert Iger may be extreme, but it fits a pattern in which Fortune 500 CEO pay has increased from about 30 times the median worker wage in the 1970s to 300 times or more today. In effect, these CEOs are telling their employees that they have lost 90% of their value to their companies relative to top corporate officers over the decades. But of course this can’t be true. No matter how they try to rationalize it, the explanation lies in a single word: greed. Alan B. Posner, Santa Barbara .. To the editor: Disney is a greedy company under the leadership of Iger and previous CEOs, and this shows especially at the company’s resort in Anaheim. That was not the case during founder Walt Disney’s days. In 1996, the city of Anaheim agreed to build a massive parking structure for Disneyland’s guests. To rent this facility, Disney pays An
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