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Some CEOs Make 1,000x More Than Their Employees

The gap between CEO and employee pay is the widest it has ever been. Abigail Disney, a vocal critic of wage inequality at The Walt Disney Company, wants to see a more level pay scale. 💰

CEOs Salaries Over 1000x Their Employees

The gap between CEO and employee pay is the highest it’s ever been. In an interview with Fast Company, heiress Abigail Disney spoke out against the massive pay disparity at Disneyland. When they’re being treated that badly, you might have to ask why? Disney CEO Bob Iger makes $65.7 million a year —1,424 times his average employee. In 1965, the CEO-to-worker pay ratio was 20 to 1. In 2019, it’s nearly 300 to 1. CEOs like James Quincey (Coca-Cola) Kevin Johnson (Starbucks) Michelle Gass (Kohls) make over 1000 times their average employees. Mattel CEO Ynon Kreiz makes 3,408 times his average employee while Gap CEO Arthur L. Peck makes 3,566 times his average employee.

A disappointed Abigail Disney, Granddaughter of Roy Disney says, “When he got his bonus last year, not this year — I did the math and I figured out that he could’ve given personally, out of pocket, a 15% raise to everyone who worked at Disneyland and still walked away with $10 million. I went out to Anaheim and I sat with the union, and I listened to the workers who were getting paid minimum wage. Most of them couldn’t afford to live less than an hour and a half from Anaheim, where they worked. They had had benefits steadily stripped from them. People were choosing between insulin and housing. I mean this is horrifying. This is horrifying. I knew my grandfather and I worshipped the ground he walked on, and I know that was never the company he wanted to start.”

It is understandable that CEO’s don’t set their own salary. Few people do. But they do set salaries for the people who work underneath of them. So, if they’re not happy with the pay ratio at the firm, there are two possible ways to correct it — otherwise, it doesn’t look good.

Lower top executive salaries or raise the salary of others.

Brut.

05/03/2019 10:22 AMupdated: 05/03/2019 1:22 PM
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44 comments

  • Felix R.
    07/14/2020 20:19

    Como le contacto señora Abigail Disney. Adolfo Ruano 00502 56159285 Guatemala. S.O.S.

  • Rich C.
    03/13/2020 01:06

    Nydia 20 years in Congress...career politician wouldn't understand business 🤷‍♂️ that's just my opinion. I get the difference but you want that CEO money go work hard and get it!

  • Christopher C.
    03/12/2020 08:49

    This is an example of corporate greed at its best,where’s the Walmart kids and the billions they make on this list

  • Veronica C.
    03/12/2020 01:27

    y seguimos alimentando a los montruos.

  • Gilbert D.
    03/11/2020 21:15

    Rise firm taxes or make a law for the exclusive use as benefits for local workers of that firm as a matter of repercution of their hidden CEO personal activities to enrich themselves legally using as cover the firm at cost of the work and productivity of those very well bad paid in ratio of those salaries of their employees, untill the income ratio is fairly even.

  • Brian B.
    03/11/2020 19:29

    Well then if not happy find some job that does and work harder and u will possibly be in there shoes one day life is not a hand out if the people had the same problem these CEO bet they wouldn't see it the way there seeing it now

  • AlbertStein C.
    03/11/2020 13:06

    Well , Does anyone expect them to make the same salary as a regular employee? Please it's been always this way. They have many more responsibilities and they probably have a degree. This is nothing new!

  • Eric V.
    03/10/2020 17:34

    Then get a new job. Why are you still at an ENTRY job years later. Maybe that says more about you than it does about the CEO

  • Nicholas O.
    03/10/2020 15:32

    A guy flipping burgers isnt going to make more than minimum wage... The CEO's assist the visionaries. Of course the gap is going to be tremendous -_-

  • Rob S.
    03/10/2020 09:23

    I believe strongly in capitalism. To the points of many above: 1) Not every job should allow someone to raise a family on. If you didn’t need to invest time / money to learn a skill that demands a higher rate, that’s on you. 2) small company owners who risked everything need a return on their investment for the risk. 3) someone running the company should certainly get paid significantly more than someone doing the lowest level job... but with that said the disparity should not be that many more times. Maybe a couple of 100s, but not *thousands* of times more.

  • Rob N.
    03/10/2020 01:50

    Get this garbage off my page, Why would you even advertise this to me? IDGAF what they make, these comments are jealous people who are envious of people they never met.

  • Brian B.
    03/10/2020 00:43

    Wahhhhh

  • Mark B.
    03/07/2020 15:31

    Omg...stop whining about what the CEO of a company makes...do you think they got there by crying like a bunch of babies or by working hard and improving themselves? For the love of God stop expecting a dang handout and actually earn something for once in your life...if you make minimum wage that is your own fault! Know your worth and do something with your life instead of crying all the dang time.

  • Larry H.
    03/07/2020 03:10

    How many jobs have they added at the same time? How much innovation have they funded?

  • Christopher V.
    03/05/2020 02:24

    Maybe you should not be content with being the bottom of the company, every one of these companies has so many different levels of mgmt and pay, 1000s of jobs that pay more than $100k.

  • Steve J.
    03/04/2020 21:55

    Bunch of LOSERS on this thread. Schleprock galore.

  • Josh V.
    03/04/2020 20:56

    Not just Disney, all across America that is the same story.

  • Moises S.
    03/04/2020 11:37

    I see both sides. The question is, what do you have to do to get a salary raise?

  • Ty B.
    03/03/2020 20:22

    For comparison here about why the gap expands. If 30 yrs ago you had 100 employees at 10 an hr and made 20 times them it would be 200 an hr You are making 2 bucks an hr per employee < this is the number that matters 15 yrs later you now employ 1000 employees doing more of the same exact thing as the others. You still make 2 bucks an hr per employee. Your making 2000 an hr and 200 times them. Now 30 yrs later you have 10000 employees and your making 20k an hr or 2000 times the avg one. Still making the same old 2 bucks an hr. They are not holding everyone in the lower class from greed its simple math. The majority of these CEOs oversee 10's of thousands of employees and some on this list are hundreds of thousands or more. Walmart, for instance, is employing 2.2 million people. If each person it employs all only produced a dollar an hr for the owner that owner makes 2.2 million an hr. or around 200k more than an avg employee.

  • Emmanuel C.
    03/03/2020 18:30

    es que no te digo que lo que dan ganas es de rasparle un gazzzznaton