Abigail Disney asks the company to give 50% of exec bonuses to the lowest paid employees

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Just days after qualifying Disney's senior executives as "crazy," the company's granddaughter, Roy Disney, wrote an article in the Washington Post, in which she acknowledged that she "was hitting a nerve with a Twitter feed on pay inequality at the Walt Disney Co."

"I think that Disney could lead the way, if its leaders wish, to a way of working more decent and more humane," she wrote in an article published Tuesday.

It proposes to the company to put aside half of the premiums collected by its leaders and to distribute them to the 10% the most modest. Disney (DIS) 200,000 employees.

According to a regulatory report, six of Disney's top executives, including CEO Bob Iger, received stock awards and options totaling $ 62 million last year. This does not include the extra bonuses – and potentially millions of extra dollars – earned by lower-ranking executives in the media and theme park conglomerate.

Abigail Disney (left) and General Manager, Bob Iger

"Also, at the pay levels we're talking about, a leader who gives up half of his bonus has no effect on his quality of life," she writes. "For the lowest people, this could mean getting out of poverty or debt, which could provide access to decent health care or education for a child."

Last weekend, Abigail Disney & # 39; s fanfaron on Twitter about executive pay became viral.
"Whatever the goal is, a salary ratio of over a thousand is crazy," she said of Iger's salary of $ 66 million. that is 1,424 times that of the median salary of a Disney employee, which stood at $ 46,127.

"There is a point where there are too many things going above the system in this class of people who – I'm sorry it's radical – has too much money," he said. she declared.

In the Washington Post, Abigail Disney reiterated her criticism of the company's pay for her least paid workers. The company claims to pay above the federal minimum wage of $ 7.25 per hour: employees at its Florida resorts will earn $ 15 an hour by the year 2021, while employees from Disneyland California see their salary rise to $ 15 at the beginning of the year. But Abigail Disney said that was not enough.

"This argument does not recognize that the cost of living varies from place to place and that few people can get away with it, no matter where they live," he said. -she writes.

She also challenged Republican-led tax reform, claiming that large corporations that enjoyed a lower tax rate injected additional money into executive pay and redemptions. 39 actions – not in their workers.

"In a business that has never been so profitable, whose senior executives are returning to their country with seven- and eight-figure paychecks and whose main resource is the people of good humor, facing the public, who welcome guests day after day, why are we playing a minimum wage anyway ?, she added.

Abigail Disney wrote that while she thought leaders deserved bonuses, "the people who contribute to her success also deserve a share of the profits they have made possible."

Disney announced a record profit in 2018.

"Here's my suggestion to the leaders of Walt Disney Co .. Lead," she concluded. "Reward all your workers fairly, do not turn away when they tell you that they are unable to make ends meet.You do not exist only for the benefit of shareholders and leaders."

The company did not immediately respond to the notice recently released by Abigail Disney.

She reacted on Monday to her critics, saying she made "historic investments" in the pay and benefits of her workers, including in educational initiatives that allow hourly employees to work. 39, obtain a university or professional degree "totally free".

The company had also previously defended Iger 's salary, which is "based on 90% of performance".

"It has generated exceptional value for shareholders: Disney's market capitalization has grown exponentially over the past decade, reaching $ 75 billion last month and the stock price has gone from 24 to $ 132 per share, when Mr. Iger became CEO of 2005, "a spokesman for Disney told CNN Business.

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