Abigail Disney slams Disney execs for taking bonuses while furloughs happen.

[warfelg]

https://www.cnn.com/2020/04/22/busi...rloughs-bonus-pay-coronavirus-trnd/index.html

In a Twitter thread Tuesday, the outspoken family heiress slammed Disney's decision to furlough theme park employees after the company paid dividends to shareholders and gave executives big bonuses. Disney hasn't revealed dividend plans for 2020, and the company's top executives took substantial pay cuts because of Covid-19.
The Walt Disney Co. announced earlier this month it's furloughing employees "whose jobs aren't necessary at this time." The coronavirus pandemic has forced a major chunk of Disney's businesses to temporarily suspend operations, including its parks, resorts and entertainment productions. More than 75% of the company's 223,000 employees work for the Parks and Products division.

'Member when only SEAS was getting slammed for doing something like this? Throw Disney on the pile I guess.

 

[GrandpaD]

She doesn't, and neither does the article, mention the timing. As a shareholder, I got my dividends paid in January. That's well before the virus issues started to surface. In a quick Google, it appears executive bonuses were paid about the same time. Again, well before any virus issues. Since then, as the article stated, so executives have taken cut in pay, with Iger and Chapek foregoing any pay. She's angry because a $1.5 billion executive bonus scheme is still in place. However, nothing I've read says it'll still be implemented.

Abigail has been vocal about Disney pay for quite some time. Frankly, it's the same ol' story that gets play because of her last name.

 

[Mushroom]

I have felt this for a while: Abigail Disney is an idiot. She clearly has no idea how to run a corporation and simply uses her name as a badge of authority to voice her often ill-informed feelings about the company.

 

[r757chan]

If I was an executive I'd give back my bonuses and salary to delay furloughs a long as possible (I realize individually it probably wouldn't go too far.) My lack of willingness to lay off employees is probably why I'd make a "bad" executive though.

 

[rswashdc]

The best thing executives or managers can do when they have to make layoffs or furloughs is help those employees get other jobs. Doing things such as writing recommendations on LinkedIn or making network introductions can go a long way in what is a terrible period.