... in Burbank. And worth every penny.
Walt Disney boss Robert Iger took home ... $54,917,238 last year to lead the pay table for America’s CEOs ... The ‘average’ pay for the nation’s top CEOs was $12 million last year, benefiting from a 28% median hike from 2009 ...
And as long as we're referencing Burbank:
... [T]he [Burbank] City Council this week voted to outsource all 25 crossing-guard jobs currently being overseen by the Burbank Police Department.
Police Adminstrator Josephine Wilson assured the council that even though the guards would be overseen and paid via an outside firm, they would maintain their current wages and remain at their assigned crosswalks.
But they will likely lose the health and pension benefits they currently receive as being part of the Burbank City Employees Assn. ...
The guards, of course, should be thankful they have jobs in these trying times. Because we all need to sacrifice.
Well, except for a chosen few.
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11 comments:
$54,000,000 is almost as much as those 3-week bonuses they handed out to the Disney crew that made Tangled. (Except those they laid off). See? They value you!
" lose the health and pension benefits they currently receive as being part of the Burbank City Employees Assn."
So yeah, they effectively just took a HUGE pay cut. Try buying your own health insurance outside of a large group plan. It's almost not worth it (with the high deductibles you basically pay out-of-pocket for anything that is not a catastrophic injury or illness.
That's like a UNION studio maintaining a small staff in Burbank and outsourcing 90% of their clean-up work on a "union made" feature (will have the IATSE seal at the end) to a non-union studio in Canada. Aside from paying less than union scale to the Canadians that also instantly cuts their costs of having to pay into their workers' health plans and pension plans . Hey, all the better to pay out bigger bonuses to the CEO. (at least the Canadian workers who make less than union scale wages have a decent health care plan courtesy of their government)
$54,000,000 is almost as much as those 3-week bonuses they handed out to the Disney crew that made Tangled.
Uh...no. 54 million divided by 700 (the approximate number of Disney Animation employees as of June 2011) divided by 3 is 25 thousand dollars. Only the biggest bigshots (like executives and Glen) at Disney are making 25 thousand a week. The rest are making 10 times less than that (or less)
And meanwhile, the stock is where today?
Uh...no. 54 million divided by 700...etc. etc.
It's called sarcasm.
Ah. Sorry, didnt get the sarcasm the first time. My bad.
Go start a studio (or work your way up the ladder in the one you're in) and become a CEO/Glen Keane. No one is stopping you from doing that.
Stop complaining (or being jealous) about what other people have and make your own way in this world.
Yup, the rest of us are pathetic, not hard working schlumps. They deserve to make 500 times more than the rest of us
Go start a studio (or work your way up the ladder in the one you're in) and become a CEO/Glen Keane. No one is stopping you from doing that.
Robert Iger didn't start a studio. He stepped into the job when Roy Disney was able to push Michael Eisner out. He was in the right place at the right time, he didn't tick Michael off (like, say, Mr. Ovitz did) and he played the corporate game well.
To which I say, bully for him.
But to imply that Corporate America is one big Meritocracy is, I think, delusional. CEOs of giant conglomerates have pliable boards of directors that shower them with goodies. The CEO appoints the directors, and the CEO wants pay-back. And receives it in spades. That's the way things work in the Land of the Free.
Many of the same things apply to employees working on lower rungs of the company ladder. Sometimes people are connected to the right people, sometimes they're great political operatives, and sometimes they're really, really talented. But it's never one thing or another. If you're not situated in the right job in the right department, the odds are you won't end up Top Dog.
"Go start a studio (or work your way up the ladder in the one you're in) and become a CEO/Glen Keane. No one is stopping you from doing that."
That's what you did, right? That's some choice- either become a CEO or live a life of insecurity, debt and fear of illness; no middle ground. No middle class, only masters, (justly rewarded for their hard work and initiative), and slaves, (justly punished for their laziness and dependency), just like the good old plantation days.
Don't look now, but the insane right wing-nut trolls are here.
"That's like a UNION studio maintaining a small staff in Burbank and outsourcing 90% of their clean-up work on a "union made" feature (will have the IATSE seal at the end) to a non-union studio in Canada."
Here's the kicker: They actually got a tax incentive for KEEPING WORK IN CALIFORNIA! Is it too much to expect the state to actually check the books before rewarding a company for sending our work away?
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