Now with scrumptious Add On.
The Mouse has reviewed Robert Iger's performance, and found it good.
Walt Disney Co. Chief Executive Bob Iger received nearly $31.4 million in total compensation last year, an 11.9% increase from 2010, according to a filing with the Securities and Exchange Commission. ...
It's good to see Mr. Iger is running ahead of inflation with his salary increases. By contrast, the Hollywood labor organizations get 2% annual wage bump-ups in their collective bargaining agreements.
Add On: Here's a banker of a British state-owned bank, presiding over a stock price that has dropped by half, who's in line for a nice bonus:
... Royal Bank of Scotland prepares to offer a bonus of more than £1m to its chief executive, even though the state-controlled bank’s share price has almost halved in a year.
Sir Philip Hampton, chairman of RBS, and the bank’s board are determined to face down political pressure and will press ahead with a bonus payment to Stephen Hester likely to be in the range of £1.3m-£1.5m on top of a salary of £1.2m. Final figures will be settled next month. ..
The top dogs -- on both sides of the pond -- really do take care of their own. Regardless of results.
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7 comments:
What the hell is he getting rewarded for, exactly? By not screwing up the revenue flow from ESPN - one of the few bright spots in an otherwise lackluster year? Iger's purchase of Marvel has not and likely will not pay off, the announcement Avatar ride for WDW did not get the big scream hoped for from the public, and as for the movie slate...Cars 2 was a PR flop, the Muppet movie was mediocre, and um, Mars Needs Moms...seriously, how do deadheads like Iger earn all that money?
When you control your board, you get paid well.
That's the general rule. And it applies whether the stock goes up ... or down.
Hopefully, they pay him in Disney dollars.
Not to mention that mediocre re-boot of "Winnie the Pooh". It bombed!
I'm sure, therefore, that the Animation Guild will have no difficulty securing an 11.9% increase in wage minimums for this year, right?
How can Disney refuse, if they're giving them to other employees?
Hooray for Boss Iger ! Success is rewarded. Bully. So when does the wonderful "trickle down" effect start for Disney employees ?
(what's that you say ? There is a trickle down effect at Disney already ? No, that's called pissing on the employees , a different kind of trickle down economics)
I'm sure, therefore, that the Animation Guild will have no difficulty securing an 11.9% increase in wage minimums for this year, right?
How can Disney refuse, if they're giving them to other employees?
Just watch.
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