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  1. #16

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by micromind View Post
    I am a very vocal critic of what I consider obscene executive compensation, but the real issue is exactly as described above; I have far less of a problem with high executive pay provided the basic employees are paid well.

    This is certainly not the case with TDC, therefore my opinion is that executive pay is indeed grossly excessive.

    When your salary is derived from the backs of your employees, you need to take care of those backs.
    I would agree if a good chunk of the lower level employees were not union, since they are union the employees have a say in what their pay is by either voting for or against their contract, if the union agrees to a contract, and the employees vote to approve said contract, then the pay is obviously acceptable to both the union and employees who voted for it.

  2. #17

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by jsmith11618 View Post
    . . . if the union agrees to a contract, and the employees vote to approve said contract, then the pay is obviously acceptable to both the union and employees who voted for it.
    I admire your skillful use of "acceptable," but I hope this second gilded age we're in is replaced by one that values all workers. Than again, this is easy for me, Robert Reich, Charles Dickens and Pope Francis to say. It just appears like the post-Wells Eisner, Pressler, Rasulo and now Iger had/have their hearts and energy in the wrong place.

    Walt and Steve Jobs were not just motivated by money.

    And despite his many faults, Henry Ford did get the value of valuing his people, as do Costco, Trader Joe's and Starbucks--of course depending on the branch managers. And for a really superior American, check out Ben Franklin putting his inventions into the public domain after he semi-retired from printing in his 40s.

    It'd be easier for me to accept the charming Iger's long streak of 30 million dollar years if Walt Disney World was producing astonishing experiences as Disney parks did from 1955 through the opening of Epcot.

    With her admirable charity efforts but sub-par Disney work, Meg Crofton is like a second-rate follower of Andrew Carnegie and Bill Gates. Her emphasis is not on what is created, but on the good that can be done with her share of the profits and with her connections. Bill and Melinda Gates are wonderful, but:
    1. the thing or experience created should be inspiring and enrich consumers lives (Walt & Jobs' emphasis), and
    2. it should enrich the lives of all who create it (Ford's $5 a day), and
    3. THEN profits can be used to enrich the lives of others. (Gates, Carnegie)


    Is it asking too much for all three at all times?
    Maybe in a century or two?
    Last edited by jcruise86; 12-27-2013 at 09:10 AM. Reason: typo and I added Dickens after reading Mark Twain's post

  3. #18

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    Re: Iger earns reduced salary for 2013

    I'm not sure how I feel about this. I am not a socialist spread the wealth kinda guy. If he can get it, go for it. HOWEVER, since I just watched " A Christmas Carol" a little love, appreciation and money to those that work for you is never a bad thing. But it should be done because they want to, not because they have to.
    "These are a few of my favorite things"


  4. #19

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    Re: Iger earns reduced salary for 2013

    If I made that much and was CEO, I would have funded the People Mover revival project myself.


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  5. #20

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by Coheteboy View Post
    If I made that much and was CEO, I would have funded the People Mover revival project myself.
    I like...
    "These are a few of my favorite things"


  6. #21

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by Coheteboy View Post
    If I made that much and was CEO, I would have funded the People Mover revival project myself.
    Sounds like a plan




  7. #22

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    Re: Iger earns reduced salary for 2013

    I guess he'll have to settle for the smaller yacht this year for Christmas.

    Poor guy
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  8. #23

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    Quote Originally Posted by Coheteboy View Post
    If I made that much and was CEO, I would have funded the People Mover revival project myself.
    Walt would have too.

    I wish you were CEO. If you have any $ left over, please remove the Tomorrowland entry rocks and relocate the Astro-orbiter to the top of the Peoplemover structure too. And get rid of that DVC cart in Tomorrowland, unless you can have a robot representative.

    I wonder what Bob and Willow are spending all of their money on? I'd guess one ostentatious ski home, a NYC condo, really expensive haircuts (Bob is into these), and ??? Bob, give a year's income to Doctors Without Borders. Have an extra free Bob Iger and Wilow Bay Day at LACMA and at L.A.'s Natural History Museum at Exposition Park. Offer some college scholarships for Disneyland and WDW CMs and their kids. Then return for further instructions.

    Just curious: is there a law that all rich Americans must post photos of themselves posing in front of Machu Picchu?

  9. #24

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    Re: Iger earns reduced salary for 2013

    $30 million wouldn't get you very far with the People Mover. His base salary isn't even that much. His benefits are based on how the company performs. The company is doing great, and hes the head of it. I think hes doing a great job, and leading a multi-billion dollar company comes with perks.

  10. #25

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    Re: Iger earns reduced salary for 2013

    The down side is we are stuck with him until June 2016. But then I worry which out-of-touch over-paid Eisner clone will get the job next.







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  11. #26

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    Re: Iger earns reduced salary for 2013

    Iger's far more in touch with the Disney Company, and works harder to help guide core theme park and movie projects ahead too. I can think of leading execs at other corporations that do reletively little for more than $34 million a year.
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  12. #27

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by Malina View Post
    I don't normally care what someone makes - but it bothers me that he makes that much when Disney couldn't even "afford" a holiday party for their employees.
    Bingo. Earning so much money when you treat your employees like dirt is a shame. Surely nothing like what I've read the Disney Corporation is (was) about - the Disney Way and the Disney University / Institute principles. "Treat your employees right so they treat your clients properly", or something like that.

    The thing is - companies are so huge CEOs have lost touch with their employees AND there's no accountability anymore AND they couldn't care less about their institution's legacy or standing - since, as so many people so well said, they know they'll last for a couple of years and all they contemplate are their stock / retirement options and keeping the shareholders happy.

  13. #28

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by Coheteboy View Post
    If I made that much and was CEO, I would have funded the People Mover revival project myself.
    THIS

    Walt Disney spent HIS money on his dream.

    Disney is not Iger's (or anyone, apparently) dream anymore. With 34M, if I believed in the park, I'd definitely invest, say, 33.8M on the PeopleMove and still have quite a bit of money left.

    Disneyland is nobody's dream anymore, but a moneymaking machine. Its success has quite a lot to do with the original vision of people like Walt, Van France, Gurr, etc. The rest of the gang has just been reaping the benefits like crazy.

  14. #29

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by Fuhbau View Post
    $30 million wouldn't get you very far with the People Mover. His base salary isn't even that much. His benefits are based on how the company performs. The company is doing great, and hes the head of it. I think hes doing a great job, and leading a multi-billion dollar company comes with perks.
    $30 million not get very far? It's only the People Mover, not an E-Ticket. And even if I didn't have enough one year, there's always the year after that.


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  15. #30

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    Re: Iger earns reduced salary for 2013

    Quote Originally Posted by Coheteboy View Post
    $30 million not get very far? It's only the People Mover, not an E-Ticket. And even if I didn't have enough one year, there's always the year after that.
    The price of building rides has risen pretty far (I think Little Mermaid cost something over $100 million), and for People Mover to be brought back, it'd need to have the track brought back up to code, station refitted to allow for ADA compliance, rebuilding of cars (because I imagine they got rid of most of them after the switch to Rocket Rods), and other needs. It's sad, but $30 million really doesn't get you as far as it once did.

    I think a point we all seem to miss is that Bob Iger is the CEO of the Disney Company. The Parks Division is just one part of that, and the DLR is only a segment of that division. I know there is a lot of emotional reactions in this thread in regards to CEO pay, but I'm fine with it, because Iger isn't just in charge of one park in California, but an entire media empire.

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