WHAT’S BEING CLAIMED:
- Abigail Disney, an heiress to the Walt Disney Co., criticized the company of ‘pillaging and rampaging’ staff despite the coronavirus crisis.
- This week, Disney furloughed 100,000 employees as parks and hotels, not just here in the US, remain unopened.
- Abigail slammed the company for protecting executive bonuses and dividends, which in the past have totaled $1.5 billion, which she said could pay for three months’ salary to its frontline worker.
Walt Disney heiress Abigail Disney launched a scathing 25-tweet attack against her family’s company for reportedly furloughing 100,000 low-paid workers. Her frustration: Disney is paying billions in executive bonuses.
Abigail is Walt Disney’s grand-niece being the daughter of his brother, Roy Disney.
The 60-year-old tweeted: “WHAT THE ACTUAL F***?????… “I am an heir. And I do carry this name with me everywhere.”
Disney noted she does not have a position in the company but said, “I have a conscience which makes it very difficult for me to sit by when I see abuses taking place with that name attached to them.”
Disney’s anger was triggered by a report that the company was furloughing 100,000 theme-park employees this week. That’s almost half of its workforce, which financial analysts say could save the company $50 million a month.
“The REAL outrage is, of course, those bonuses … 1.5 billion of them. 1.5 BILLION,” Abigail ranted. “That’d pay for three months salary to front line workers. And its going to people who have already been collecting egregious bonuses for years,” she continued.
The Financial Times reported that Disney company has yet to comment on its 2020 dividend plan. The amount is decided at the end of the fiscal year, and could theoretically be nothing, insiders say.
Abigail attacked the fact that “front line workers at the parks had to fight for years to get their pay bumped up to $15/hr,” deriding PR attempts to paint it as “incredible magnanimity” — noting it was just $31,400 a year for a full-time worker.
According to the heiress, former Disney chairman Bob Iger’s “compensation for THIS YEAR will amount to 1,500x their pay,” with similar multi-million-dollar pay for his replacement, Bob Chapek.
“What kind of person is comfortable with this???” she asked. “If you have a shred of empathy in your body … none of this compensation bulls–t is possible.”
While she conceded the firm “faces a rough couple of years,” she said, “That does not constitute permission to continue pillaging and rampaging by management.”
“THIS COMPANY MUST DO BETTER,” she insisted, telling management to “pay the people who make the magic happen with respect and dignity they have more than earned from you.”
She ended her tirade by challenging the company to “BE DECENT.”
Source: New York Post