'Jesus Christ himself isn't worth 550x his median worker's pay,' Disney heiress Abigail Disney shares her view that CEOs 'in general are paid far too much' days after Disney CEO Bob Iger saw a $13.5 million pay reduction.
div > div.group > p:first-child"> The House of Mouse amended its pay agreement with Iger, reducing his possible total bonuses based on the timely closing of the company's $71 billion deal to merge with Fox's media operations."I am proud to be leading The Walt Disney Company through this important time and believe the changes I, with the Board, have made are in the best interest of the Company," Iger said in a statement Monday.
The company did not provide a reason for the change. However, the reduction comes a few months after Disney increased the targets Iger must meet in order to collect his performance bonuses, a move to placate shareholders who pushed back against the CEO's salary last March. "The board accepts the result of today's non-binding vote and will take it under advisement for future CEO compensation," Aylwin Lewis, chair of the board's compensation committee, said in a statement at the time.
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