Heiress and shareholder Abigail Disney on how to bring magic back to capitalism

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Heiress and shareholder Abigail Disney on how to bring magic back to capitalism
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Walt's grandniece and shareholder Abigail Disney who became a viral hit for criticizing Bob Iger's pay in 2019 keeps up her fight for workers and fair wages.

"How can you call a company successful when people are suffering?" Disney recently told CNBC's Julia Boorstin at thevirtual summit. "Part of the problem of this is in how we define the idea of what a successful company is, and if we pushed human interest to the center of our set of calculations about the well-being of a company, we would feel very differently about Disney as a successful company.

Disney, who recently released the documentary, "The American Dream and Other Fairy Tales," said she thinks of ESG as one aspect of a much larger set of principles that determine how a company operates and determine what it can and cannot do.Worker issues are, in fact, the No. 1 ESG theme, according to polling of the American public. The polling finds that paying a fair and living wageDisney doesn't buy the argument that the market dictates wages.

A Disney spokesman said in an emailed statement to CNBC, "Our amazing Cast Members, storytellers, and employees are the heart and soul of Disney, and their wellbeing is our top priority." The Disney spokesman cited "competitive pay and leading entry wages," affordable medical coverage, access to tuition-free higher education, and subsidized child care for eligible employees.

Just Capital, the ESG research nonprofit that produces the polling of the American public on corporate issues of importance,

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