Robert ReichOusted Disney CEO Bob Chapek is set to receive a golden parachute worth ~$23 million.
Meanwhile, Disney is dragging its feet on paying its workers better wages to keep up with the rising cost of living.
It’s corporate greed above all else.
Karl Auerbach@rbreich Corporations need not be greedy. But our "short term" "shareholder value" disease - and it is a disease - means that we devour our investment seeds even before they has a chance to become a new crop.
We need to push heavily against boards and C-suites that utter "shareholder value" noises without really considering the long term benefits and costs.
We ought to put that into the corporation laws of every state along with heavy fiduciary duty hammers to make it happen.