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.
Matthew Ceplina@rbreich sadly, a good portion of CEO compensation is stocks. Thus, even a poorly peforming CEO whose ousted will receive a golden parachute lest the oustee sells their shares. Disney is preserving its stock price.