Paula Beard
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.
John Ryan 👨🏻💻☸️🐾 🐘@rbreich objectively, what's the incentive for the corp?
proto 🏴 🦜
“G” 🇨🇦 🇵🇸 🇱🇧No. Naw, man! That's not my question at all. That these corps truncate the humanity of the people who make them successful is unconscionable. It's disgusting and indefensible. In *my* head, that's a given.
I was curious about when a CxO is on their way out, why toss them such a golden bone? How does that benefit the company?
@State 
Sir Snarks-a-lot@rbreich
Corporations being greedy and paying the execs 400x what the average employee earns? That’s par for the course unfortunately.
Corporations being greedy and paying the execs 400x what the average employee earns? That’s par for the course unfortunately.
Sam Godwell@rbreich
appears the massive disney/fox merger, as usual, screwed american workers.
appears the massive disney/fox merger, as usual, screwed american workers.
FearlessJuan@rbreich I wonder how they justify those obscene salaries. They don't bring enough value to compensate the compensation. If they screw up they get tens of millions of dollars as a farewell gift. Sounds fair, doesn't it?
NoctisEqui@rbreich wow, 23 million! Nice work if you can get it.
@rbreich executives are an elite class that stick together to redistribute wealth among themselves
joe•iuculano 
@rbreich corporate greed. That's exactly what I've been saying
frommagioh@rbreich nice work if you can't get it!
RichardOntario@rbreich We can only look to Ukraine to see if their new government is successful in combating the plutocracy/oligarchy
Geoff Wilbourn@rbreich thing is 🤔🤔 your “worth” of $5 Million in 2022 goes to a counter of your claim of too poor to retire and your railing against money
@rbreich oh … but 5 million isn’t what it used to be 🤣
Bouriquet@rbreich Why a parachute? Was someone in his contract? High pay, high risk…push ‘em out and let ‘em fall. That’s what they’d do to other employees during a layoff. Or is this a firing due to lack of performance? Why should that come with a reward? Such “unearned income” should be taxed at a much higher rate.
Derek@rbreich As an entrepreneur I’m all for people getting a big payout but every time you hear of a big company CEO leaving, the comp is absurd. I think it was #GravityPayments that might limit their CEO compensation to a maximum of 6x of the lowest paid worker. We need more models and transparency around these things.
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.
YaiYaiKimmi@rbreich profits before people is their mantra, sick and sad perspective .
Ted@rbreich Hell, let's NATIONALIZE the mouse.
@rbreich
CEO’s get paid to keep their employees down.
CEO’s get paid to keep their employees down.
Leftinthesouthwest@rbreich It feels like the guilded age 2.0
@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.
SilentwolfIt is NOT fair for CEOs to get big $$$ after being fired or pushed out. Workers who were pushed out or fired, doesn't get that kind of $$$. Something is really wrong with the system.
BearsWorldx🏳️🌈🔞@rbreich
I am speechless. Fuck!!
I am speechless. Fuck!!
@rbreich ALL Disney workers should belong to a union and ALL board members should NOT have golden parachutes in their contracts.
Mary Branscombe@rbreich let alone all the writers whose contracts they bought an unilaterally decided not to pay royalties to