Robert ReichDec 3, 2022

Ousted 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.

Show threadJohn Ryan 👨🏻‍💻☸️🐾 🐘Dec 3, 2022
@rbreich objectively, what's the incentive for the corp?
Show thread“G” 🇨🇦 🇵🇸 🇱🇧Dec 3, 2022

@jtigger @rbreich

Are you asking what’s the incentive for a multi-billionaire corp to pay their workers enough to live a life above poverty?

Show threadJohn Ryan 👨🏻‍💻☸️🐾 🐘

@subliminal_G @rbreich

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?

Dec 5, 2022 at 9:38pmWeb