'We have chased large swaths of Americans into a box canyon and then blamed them for being trapped.' Abigail Disney took her criticism of the pay gap between CEOs and workers to Capitol Hill, telling lawmakers that the country needs to rethink the system
"We have chased large swaths of Americans into a box canyon and then blamed them for being trapped," she told members of the House Financial Services Committing at a hearing on strengthening the rights and protections of workers. Over the past month, Disney -- the granddaughter of Walt Disney Company co-founder Roy Disney -- has drawn attention for publicly criticizing the disparity between the $65 million paid to CEO Bob Iger and what its average workers make.
"The median ratio is not a helpful ratio. It treats the lowest paid worker as if they were invisible," she said. Some Republican members of the committee challenged Disney to say what pay is fair for a CEO, and what rate is a livable wage. She said, in response, that not every CEO should be paid the same and a liveable wage is not the same in every city. "The point I am trying to make is we are throwing around numbers here on appropriate CEO pay, what CEO pay should be ...
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