Abigail Disney described Bob Iger’s compensation as an example of companies giving lavish rewards to top executives instead of improving the lot of lower-wage workers, including theme park workers.
The stock price has increased to $132 a share from $24 a share when Iger became CEO in 2005, the company said. The shares declined 77 cents, or 0.6%, to $131.68 on Monday.The company earlier this year cut $13.5 million from the executive's annual target pay package to $35 million, partly in response to investor blowback.
In December, the company increased the performance bar it must hit for Iger to collect more than $100 million in incentives he could earn as a result of the Fox acquisition. Disney is investing heavily in expansions at its U.S. theme parks. Star Wars: Galaxy's Edge, an ambitious 14-acre project, will open at Disneyland in two stages this year. An identical planned attraction will also open at Walt Disney World in Orlando, Fla.
Abigail Disney has previously been outspoken about social justice issues and has been a supporter of the #MeToo movement. She and production company Killer Content launched the female-fronted entertainment firm
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