US Sen. Bernie Sanders Criticises Pay Of Disney CEO Bob Iger


Bernie Sanders, a senator in the United States of America, took to Twitter to criticize the salary of Bob Iger, the Disney CEO, today. He suggested that Disney should use the massive box-office haul from its blockbuster superhero film “Avengers: Endgame” to give its raises to its employees.

The tweet of Sanders comes a day after Disney announced that “Endgame” broke box-office records, taking in $356 million in the United States and more than $1.22 billion internationally in only five days in theaters.

In a tweet that was posted today, Sanders wrote: “What would be truly heroic is if Disney used its profits from ‘Avengers’ to pay all of its workers a middle class wage, instead of paying its CEO Bob Iger $65.6 million — over 1,400 times as much as the average worker at Disney makes.”

Sanders is an independent senator from Vermont who is running for the Democratic nomination for president. It is not the first that he criticized the massive paycheck of Iger.

Last week, Abigail Disney, the Disney heiress and the granddaughter of the co-founder of the company, publicly took umbrage with the compensation of Iger once again, calling it “insane.”

The remark came after a recent Equilar study discovered that the pay of Iger was 1,424 times that of the median Disney employee.

Last March, Iger agreed to a new compensation contract that reduced his maximum potential annual pay by $13.5 million.

However, the year earlier, he was awarded $65.6 million for his performance with the firm, which is a result of a pay bump for extending his tenure at Disney through 2021 and stock awards in excess of $35 million.

However, the company said in a securities filing that the company eliminated a $500,000 boost to his base salary, retaining it at $3 million. It also reduced his potential cash bonus from $20 million to $12 million and reduced his long-term incentive pay from $25 million to $20 million this year.