Abigail Disney, heiress to The Walt Disney Company, railed against CEOs collecting too much pay and is demanding Americans start taxing the wealthy.
The granddaughter of Roy Disney, who-founded the namesake company alongside his brother Walt, told CNBC's"Squawk Box" Thursday"Jesus Christ himself isn't worth 500 times his median workers' pay." Disney, 59, took shots at current Disney CEO Bob Iger, who recently agreed to a new payment contract that reduced his maximum potential yearly pay to a mere $13.5 million. She is a longtime critic of U.S.
Last fiscal year, Iger was awarded $65.6 million for extending his tenure at the company through 2021 in addition to stock awards totaling more than $35 million. The company reduced several revenue streams from Iger's salary this year, capping his cash bonus at $12 million rather than $20 million and reducing his long-term incentive pay from $25 million to $20 million.
"I can't sit back and accumulate wealth simply because I inherited it," Disney tweeted."The problem is that there's a systematic favoring of people who have accumulated an enormous amount of wealth. The U.S. must make structural changes by taxing the wealthy."
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