Her statements have no substance..It would be like me winning 100 million on powerball..then saying its unfair to win that much. This is a free market capitalist republic. Always will be despite some of political nonsense coming from some candidates. Its all noise. She just shares their political opinion. If she wants equal misery and social "economic justice" goto Venezuela. See how that works....CEO's make what they make due to stock performance...and yes they make ALOT! but regulating that or taking it away from them does nothing to improve my life. We are all responsible for whatever we make. None of her business or anyone else. I would not want another system. At all.
You believe they have no substance so you want to restrict her free speech as a Disney shareholder?
Wrapping yourself in capitalism and citing Venezuela indicates that you believe those making statements here about high CEO pay are on the left. This just isn’t true and particularly in my case.
I don’t believe anyone considers Forbes a progressive rag and below is shown the results of an extensive study cited there-
“Across the board, the more CEOs get paid, the worse their companies do over the next three years, according to extensive
new research. This is true whether they’re CEOs at the highest end of the pay spectrum or the lowest. “The more CEOs are paid, the worse the firm does over the next three years, as far as stock performance and even accounting performance,” says one of the authors of the study, Michael Cooper of the University of Utah’s David Eccles School of Business.”
The study finds this is due to docile boards inappropriately approving executive compensation packages.
Some of the worst abuses are severance packages. CEO’s that had horrible results each year of their tenure cashing out for tens or hundreds of millions of dollars.
If you think progressive culture is rampant in DC then knowing what goes on in much of corporate America these days would be an eye opener for you (think Rex Tillerson).
Except for small businesses people are paid what someone decides they should make. My point is that the buddy system used to decide CEO pay is flawed. If we lived in a pure meritocracy then the right compensation decisions would be made. Unfortunately the meritocracy has been usurped by the cozy buddy system in many cases. The cozy buddy system is like Venezuela and not like unfettered capitalism.
There are ideologies on the left and on the right that are used to simplify thinking and used by politicians to manipulate people. Reality is much more complex than is captured in these simple rules of belief.
As for stock price-the Dow is up 50% over the last couple years and so are CEO’s on average doing a 50% better job then two years ago? For oil companies their stock rises and falls with oil price. When oil price and stock price are low does that mean the CEO’s are doing a poor job. Stock price is impacted by things the CEO has no control over. Do oil company CEO’s earn a massive cash out because oil price increases?
You have great CEO’s like Mark Papa who was at EOG resources and opened up the big oil shale pays and didn’t receive enough compensation for his contributions. On I the other hand you have a lot of CEO’s that just muddle through and cash out because oil price is up due to some conflict in the ME and cash out with some ridiculous amount.