But that still doesn't mean Disney is treating their employees unfairly or somehow "not right".
To me, as long as an employer is following the law (paying minimum wage, following OT rules, etc), then it's "right" AND "fair".
I'm not against the rallies or the employees. What I'm against is people flat out saying Disney has not been "fair" or is not treating employees "right" because of a bunch of employees held a rally. Both those claims are in this thread, but no one has provided an example of either. Oh wait, one former employee said they didn't get paid for the 20-30 minutes it took to get from their parking lot to the gates.
IMHO................ If you don't like your job, leave. If you want a raise, prove you earned it. If there is an INJUSTICE, then stand up and shout until there isn't one anymore. But frankly, this isn't an injustice.
I don't think Disney is treating their employees fairly in relation to upper executive pay/increasing profit margins. I see an injustice. CEO pay has exploded in many large corporations, while hourly wage employee compensation has almost stagnated in comparison. In my opinion, increased profits and pay should be spread more evenly throughout the company. Disney CEO compensation fluctuates between 35 - 50 million annually. That's about 500 - 600 times more than the average companywide worker salary($50,000). When compared to the average cast member salary($20,000, and around 25,000 cast members), that gap widens to about 2,000 times more than an average cast member salary. I understand that a CEO ha much more responsibility than a cast member, but I also think that a CEO making 2,000 times more than an average cast member is unfair and obscene. I think that a CEO making 100 or 200 times more than the average worker is more than fair. But, it has become a money grab for the top executives of large corporations, to the detriment of tens of thousands of workers below them. If a Disney CEO were paid 200 times more than the average worker salary(500 times more than the average cast member), he would still take in ten million dollars annually. The money they saved by bringing the CEO pay to a more reasonable number could be redistributed to the 25,000 cast members and give them an almost 60 cent an hour raise. So, one man's excessive compensation is preventing 25,000 other workers from having an additional $1,200 in their pocket yearly. Essentially, each cast member could receive a 6% raise without costing the Disney company a cent if they would only redistribute the CEO's excessive pay and spread it more evenly amongst the lower wage cast members.
Another thing that I find unfair in relation to cast member pay vs. CEO/executive pay is how they are paid. CEO's are given a "low" base salary, but their compensation is padded with performance pay. This is a legal way for CEO's to avoid paying taxes on their earnings. There is a tax law that puts a cap of $1,000,000 on the amount of pay that can be tax deductible., but there is a loophole that makes an exception for performance pay. That is not taxable. So(for an example), a CEO could be getting 2 million dollars in salary, but another 10 or 20 million in performance pay, which is not taxable. Knowing this, CEO's now work to artificially inflate the value of their stock options in order to increase their own personal performance pay, without regard for the many employees working for the corporation. Using the tax loophole, a CEO could make 20, 30, 40 million dollars and only pay taxes on a million or so. For some reason, Disney doesn't give their cast members non taxable performance pay. Why does Disney think it is fair that upper management should get non taxable compensation, but lower wage workers should have to report all of their compensation as taxable? This is an example of a practice that Disney engages in that is legal, but not fair. (IMO)
So
I do not feel that Disney is treating their lower wage workers fairly, especially when compared to the CEO/upper management. They may be acting legally, but there is a difference between acting legally and treating someone fairly. Again
IMO.
I like Disney making large profits --- it helps their stock price, which makes me happy. A company like Disney is supposed to maximize value for their shareholders...not the good of the country.
This goes beyond a company doing something for "the good of the country." Their business practices are bad and harmful to the country(not just Disney, many large corporations). Paying workers less than a livable salary costs all of us taxpayers money when we have to provide assistance to them. And the performance pay that that these corporations give out allows certain people to not pay their fair share of taxes. They may be paying their legal share, but it is certainly not a fair share. I'm not saying that a corporation needs to do something for the "good of the country", but they should at least be required to operate in a fashion that is not harming the country. We taxpayers shouldn't have to subsidize their workers with assistance programs so that the CEO's can maximize profits for shareholders.
Also, it doesn't need to be one or the other - happy shareholders or happy workers. A company can have both if they take a more balanced approach to how they run their company. For example - Costco. The average pay companywide for a Costco employee is about $22 an hour, or $45,000 annually(starting pay is $11.50 an hour). CEO makes about 5 million annually(about 110 times higher than the average worker). It's stock prices have doubled since 2009. It's a win-win for everyone. Corporations simply needs to reign in the greed at the top.