Disney CEO Iger's pay up 30 pct in 2010

[TheRustyScupper]

. . . so I am putting in my time and for now I take the majority of my pay in the smiles and joy I bring to our guests . . .

Now . . .
. . . if only Exxon would take joy for gasoline
. . . if only Winn Dixie would take smiles for milk and bread
. . . now, still need something to pay for electricity

 

[Oglet]

. . . now, still need something to pay for electricity

You use Pixie Dust

 

[manning]

1) As an ex-CEO, I also had nice employment contracts.
2) When the company was profitable, the bonuses were huge.
3) BUT, I did not pay our employees on-the-cheap.
4) Nor, offer 2% raises for people making just over minimum wage.
5) Greed may be good, but employees need not suffer for executive pay.

Now this is a smart ex CEO

 

[Peter Pirate 2]

Now this is a smart ex CEO

100% agreed!

 

[imstock]

You use Pixie Dust

Exactly. Progress Energy loves it.

 

[movie77]

What a joke. CNBC recently ran a great biography on Walt that featured over 75 interviews. It's so clear these guys today are just empty souless suits in it for themselves...

 

[eliza61]

I won't comment on whether Iger "deserves" what he gets, or whether he's doing an good job running WDW.

Now, the truth is, NIETHER should be big news. Compensation is based on a CONTRACT that is publicly available. Bonuses and stock options are spelled out in the contract. If the company is profitable, then the that's why he gets paid. I'm not defending how much CEOs or executives make...I'm just trying to point out that to ride them for pay increases that they are contractually obligated to when hired is rather hopeless.

So why does he and other CEO's still get paid when the company is not profitable?