Iger's salary package up 30%. Co. profits up 54%. But they can't come to an equitable and fair solution for their CM's??? Something is wrong in Mudville and worse yet, there will be many who WILL defend it.

I guess the one point I would make is that when you say that profits are "up", you're comparing to 2+ disappointing years.
I believe the last union contract was ratified in 2008. In the first quarter of 2008 Parks and Resorts showed a profit of $505 million. By 1Q 2009 profits had fallen to $382 million...but Disney didn't reduce union salaries as a result of the poor financial results.
Park profits were up to $468 million in 1Q 2011, but that's still not equal to the 2008 pre-recession results.
News outlets are all pointing out how Disney is doing much better than it was a year ago. But the fact is that Disney is NOT making more money than they were during the last slate of union negotiations.
That said, I'm all for Cast Members getting what they deserve. That's why we have labor unions. I realize that unions in Florida aren't particularly strong, but they need to do more for their people than simply roll-over and accept the latest offer.
A couple months back the union released a video of CMs talking about their financial hardships. As I watched it, I found it difficult to be TOO sympathetic given that the compensation was negotiated by the union and ratified by membership. If the pay is so bad, why did they agree to it 3 years ago?
If CMs and their unions want to draw a line in the sand this time, more power to them. Hopefully they won't resort to some of the cheap stunts that the
Disneyland unions pursue. But if they end up striking or fostering some other form of union labor shortage, so be it. I know WDW has dealt with these issues during other negotiations so they do have a plan. But it's very difficult to compensate for the loss of 20,000+ union workers over any extended period. Workers need to show some resolve if they want to get anywhere.
Simply expecting Disney to "do the right thing" isn't going to result in any meaningful progress.