'I hope Bob Iger has one foot out the door.' abigaildisney spoke to TIME after Disney, the company her grandfather co-founded, replaced chief executive Bob Chapek with his predecessor Bob Iger
n a move that shocked many on Wall Street and beyond, Disney ousted its chief executive Bob Chapek over the weekend, after less than three years in the job, bringing back his predecessor Bob Iger to run the storied company.
earlier this year, which examines the widening disparity in the salaries of the workers at Disney’s parks and its top executives, especially that of Bob Iger.You were pretty critical of Bob Iger in your movieBob Iger chose to step down just minutes before the pandemic became what it was in this country. It was already what it was in China. He knew well what was headed our way, and I don’t think wanted to be at the helm when it happened.
It’s like this self-reinforcing circle. If you set up a person’s rewards on the basis of performance, that sounds very sound when you first think about it. But if the only way you measure performance is in share price, then the only way that they will perform is around share price. So it’s just this self-confirming logic. I can’t imagine that nobody competent would step up to run a corporation for say $10 million dollars a year or something more rational.
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