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Disney CEO received $51.1M in compensation in 2008
http://www.breitbart.com/article.php?id=D95OJM081&show_article=1 ^
| Jan 16 08:52 PM US/Eastern
| By RYAN NAKASHIMA
Posted on 01/17/2009 12:40:10 PM PST by television is just wrong
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with this economy, maybe he should just take half that and reinvest the rest into the company so that so many employees are not laid off...
To: television is just wrong
Half of what? Most of that compensation package was worthless paper!
2
posted on
01/17/2009 12:42:09 PM PST
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: Spktyr
still more than most of the companies workers get.
To: television is just wrong
To: television is just wrong
The Walt Disney Co.'s chief executive, Robert Iger, received a compensation package worth $51.1 million in fiscal 2008, up 85 percent from a year earlier, but most of it came in stock options that are currently worthless...So, is it worth 51 million or is it worthless?
5
posted on
01/17/2009 12:46:15 PM PST
by
raybbr
(It's going to get a lot worse now that the anchor babies are voting!)
To: television is just wrong
So? Considering the turnaround Iger’s managed to do for Disney since that worthless Eisner got the boot, I’d say he might deserve what he’s being paid.
6
posted on
01/17/2009 12:49:05 PM PST
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: television is just wrong
At least the money didn’t go to that worthless, lying, gun controlling liberal scumbag Michael Eisner.
7
posted on
01/17/2009 12:51:16 PM PST
by
Hardastarboard
(Why do I find the Toyota "Saved by Zero" ads so ironic?)
To: television is just wrong
No one on the face of this planet is worth giving that much money to.
8
posted on
01/17/2009 1:02:10 PM PST
by
lilylangtree
(Veni, Vidi, Vici)
To: Hardastarboard
No, but you can be sure some of it went to elect “the one.”
To: television is just wrong
Robert Iger, received a compensation package worth $51.1 million in fiscal 2008, but most of it came in stock options that are currently worthless, according to a regulatory filing made Friday. Iger received the option to buy 3 million shares at $29.51 each on Jan. 31 last year when he agreed to a new five-year contract through 2013, the Burbank, Calif.-based company said in a filing with the Securities and Exchange Commission. Those and other options, which were estimated to be worth $34.4 million when they were granted, are currently worth nothing because the shares closed Friday at $21.46.Why do reports like this make my head hurt?
10
posted on
01/17/2009 1:05:19 PM PST
by
missnry
(The truth will set you free ... and drive liberals Crazy!)
To: television is just wrong
"maybe he should just take half that and reinvest the rest into the company so that so many employees are not laid off..." The company invested in Iger so that many more employees are not laid off. Why pay for employees you don't need? Maybe people of the special class that received stimulus checks last year should return them to the people who created the wealth.
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To: television is just wrong
It’s a gotcha headline that is totally misleading. I suppose the writer is hoping that his or her readers have the attention span of..”of, well newspaper readers”
To: lilylangtree
Nobody is “giving” him anything — he’s earning it.
A) If he creates value for shareholders, then he’s worth.
B) It’s not about fair. Anybody is worth as much as they can negotiate.
13
posted on
01/17/2009 1:22:28 PM PST
by
durasell
To: lilylangtree
"No one on the face of this planet is worth giving that much money to." Who "gave" him the money? Did someone just walk up to him and say "here ya go!"?
To: Sam's Army
The better question is who established the salary? Again, I repeat, no one presiding over a public company should be given that much money because they’re NOT WORTH IT!
15
posted on
01/17/2009 1:27:26 PM PST
by
lilylangtree
(Veni, Vidi, Vici)
To: lilylangtree
"Again, I repeat, no one presiding over a public company should be given that much money because theyre NOT WORTH IT!" And what does your W-2 say for 2008, comrade? I guarantee you someone in Washington thinks you aren't worth it, either.
To: lilylangtree
The board sets the salary.
Who establishes worth? If he is capable of making decisions that add a billion dollars to a company’s profits, then he’s certainly worth the expense.
Think about what a movie exec does. He gets a pile of hundred and twenty pieces of paper with words on it and decides whether or not to spend $50 to $100 million dollars or more to turn the paper into a very, very long piece of plastic with pictures on it.
17
posted on
01/17/2009 1:31:58 PM PST
by
durasell
To: lilylangtree
No one on the face of this planet is worth giving that much money to. Says who? Who is going to decide the worth of another person? You? Bureaucrats?
I'm still amazed at statements like these that prove a rather significant misunderstanding of free-market principles and the concept of economic liberty.
18
posted on
01/17/2009 1:35:45 PM PST
by
SaveTheChief
(Chief Illiniwek (1926-2007))
To: missnry
So three million shares at $21.46 are worthless? Can somebody explain that to me? Please!
To: mefistofelerevised
The shares are only worth something if the price of the stock rises above $21.46. If you received an option to buy three million shares at $21.46 in Citi two years ago, it was a pretty good deal — the stock was trading at $50+. A nifty profit. The same deal today, with the stock at $5.00 is a joke.
20
posted on
01/17/2009 1:39:28 PM PST
by
durasell
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