TagBob Iger

Bernie Sanders Shows His True Colors in 'Avengers'-Fueled Disney Diss

Bernie Sanders, Disney

By CCN: Democratic socialist Bernie Sanders is having a slight beef with the Disney entertainment company after 'Avengers: Endgame' earned approximately $1.2 billion in its opening weekend. In a recent message on Twitter, the 2020 presidential hopeful criticized the film and television conglomerate for paying its CEO Bob Iger a salary of $65.6 million, roughly “1,400 times as much as the average...

Disney Heiress' Critique of Bob Iger's $65 Million 'Insane' Pay Rings Hollow

Abigail Disney, Disney

By CCN: Roy Disney's granddaughter Abigail Disney described Disney CEO Bob Iger's annual compensation package worth $65 million as "insane." On the surface, this is an admirable sentiment when taking into account that low-paid employees working at the so-called 'happiest place in the world' often struggle to survive earning $15 per hour. The support of the Disney co-founder's granddaughter would...

Disney CEO Bob Iger is Poorer by $13.5 Million Despite Masterminding $71 Billion Fox Deal

Disney Bob Iger

Disney's merger with 20st Century Fox is set to continue as Disney alters its current agreement with Bob Iger, slashing his potential bonus by $13.5 million. While CEO Bob Iger helped orchestrate the deal between Disney and Fox, sidestepping Comcast in a major bidding war, his salary has been an issue of controversy since March. Bidding War and Merger Disney won a hard-fought bidding war against...

Disney's Streaming Service Hasn't Even Launched and it's Already Hemorrhaging Money

disney earnings

Disney says it's likely to take a massive $150 million hit to its bottom line as it works to beef up its array of streaming services, including the yet-to-launch Disney+. However, concerns remain that the company may be turning a blind eye to the impact of these losses over the long run as it seeks to supplant Netflix as the digital content king. Disney CEO Bob Iger and CFO Christine McCarthy...