Posted by
Daniel Crandall on Thursday, January 17, 2008 2:19:00 PM
Disney is giving its CEO, Robert Iger, a
7% pay increase, making his total compensation package for 2007 valued at about $27.7 million. If that is what Disney wants to pay its CEO, then it's no skin off my nose.
However, when the you take that information together with the fact that if Disney gave the Writers Guild of America everything it wanted then it would only cost Disney about $6.25 million a year. In other words, Robert Iger could write
a personal check to settle the strike and still have a total annual compensation package worth over $21 million.
On the other hand,
the Hollywood Hill, a group of liberal Hollywood activists (brought you by the Department of Redundancy Department), see its reason for being as follows:
"The entertainment industry, and again, Hollywood in particular, has a
charter to entertain and to provoke the imagination, raise awareness,
present controversy, catalyze reflection, thought, and discussion, and
in so doing, Hollywood has come to recognize that it has the
responsibility to advocate and catalyze global responsibility. Like the
free press but packaged in a manner to achieve its charter, Hollywood
has the capacity to be a catalyst for social change."
Reading something like that makes me hope that Mr. Iger keeps his checkbook closed.