Intermittently, the filmmakers cut to photographs of Mr. Iger, who was Disney’s chief executive from 2005 to 2020, a period of stunning gains for stockholders (including Ms. Disney and other members of her family). Viewers are reminded that Disney awarded him a pay package in 2018 worth $65.6 million. Stock awards tied to the acquisition of 21st Century Fox assets made up 40 percent.
Ms. Disney and her sister are then shown reminiscing about their grandfather, Roy O. Disney, who founded the company in 1923 with his brother, Walt. “I cannot see him taking $66 million home for a year’s work in the same year when, at the same company, people can’t afford food,” an indignant Ms. Disney says. Her sister responds, “That would never have happened — that would never have happened.”
The Disney family has not been involved in managing Disney since their father, Roy E. Disney, stepped down from the board in 2003 and led a shareholder revolt that resulted in Mr. Iger’s ascension. Roy E. Disney died in 2009.
The New York Times was allowed to view the film ahead of its premiere. Disney, which was not given early access, responded to queries about the film’s content and tone with the following statement:
“The well-being and aspirations of our employees and cast will always be our top priority. We provide a leading and holistic employment package that includes competitive pay and comprehensive benefits for our cast members to grow their careers and care for their families. That starts with fair pay and leading entry wages, but also includes affordable medical coverage, access to tuition-free higher education, subsidized child care for eligible employees, as well as pathways for personal and professional development.”
The statement added, “We are committed to building on our significant efforts to date.”
Recent developments at Disneyland cut against the film’s narrative. In December, unions representing 9,500 custodians, ride operators and parking attendants ratified a new contract that lifts minimum starting pay to $18 an hour by 2023 — up from $15.45 last year, a 16 percent increase — and includes seniority-based bonuses. Disneyland has almost returned to full staffing after being closed for more than a year because of the pandemic, a spokeswoman said. The Anaheim resort employs roughly 30,000 people.
Article source: https://www.nytimes.com/2022/01/23/business/media/abigail-disney-documentary.html
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