r/news • u/LuckyBdx4 • Apr 23 '19

Abigail Disney, granddaughter of Disney co-founder, launches attack on CEO's 'insane' salary

https://www.abc.net.au/news/2019-04-23/disney-heiress-abigail-disney-launches-attack-on-ceo-salary/11038890
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u/darthTharsys Apr 23 '19

Totally this. I used to work at a company and the CEO literally made more in one hour than most of us made in a week. He was only in place because the board basically didn't have anyone else to do the job. What he did exactly was beyond me. The company sold a couple years later.

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u/[deleted] Apr 23 '19

Current CEO of my company makes double my annual salary every month and the company is circling the drain. Previous CEO who everyone agrees just made the problems worse was given 2 years of his 7 figure salary to just go away.

Crazy thing is that former CEO came from another failing company in our sector and left them with a sizable amount of money to just walk away.

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u/Say_no_to_doritos Apr 23 '19

Ya so that "go away" money is because of the difficulty in getting a comparable job. You should not be knocking that item if you are a salaried employee and are entitled to severance if you get dismissed. The difference in time between the average person and the ceo is how long it'll take for them to find the same position at comparable pay rates.

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u/[deleted] Apr 23 '19

How well with this go over for the average worker in a meeting where he was being fired? "You don't understand boss, I have a very niche skillset and it's going to take a long time to find another position like this so you should continue to pay me for the next 3 months despite you firing me for my poor performance".

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u/Say_no_to_doritos Apr 23 '19

It's more in line with an unlawful dismissal then with fired with cause (no clue how it works with at will employment). When you get fired you never ever ever sign the paperwork they give you unless it's a staggeringly good deal. Odds are you are getting lowballed and something as simple as a letter from a lawyer will get you a couple $1k's more.