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re: Bob Iger made 32M in 2023
Posted on 1/17/24 at 8:41 am to rebelrouser
Posted on 1/17/24 at 8:41 am to rebelrouser
quote:
You would think he did a great job.
welcome to capitalism where you don't need to do a good job to make a lot of money.
4
Posted on 1/17/24 at 9:06 am to Byron Bojangles III
quote:
welcome to capitalism
Cronyism.
Iger is objectively bad at his job from a capitalistic standpoint. Were he being judged by the market, he'd have been fired already. That he still has his job, and is still being paid like he is, is evidence of Cronyism at play - not capitalism.
Posted on 1/17/24 at 9:11 am to Byron Bojangles III
quote:
welcome to capitalism where you don't need to do a good job to make a lot of money.
If this was about capitalism, Disney would be making a lot more money and there wouldn't be talks of a shareholder coup.
Posted on 1/17/24 at 9:45 am to Byron Bojangles III
quote:
welcome to capitalism where you don't need to do a good job to make a lot of money.
Bob took over as CEO in 2005. The stock price had a low of $25 in 2005. The stock price was about $150 when he “retired” end of 2021. He did a fantastic job in that time, and he’s being paid huge money because of that record
Posted on 1/17/24 at 9:46 am to Byron Bojangles III
quote:
welcome to capitalism where you don't need to do a good job to make a lot of money.
Cronyism is not capitalism. Capitalism would mean Iger gets a negative salary.
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