The Walt Disney Company reported fiscal year compensation for CEO, Robert Iger, to be $65,645,214. This has raised the attention of many, including Disney heir, Abigail Disney.
Let’s look at the ownership at Disney.
Vanguard controls 7.1% shares outstanding or $11 billion plus
BlackRock controls 6.2% shares outstanding or $10 billion plus
State Street Corp controls 4.0% shares outstanding or $6 billion plus
State Farm controls 2.83% shares outstanding or $4 billion plus
Fidelity controls 1.66% shares outstanding or $2.7 billion plus
CALPERS, CA public employees pension has an interest of $376 mil+
All of these intermediaries represent millions of YOU that are 401k, 403b, etc., investors. CALPERS is investing on behalf of retirees. If you’re offended by this compensation, as we are, the Disney compensation committee consists of the following members:
Maria Elena Lagomasino (chair)
Mark G Parker
Board members can be contacted at:
The Walt Disney Company
500 South Buena Vista St.
Burbank, CA 91521-0931
We hope you’ll contact Disney, as well as your mutual fund manager to let them know you don’t like this. Make your voices heard!
Vanguard, State Street, BlackRock, Fidelity, and other mutual fund managers hold retirement accounts for millions of Americans. They act as or work with recordkeepers that offer 401k, 403b, 457, and other retirement accounts for several million businesses that sponsor these plans. We see this reflected in statistics on the largest stock holders of the largest companies in the U.S. You, the individual, are the actual owners.
United Shareholders exists to make your voice heard on executive pay and other governance issues not only to corporate directors, but the intermediaries like Vanguard, BlackRock, etc., that both control your shares and vote your interests. We believe that far too often, they vote with management, ignoring what you, their customer and the actual owner, would do if you were voting your interests. Please watch the video.
If you are a union member and anticipate receiving a union pension, your pension is likely funded with a few hundred or a few thousand corporate stocks and bonds. Those corporations are central to your pension paying your benefit and therefore gives you an economic interest in those corporations. Rather than say the corporation is bad, we think it is better for you to influence the corporation in ways that reflect your values. We want to engage the millions of you that are teachers, cops, firefighters and other public employees. Watch our video on this subject.
United Shareholders purpose is to empower the millions of you that own stocks directly, indirectly through mutual funds (including 401k’s, 403b’s, etc.) or will benefit from union pension funds. Millions of Americans belief corporate behavior on issues such as executive pay need to be changed and we intend to make your voices heard in the boardrooms across America.