News & Features » News

MickeyĆ¢??s payroll watch

comment

Last year Disney CEO Michael Eisner cleared nearly $6 million, although all but $750,000 of his annual pay comes in the form of a "performance bonus" tied to an increase in the value of the stock. But with Disney shares languishing, Eisner in December approached his board of directors and asked for a new deal. He got it.

Ray Watson, a former Disney chairman and a current member of its board pay panel, recently told the Wall Street Journal that the board is "not setting him up just to send him over a `bonus` check no matter what happens." Yet while Eisner was guarding against incorrect perceptions about his income, local Disney bosses recently sent a memo to cast members. It admonishes them to be more careful about clocking in and out: If a time card shows a mistake, the employee won't get that day's wages for two weeks or more.


We welcome readers to submit letters regarding articles and content in Orlando Weekly. Letters should be a minimum of 150 words, refer to content that has appeared on Orlando Weekly, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at feedback@orlandoweekly.com.

Support Local Journalism.
Join the Orlando Weekly Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Orlando Weekly Press Club for as little as $5 a month.