Abigail Disney on Disney furloughs: ‘What the actual f—‘? – By Jordan Valinsky (CNN Business) / April 22 2020
New York (CNN Business) – Abigail Disney is flabbergasted over the Walt Disney Co.’s decision to furlough hundreds of thousands low-paid workers after paying its executives millions of dollars.
“WHAT THE ACTUAL F***?????” tweeted Disney, the granddaughter of Walt Disney’s brother, Roy Disney.
In a Twitter thread Tuesday, the outspoken family heiress slammed Disney’s decision to furlough theme park employees after the company paid dividends to shareholders and gave executives big bonuses. Disney hasn’t revealed dividend plans for 2020, and the company’s top executives took substantial pay cuts because of Covid-19.
The Walt Disney Co. announced earlier this month it’s furloughing employees “whose jobs aren’t necessary at this time.” The coronavirus pandemic has forced a major chunk of Disney’s businesses to temporarily suspend operations, including its parks, resorts and entertainment productions. More than 75% of the company’s 223,000 employees work for the Parks and Products division.
Continue to article: https://www.cnn.com/2020/04/22/business/abigail-disney-furloughs-bonus-pay-coronavirus-trnd/index.html
