Abigail Disney says Disney CEO Bob Iger's pay is 'insane'

An heir to the Walt Disney fortune has launched a scathing attack on the "insane" $USD65.6 million ($91 million) pay package claimed by the company's CEO, which she says could have been used to fund a 15-per-cent pay rise for all Disneyland employees. "I like Bob Iger", said Abigail Disney in a series of 22 tweets on Sunday.

Disney said in a tweet that she doesn't speak for the Disney family and that her only role at the company is as a shareholder. Other than owning shares (not that many) I have no more say in what happens there than anyone else.

"By any objective measure a pay ratio over a thousand is insane", she said of Iger's compensation.

Consulting firm Equilar, which publishes the Equilar 100 list of the highest CEO pay at the largest companies, said Iger is the third-highest paid CEO at the top companies by revenue.

Executive pay in the range of what Iger makes has "had a corrosive effect on society", Disney said.

"When he got his bonus previous year, I did the math, and I figured out that he could have given personally, out of pocket, a 15-percent raise to everyone who worked at Disneyland and still walked away with $10 million", Disney said, according to Fast Company. "There is such a thing". His pay was largely boosted by long-term incentives associated with his contract extension, which was announced alongside the deal for Disney to purchase most of 21st Century Fox.

In a statement to Benzinga, a Disney spokesman said the company has made "historic investments" in the upward mobility of its workers, including a starting hourly wage of $15 at Disneyland.

Abigail Disney launched her own production company after a failed attempt to purchase assets of Weinstein Company, the newspaper reported.

"What on earth would be wrong with shifting some of the profits-the fruits of these employees' labor- to some folks other than those at the top?" said Abigail on Twitter. Commenting on the $65 million bonus, she tweeted, "At the 65M dollar bonus range we are talking about something ridiculous". He most certainly does. What is clear is that the Walt Disney Company has been incredibly successful and shows no signs of slowing down.

Disney, who is an Emmy award-winning filmmaker and activist, has been outspoken on the topic of income inequality in the past as a member of Patriotic Millionaires, which calls for higher taxes on the wealthy. "We all know the federal minimum is too low to live on, " she said, adding "So why must we, at a company that's more profitable than it's ever been, be paying anything so close to the least the law allows?". I like Bob Iger. "Hate and anger are dragging us towards the abyss once again, and apathy is growing. consuming our public discourse and shaping our country into something that is wholly unrecognizable".

Disney took to social media to reemphasize her point.