Robert Reich Takes On Disney CEO Bob Iger Over Hollywood Strike Remarks: 'CEOs…Raking In Millions Off Of Workers' Labor'
Portfolio Pulse from Anan Ashraf
Former Secretary of Labor, Robert Reich, criticized Disney CEO Bob Iger over the ongoing Hollywood strike. Reich accused CEOs of pretending they can't afford to pay workers fairly while earning millions themselves. The Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) failed to reach a deal with producers on pay and the impact of artificial intelligence on film studios and streaming services, leading to a double-strike. Disney recently extended Iger’s contract through 2026, with the opportunity to receive an annual incentive bonus of five times his base salary.

July 15, 2023 | 7:14 am
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Disney is directly involved in the ongoing Hollywood strike, with its CEO being criticized for his stance on the issue. The company recently extended the CEO's contract with a significant incentive bonus, amidst the labor dispute.
The ongoing Hollywood strike and the criticism directed at Disney's CEO could negatively impact the company's reputation and operations. The recent extension of the CEO's contract amidst the labor dispute could further fuel the controversy, potentially affecting the company's stock price in the short term.
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