Success should be rewarded. If you’re good at what you do, you should be paid for it.
But when such things grow out of proportion, it borders on insanity.
For instance, the head of the Walt Disney Company, Bob Iger, recently announced that there would be layoffs to cut costs, which is an idea I can get behind.
Sometimes companies, like people, can become fat, making them slower and less able to compete (though making films like “John Carter,” which lost around $200 million doesn’t help the old bottom line) though my BS detector goes off when I learned that Iger earned around $31.4 million in compensation last year, and now the company he’s leading is laying off people.
If Disney needs to downsize operations to be more efficient, then I get it. If they’re trying to save money, then why doesn’t Iger start with some of those ducats he’s earning, then go to his employees?
Such huge numbers, like $31 million dollars, are almost meaningless to me. I am aware of them, in a mathematical, abstract sense, though in terms of something real, something I can touch, it’s beyond my comprehension.
And to clarify: I am not saying that rich people can’t have their money, and the toys that accompany it, though I would wish that they cared a little more about the lives their actions touch.
Because, when all is said and done, the “little” guy that is the real engine of the economy, and creating more unemployed people doesn’t benefit anyone.