|Disney Slashes Executives Pay amidst Duck Dynasty Backlash|
|by Tom McGregor||Mon, Dec 23, 2013, 08:33 PM|
Disney Corp. owns A&E, which recently fired Phil Roberston on Duck Dynasty over his alleged anti-gay remarks. A backlash against political correctness has ensued and Disney is getting hit hard in the pocketbook.
According to Reuters, "Walt Disney Co has slashed Chief Executive Bob Iger's fiscal 2013 compensation by 15 percent with a bonus cut, and named Twitter Inc co-founder Jack Dorsey an independent board director."
Millions of American Duck Dynasty fans have pledged to boycott Disney and A&E until Phil robertson is reinstated on the show.
As reported by Reuters, "Dorsey, widely credited with creating Twitter alongside fellow co-founders like Ev Williams, Biz Stone and Noah Glass, will stand for election at Disney's March 18 annual meeting, Disney said in a statement on Monday."
Soon Disney will be reporting its corporate earnings and analysts have already speculated that they will face rough seas ahead.
To read the entire article from Reuters, link here:
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