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Senator Elizabeth Warren criticized Disney for laying off thousands of workers while rewarding its executives with hefty bonuses and continuing its stock buyback plan. She called Disney’s actions “short-sighted and damaging” to its workers and their families.
WARREN’S CRITICISM
• Warren, a senior Democratic senator from Massachusetts, wrote in a letter to Disney’s executive chairman, Robert Iger, and CEO, Bob Chapek, that Disney’s decision to lay off 28,000 workers was “short-sighted and damaging.”
• She also criticized the company for reinstating pay for executives and continuing its stock buyback plan, calling it “unconscionable.”
DISNEY’S RESPONSE
• In response, Disney said it had to make “difficult decisions” due to the impact of the COVID-19 pandemic on its business.
• The company also said it has provided health benefits for employees and paid for their college tuition.
TOPICS COVERED
#Employment #CorporateAccountability #COVID19
SOURCE
This article is sourced from Yahoo Movies UK, which provides entertainment news and a diverse range of topics.
