An executive who has been at Disney for just over three months has been found to have taken out an average of over 200 million won a day, causing controversy.
According to the Wall Street Journal (WSJ) on the 18th (local time), former Disney chief corporate officer Jeff Morell joined the company on January 24 last year and announced his resignation on April 29 of the same year. I received a salary of 10.29 billion won).
Considering that he worked for the company for 70 days, he was paid $119,505 a day.
Adding in the severance pay of 4,006,849 dollars (approximately 4.93 billion won) he received additionally under the agreement to terminate the employment contract, the average amount he took every day he went to work was 176,746 dollars (approximately 220 million won). ) increases.
Not only this.
Disney subsidized $527,438 (about 650 million won) for Morel and his family from London, England, to move to Los Angeles (LA), USA, and the family moved again two months after leaving the company. I paid $506,310 (about 620 million won) for the cost.
The moving support Morel received is 4 to 5 times more than the money Disney gave to other executives at the same time.
Last year, Disney paid $125,021 to Chief People Officer Paul Richardson and $81,246 to General Counsel Horacio Gutiérrez for the same.
In addition, it appeared that Disney bought the Pasadena, Calif., home that Morel bought for $4.5 million last April for the same price.
Morel's ultra-high salary and severance pay are expected to become more controversial as Wall Street activist investor Nelson Peltz criticized the management's excessive salary and demanded participation in the board of directors.
In particular, criticism is focused on the fact that Morell, who was in charge of corporate communications and government affairs, was able to collect an astronomical salary and severance pay in a short period of time despite suffering a major measles by incorrectly responding to Florida Governor Ron Disantis' homosexual education ban.
Florida banned classes and discussions on the subject of gender identity or sexual orientation in schools for kindergarten to third graders, but Morel and Bob Chapek, then CEOs, decided not to get involved in sensitive issues and to remain silent. The decision was met with strong protests from the staff.
Due to protests, he belatedly announced that he was opposed to the bill, but this time he incurred the wrath of Governor Disantis, resulting in only swearing from both progressives and conservatives.
Morel also made the mistake of tweeting the opening date of the 'Guardians of the Galaxy' rollercoaster, which was classified during his tenure, the WSJ reported.
Morel, a graduate of the US Department of Defense and British oil company BP, is currently the president of Global Strategic Communications at Teneo Holdings, a consulting firm in Washington, DC, after a short and bold Disney career.
(Photo = Disney website capture, Yonhap News)