Thursday, December 24, 2009
Nothing much new to note in this New York Times article: "Iger’s Pay at Disney Slips by 28%" except the term "golden coffin".

Wha?!

    The Disney board has also decided to end a perk allowing for posthumous payments to the heirs of top executives should they die on the job, a controversial benefit known in financial circles as a "golden coffin." Disney will not renew the benefit when current contracts expire, according to the filing. The move follows investor complaints.

I assume this would most recently apply to Frank Wells.

I wonder if we can find a list somewhere of all of the "golden coffin" payees?

Saldy I don't think Roy O. Disney would count - he retired just before his death on December 20, 1971.

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posted by Josh at 8:50 AM |


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