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Sen. Elizabeth Warren Slams Disney Theme Park Layoffs, Says Company “Prioritized Enrichment Of Executives, Shareholders”

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Jill Goldsmith Co-Business EditorMassachusetts Sen. Elizabeth Warren has blasted Walt Disney for deep staff cuts at its U.S.

theme parks announced recently even as she said the conglomerate has reinstated pay rates for highly compensated senior executives.In a letter to Disney’s executive chairman Bob Iger and CEO Bob Chapek, the former Democratic presidential contender said she was writing to express concern for what she called a lopsided focus on the enrichment “of executives and stockholders through years of hefty compensation packages and billions of dollars worth of dividend payments and stock buybacks” even as Disney said late last month it plans to cut 28,000 jobs at its domestic theme parks. “The payouts weakened Disney’s financial.

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