Hollywood writers are striking over their pay. During the pandemic, top executives' compensation ballooned to $1.4 billion.
Also placing were the CEOs of Amazon and Apple, tech giants that own Amazon Studios and Apple TV+; the cable company Altice USA; Charter Communications, whichEmanuel was the second highest-compensated entertainment executive in the Times’ analysis, with his package valued at nearly $350 million over five years, largely reflecting stock awards he received from the company’s IPO in 2021. He may never receive the full value of the awards.
“There’s no rhyme or reason to it, other than I think being tone-deaf in the boardrooms in the executive suites of Hollywood,” he added. “If nothing else comes out of the writers’ strike, having this focus on that gross disparity in pay, I think, is going to be productive.”James Reda, an expert in executive compensation, said Hollywood executives get paid a premium of about 30% over their equivalents in other industries.
“The mechanisms on which these comp packages operate will always accelerate pay in a way that’s probably disconnected from the actual performance of the company,” Elson said.The issue has certainly aggravated tensions with striking writers, who see evidence of a widening income divide. The WGA does not release median pay data for its members — who include show creators like Ryan Murphy and Shonda Rhimes with multi-million deals.
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