Disparity in Hollywood Executive Compensation vs. Employee Layoffs
In 2023, Hollywood executives saw significant pay raises while mass layoffs and budget cuts affected employees. CEO's of Endeavor, Netflix, and Warner Bros. Discovery were among those who received substantial compensation increases despite the industry facing historic labor strikes and layoffs.
Key Points
- CEOs of major studios saw significant pay raises in 2023
- Employees faced mass layoffs and budget cuts
- Historic labor strikes brought the industry to a standstill
Pros
- Increased transparency on executive compensation in Hollywood
- Raises awareness about income inequality within the entertainment industry
Cons
- Negative impact on employees through mass layoffs and budget cuts
- Highlight of disparity in treatment between executives and lower-level workers