TED Talks Daily Dignity isn't a privilege. It's a worker's right | Abigail Disney
Sep 2, 2020
In a compelling discussion, activist and filmmaker Abigail Disney, granddaughter of Roy Disney, argues for prioritizing workers' dignity over shareholder interests. She shares poignant stories highlighting the need for companies to offer respect and living wages, especially in Disney's own workforce. Disney critiques the shift towards shareholder primacy and advocates for ethical leadership that values workers. Her insights call for a transformative change in corporate ethics, framing dignity as a vital element for long-term success and a fair business environment.
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Grandpa's Lessons
- Abigail Disney shares a fond memory of her grandfather, Roy O. Disney, co-founder of The Walt Disney Company.
- He instilled in her the values of respect for workers and humility, emphasizing their hard work and the importance of not littering.
Disneyland Jobs Then and Now
- In Roy Disney's time, a Disneyland job provided a living wage, enabling homeownership, family support, and retirement security.
- Despite opposing unions, he felt a moral obligation to his employees' well-being.
Shareholder Primacy's Rise
- After Roy Disney's death, shareholder primacy took hold, shifting focus from worker well-being to profit maximization.
- This mindset, promoted by Milton Friedman, transformed business practices and governance.