2011 Shareholder Meeting Update #12 – Q&A: More DL Resort Hotel Labor

Q: Another Disneyland Hotel worker brings up the labor contract issue. Is it right that top management makes so much while employees may lose health care?

A: Pepper: Addresses executive compenstaion portion. Subject requests enourmous scrutiny from the board. Issue is a balance between what is needed to recruit and obtain and responsible use of shareholder money. Compensation is related to performance. Commends Bob Iger on his performance – including, specifically, getting Pixar.