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On layoffs, very bad attendance, and Iger's legacy being one of disgrace
- Thread starter pheneix
- Start date
flynnibus
Premium Member
Yeah - but the economy is interconnected. Where people would expect jobs to be shed.. aren't the only areas.. because while someone says "oh the waiter at the restaurant is sure to lose his work..." - this trickles way way back up the chain as all the companies that sell products to that restaurant are impacted, etc. Suddenly you have a Sales VP at a telecomms company sweating because it is not that his company is shutdown, it's the whole web of industry that is slowed that works its way back to them.
The drop in demand across the board is the real killer. Disney Parks and places like vegas are hyper exposed because they are so narrowly defined. When the travel engine shuts down... it's like someone sucking all the air out of the room.
Until the airline industry gets back to a healthy upward trend... I see Disney staying in deep doodoo.
UNCgolf
Well-Known Member
I think that's a big issue, actually (well, not so much for Disney -- it's a great thing for the company).
So many people don't realize how incredibly good WDW was in the early 90s. They have no memory of EPCOT being absolutely incredible, nor do they realize how much has been lost at the Magic Kingdom -- not as much in terms of rides (there are a few gone), but in terms of all the other interesting experiences like all of the themed stores that have been replaced with shops all selling the same merchandise everywhere.
They don't have that as a comparison point, so they don't know how far downhill things have gone.
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1HAPPYGHOSTHOST
Well-Known Member
Why does Walt look different?
"Your company? That should had been my company!"
Have the "off-the-menu" shrimp-on-slaw and the char siu pork.
Try walking into your random Wally World. That's where DD found one last week.
It was Doctor Phillips/International Drive before the parks existed, but now it's its own thing.
I wouldn't go that far, but I truly believe that just like the US presidency, Disney should have a mandatory time limit for CEO, President, and Chairman.
rabidstoat
New Member
I had some vacations already budgeted for this year, money set aside but not yet spent on down payments. When the vacation plans got scrapped I used some of the money on new electronics, got myself a laptop I could play video games on plus a Switch and a couple of games. I figured I'd be around the house a lot more and wanted to expand my entertainment options. So maybe people are doing that, spending money they budgeted for vacations but can no longer spend.
Or they could just be throwing expenses on their credit cards.
UNCgolf
Well-Known Member
Definitely not. Eisner was a great CEO for both the studios and the parks for the early part of his tenure and vastly superior to anything Iger has done.
flynnibus
Premium Member
Yes, but that's just a 'trade A for B' situation. Reality is vast swaths of the economy have no idea when they will even be able to function AT ALL - let alone at healthy levels. Or all the people they employ, or all the work facing slowdowns not just in single or double digits... but multiples of their worst slowdowns ever.
In those kinds of outlooks... you don't simply 'buy local instead of travel' - you wonder where the heck my future income is going to be coming from? This is why entities like Universal and Disney are putting on the brakes on so many things... they aren't shifting spending, they are shedding spending and future spending.
Yet... for many, people are spending on luxury goods like mad. It's wild.
flynnibus
Premium Member
Don't worry... there are plenty here that would jump in and tell you that they've been visiting Disney since 2007 and it's the greatest thing ever... you're just being nostalgic
Doesn't matter how many examples you give... They thought them being wowed was as good as it gets.
This is it. We swung by Aldi a few weeks back when they were advertising inflatable pools. I thought it'd be cool to have one in the backyard. We were at the store within an hour of open the day the ad came out, and they were already sold out.
Brer Panther
Well-Known Member
Well, I basically meant post-Disneyland Paris Eisner.
We were able to buy one in April on amazon, at regular retail price. Miraculously. Use nowinstock.net on a computer and set it up desktop alerts + pop open the purchase window. That's also how we've been able to get stuff on Amazon that's in short supply, like hand sanitizer and disinfectant spray and wipes.
Animaniac93-98
Well-Known Member
Chapek: Any publicity is good publicity!
Last part not a surprise. The rich are getting richer, and the poor are getting poorer.
On the ppl staying at home and buying expensive stuff relative to their means -- a lot of income losses got replaced by the government UI program. Some of the Wall Street analyst critters think that represents 4% of American GDP that was saved from total income losses. Changes in govt benefits could have an immediate adverse effect on the economy. Massive reductions in spending overnight. Perhaps 1-2% off the GDP immediately.
This in-home spending surge is probably already coming to an end. Supply should meet demand soon.
And if I'm wrong, holy crap all our global government stimulus programs were successful.
This in-home spending surge is probably already coming to an end. Supply should meet demand soon.
And if I'm wrong, holy crap all our global government stimulus programs were successful.
mickey0825
Active Member
Eisner saved Disney...he and Frank Wells rebuild the company, saved in from corporate takeover and laid the groundwork for everything it is today.....I give Iger credit...he expanded in areas no one foresaw but Eisner was a true pioneer