On layoffs, very bad attendance, and Iger's legacy being one of disgrace

[Sirwalterraleigh]

It's going to be nightmare fuel with a cherry and pixie dust dusting.

That’s very doom and gloom. I assume for dramatic effect?

@pheneix has just given us an update, so let's all (myself included) get back on track. Thank you.

Not much of a “track”
Left on this one, Ma...

The thread title doesn’t even make sense

Not a financial analyst by any means, but watching the stock price will be fascinating. Disney's revenue numbers will be abysmal, but who doesn't expect them to rebound once there's any kind of return to normalcy?

I don’t think you’ll see much movement...for now.

I would agree...the market has already priced in any news from tomorrow. Furthermore, it has already considered the “rebound.”

Because stocks have been proven to be basically bogus now?

 

[pheneix]

Not so much an update as a well thought out on topic post.

I heard the death rattles coming from this thread. Can't let it go out in a whimper.

 

[DVCakaCarlF]

I feel like you're hinting at something, but I can't quite put my finger on it.

She liked that he didn’t bring up politics.

 

[DVCakaCarlF]

That’s very doom and gloom. I assume for dramatic effect?

Not much of a “track”
Left on this one, Ma...

The thread title doesn’t even make sense

I don’t think you’ll see much movement...for now.

Because stocks have been proven to be basically bogus now?

Not bogus, but “optimistic” and “stimulated” by the public and government, respectively.

 

[Sirwalterraleigh]

Further agree. The stock price reflects a sentiment that "things will be okay" and the company will emerge unscathed. That is totally insane but it is probably gonna be the opinion that rules the day. There's also a ton of global government stimulus money that's keeping the markets afloat. Like a ton a ton.

We've definitely discussed the grim on here because its real and we know the world has changed forever. The business world is operating on a lie that things will "come back." Even consumer advertising has a kind of brow beating message saying it.

But you know what? A ton of people are about to lose their jobs in Florida. Not just the lousy people too. All this talk on how the stock price is saved is predicated on the broken backs of working people. Bob Iger's "legacy" can only be salvaged by thousands losing their livelihoods. This is a disgrace. This company is facing an end to its independent existence. It ends with an inevitable absorption into larger corporate beasts. What a disgrace of a legacy to leave behind. A bright side? Most of what we care about at the "Disney" we love will be better off.

I shoulda saved that rant for a sequel thread. Oh well.

You summed it up beautifully... and perfectly encapsulated why they aren’t “stocks” by definition anymore. It’s no longer product and performance...it’s “what I feel it’s worth/want it to be worth what I say”

Like my basebll cards

 

[DVCakaCarlF]

Further agree. The stock price reflects a sentiment that "things will be okay" and the company will emerge unscathed. That is totally insane but it is probably gonna be the opinion that rules the day. There's also a ton of global government stimulus money that's keeping the markets afloat. Like a ton a ton.

We've definitely discussed the grim on here because its real and we know the world has changed forever. The business world is operating on a lie that things will "come back." Even consumer advertising has a kind of brow beating message saying it.

But you know what? A ton of people are about to lose their jobs in Florida. Not just the lousy people too. All this talk on how the stock price is saved is predicated on the broken backs of working people. Bob Iger's "legacy" can only be salvaged by thousands losing their livelihoods. This is a disgrace. This company is facing an end to its independent existence. It ends with an inevitable absorption into larger corporate beasts. What a disgrace of a legacy to leave behind. A bright side? Most of what we care about at the "Disney" we love will be better off.

I shoulda saved that rant for a sequel thread. Oh well.

Meaning PR&E being absorbed into another Corp or all of TWDC being absorbed?

 

[Sirwalterraleigh]

Not bogus, but “optimistic” and “stimulated” by the public and government, respectively.

Gambling with no risk...which is bogus

 

[DVCakaCarlF]

You summed it up beautifully... and perfectly encapsulated why they aren’t “stocks” by definition anymore. It’s no longer product and performance...it’s “what I feel it’s worth/want it to be worth what I say”

Like my basebll cards

Stocks have been that way long before all this (Covid).

 

[Sirwalterraleigh]

Meaning PR&E being absorbed into another Corp or all of TWDC being absorbed?

Iger quits...from whatever job it is he says he has

 

[Sirwalterraleigh]

Stocks have been that way long before all this (Covid).

I agree...which is why all this talk of “dumping” and “massive declines” makes zero sense

 

[DVCakaCarlF]

Iger quits...from whatever job it is he says he has

 

[DVCakaCarlF]

I agree...which is why all this talk of “dumping” and “massive declines” makes zero sense

But haven’t well all benefitted from the growth of the stock market?

 

[DVCakaCarlF]

Gambling with no risk...which is bogus

In this instance, the stimulus is needed.

 

[tirian]

That is a really good summary. Heard tidbits over the years - but never saw the backstory as laid out.

Very informative. I’m such a “negative” (or perceived as such) to insiders because of the three bold letters...but this is pretty informative. Thank you.

Yeah, I figured it was a good idea to explain why so many people came here.

I forgot to mention Eddie Soto himself used to freely and openly converse on the boards; he just stayed away from anything which might cross NDAs. That’s how many insiders were involved.

 

[Sirwalterraleigh]

He already quit and slid down the back dwarf elevator once this year...weren’t you on the google that day?

Disney gonna rake profit anytime soon? Reasons for him to hang around?

I’m kidding...but maybe not...

 

[Brer Oswald]

@pheneix Dont mean to press you too much, but about that sequel thread...is that coming tomorrow? Or do you not have the clearance to talk about it?

 

[pheneix]

Any guesses on the timing of this? This week? This month? @pheneix

They'll probably begin immediately after they announce the actions they intend to take. Usually these things come in waves afterward.

I hope they offer a voluntary separation option before an involuntary sacking. Those tend to benefit salaried jobs higher up the food chain more than the front lines. I hope they are offering options for a dignified exit. What does my gut say? It's not gonna be that nice.

 

[Sirwalterraleigh]

In this instance, the stimulus is needed.

In this case...so when the stimulus is wearing off and they “take their medicine”...Disney will drop to $40 a share where it should be based on its decline in revenue/performance?

 

[DVCakaCarlF]

In this case...so when the stimulus is wearing off and they “take their medicine”...Disney will drop to $40 a share where it should be based on its decline in revenue/performance?

Is that when they are acquired?

 

[brianstl]

He already quit and slid down the back dwarf elevator once this year...weren’t you on the google that day?

Disney gonna rake profit anytime soon? Reasons for him to hang around?

I’m kidding...but maybe not...

If we mean Iger pulled a PR stunt where he tried to put himself in a position where he could avoid all blame if his house fell apart while still being in position to take credit if the people left behind managed to right the ship? Then yes, he already quit.