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

[Tom P.]

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

Only if that is organic growth that is backed by actual performance of the companies and is therefore sustainable over time. If it is all artificial card shuffling, propped up by the government printing money like there's no tomorrow, and destined to eventually come crashing down, then no.

 

[Sirwalterraleigh]

Those expecting the street to be surprised by anything in Disney's 10-K today are going to be extremely disappointed

I guess that would be dependent on one’s expectations??

 

[easyrowrdw]

Yes. And the best, most tangible way to show an employee that they are appreciated? Wages that cover basic living expenses.

After that, there’s also flexible scheduling, benefits, empowerment to make decisions, resources needed for personal safety, and general encouragement. As an employer, how many of these is Disney known for?

Yeah, this is like Herzberg's theory. The basics are needed, but only enough to keep people from being dissatisfied. If you want them to be satisfied, then you need the things you're talking about. I always thought that was interesting.

 

[tirian]

Those expecting the street to be surprised by anything in Disney's 10-K today are going to be extremely disappointed

People know it’s going to be bad. I think on these boards, we’re more interested to see the creative ways the company might report the news and cover itself.

 

[tirian]

I think there is zero chance we hear from Josh. Probably just Christine McCarthy, Chapek and maybe Iger (who will be addressing whatever good new is in the report if he is there).

D+ subscriptions and pretending their latest exclusive content is worth watching.

 

[disneyflush]

The fantastic news is WE ARE OPEN AGAIN!! We have made the necessary adjustments and expect to continue scaling up over Q4 in an aggressive, BUT SAFE, manner.

 

[Lilofan]

So how will they structure the earnings call presentation? Will Chapek speak at all? Will they make D’Amaro present the parks news?

CEO,CEO talk to Wall Street regarding all aspects of company. That's beyond Josh's level. It will be interesting what chiefs are left when the smoke clears.

 

[brb1006]

Disney’s Q3 FY20 Earnings Results Webcast - The Walt Disney Company

Listen here: https://thewaltdisneycompany.com/app/uploads/2020/07/q3-fy20-earnings.mp3 DOWNLOADS: Earnings Report Financial Reconciliations Audio Transcript Forward-Looking Statements: Management believes certain statements in this call may constitute “forward-looking statements” within the...

thewaltdisneycompany.com

Just in case you wanted the link

And it's own dedicated thread.

Disney's FY20 Q3 Earnings (8/4/20)

https://thewaltdisneycompany.com/disneys-q3-fy20-earnings-results-webcast/ The next earnings call will occur August 4th, 2020 at 4:30 p.m. EDT / 1:30 p.m. PDT. This should be very interesting.

forums.wdwmagic.com

 

[Jrb1979]

Yeah, this is like Herzberg's theory. The basics are needed, but only enough to keep people from being dissatisfied. If you want them to be satisfied, then you need the things you're talking about. I always thought that was interesting.

If only more businesses followed the Costco way things would be much better. They treat their employees well and pay them well too. Top wage at Costco in Canada is $27.65 plus $3500 bonus every 6 months.

 

[Lilofan]

If only more businesses followed the Costco way things would be much better. They treat their employees well and pay them well too. Top wage at Costco in Canada is $27.65 plus $3500 bonus every 6 months.

Isn't in Canada where it's a socialist system that a huge percentage of one's weekly paycheck goes to taxes?

 

[Lilofan]

Chapek -" labor is a huge component our our cost base. And so that will slide with the attendance."
Q2 earnings call with Wall Street

English translation - layoffs are coming

 

[Jrb1979]

Isn't in Canada where it's a socialist system that a huge percentage of one's weekly paycheck goes to taxes?

Not a huge percentage. About a 1/4 of your pay goes to taxes. The majority of Canadians get money back from income tax. It evens out in the end. The U.S. Costco top wage is $26. Its not that much less then ours.

 

[Brer Oswald]

Isn't in Canada where it's a socialist system that a huge percentage of one's weekly paycheck goes to taxes?

Depends on the job. I worked two minimum wage jobs last year. A small percentage was taken off each pay. Not a huge one. Ended up getting it all back this year.

The better the pay, the higher the tax, the less you get back.

 

[ImperfectPixie]

Not a huge percentage. About a 1/4 of your pay goes to taxes. The majority of Canadians get money back from income tax. It evens out in the end. The U.S. Costco top wage is $26. Its not that much less then ours.

That sounds like equal to or even a little less than in the US.

 

[tirian]

As a shareholder, I’m more concerned than I already was. It’s one thing to be unhappy with creative decisions; it’s another thing to realize the company’s business side has been mismanaged. There was no backup plan, just spend, spend, spend. Of course nobody could predict this year’s events, but anyone who passed Biz 101 would know you can’t spend forever and chalk it all up to “IP investments.” Iger was more foolish than I thought.



“Earnings are expected to be awful, with virtually every part of Disney severely impacted by the COVID-19 pandemic except for Disney+/Hulu, which have been notable beneficiaries,” LightShed Partners analysts led by Richard Greenfield wrote in a note Tuesday morning. “What will be far more important to investors is how management discusses their plans to deal with the unprecedented challenges facing Disney over the coming year(s).”

Disney earnings: Disney 3Q adjusted EPS top expectations, even as pandemic slams theme parks

Disney (DIS) is set to deliver its fiscal third-quarter report after market close on Tuesday. The results are expected to be ugly, after the coronavirus pandemic hit the company in its most lucrative theme parks, media networks and studio film businesses.

finance.yahoo.com

 

[AEfx]

That sounds like equal to or even a little less than in the US.

And they get a hell of a more lot for it than we do. If you want a fair comparison, add what we pay income taxes to how much we (and our employer) pay for health insurance, and then compare it to what they pay for taxes.

 

[BurnyMcBurnerface]

As a shareholder, I’m more concerned than I already was.

Then sell it.

but anyone who passed Biz 101 would know you can sell your shares whenever you want.

FIFY

 

[el_super]

As a shareholder, I’m more concerned than I already was. It’s one thing to be unhappy with creative decisions; it’s another thing to realize the company’s business side has been mismanaged. There was no backup plan, just spend, spend, spend.

What exactly would you be looking for in a backup plan? Decisions made that make the Walt Disney Company overall less reliant on theme parks for income, such as buying Pixar, Marvel, FOX or building out Disney+, are usually the kind of decisions derided by parks fans.

It is beyond absurdist to try to pin the current failings on Iger's leadership. Unless you have some evidence he created the virus in his basement, that is.

 

[BurnyMcBurnerface]

It is beyond absurdist to try to pin the current failings on Iger's leadership.

Nah, Iger pulled the trigger on the Fox purchase which left them exposed to the cash crunch.

What is absurdist is holding onto Disney shares so you can go handwring on an Internet forum with "as a shareholder" riffs. If you're still in DIS, you probably fell for the wallet inspector too.

 

[Miss Bella]

Not a huge percentage. About a 1/4 of your pay goes to taxes. The majority of Canadians get money back from income tax. It evens out in the end. The U.S. Costco top wage is $26. Its not that much less then ours.

26 is about 35 . Your 27 in cad is about 20 here.