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

M

Mrtko

Member
pheneix said:
So you have today where Disney pulled every accounting trick in the book and ppl act like it’s a giant reset button. Lol, it’s not.
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I don't see any accounting tricks. What I see is a major delay in paying people and a real effort to collect what was due. I also saw debt pushed out. The current portion of debt went from $12B down to $10B, so $2B went into the future. It looks like a really alert and fast acting financial management crew that borrowed from the future to survive the present.

Having said that, I greatly appreciate your contribution and don't doubt that a new Disney is emerging. Bob Igor not being present was telling.
 
P

pheneix

Well-Known Member
Original Poster
Brer Oswald said:
Layoffs haven’t happened yet (according to him), Iger was a no show, and Splash (or any theme park additions/changes) weren’t discussed. The only reason for his opinion to change would be based on what his sources tell him. Not on the earnings report.
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WDC has more cash than every single source I know said they did. It was a debt fueled cash haul. But there’s still a little more left under the mattress than any of my peeps thought or claimed there was. So that’s a thing.

Bob Iger was not anywhere near this presentation to shareholders this afternoon. That is a thing too.
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
pheneix said:
Bob Iger was not anywhere near this presentation to shareholders this afternoon. That is a thing too.
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That's your opinion. Stop saying these sort of things in a "insider's scoop" thread as if this was more insider scoop. It's all part of a spin you gave away in the thread title and you're still spinning.

Hey folks, this isn't inside information. It's perfectly normal for the CEO and CFO to be on the call and not the Executive Chair of the Board to be there. Don't buy the spin.
 
Brer Oswald

Brer Oswald

Well-Known Member
MisterPenguin said:
That's your opinion. Stop saying these sort of things in a "insider's scoop" thread as if this was more insider scoop. It's all part of a spin you gave away in the thread title and you're still spinning.

Hey folks, this isn't inside information. It's perfectly normal for the CEO and CFO to be on the call and not the Executive Chair of the Board to be there. Don't buy the spin.
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False. Iger is quite clearly the puppet master. Up until now, Iger was literally (not metaphorically) holding Chapek by puppet strings. Sometime between the last call and now, Chapek found a pair of scissors, cut those strings, and overthrew Iger.

Reportedly, he sang the famous song from Pinocchio as he was doing it. Which surprises me, considering that’s an IP from Walt’s era.
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
Mouse Trap said:
But if he was there it would be telling that no one has faith in Chapek and he’s on his way out as the scapegoat. Hard to win this game when both outcomes would be a loss ;)
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So the tell then is... both Bobs' positions are completely safe!

Thanks @pheneix for pointing out that Bob Chapek will be around for a long time and that Bob Iger will stick around to the end of his term on the board.

What great news!!
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
Brer Oswald said:
False. Iger is quite clearly the puppet master. Up until now, Iger was literally (not metaphorically) holding Chapek by puppet strings. Sometime between the last call and now, Chapek found a pair of scissors, cut those strings, and overthrew Iger.

Reportedly, he sang the famous song from Pinocchio as he was doing it. Which surprises me, considering that’s an IP from Walt’s era.
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Um... you just posted that Iger is the puppet master and that Chapek isn't controlled by the puppet master...
 
TheDisneyDaysOfOurLives

TheDisneyDaysOfOurLives

Well-Known Member
In the Parks
Yes
pheneix said:
100% stand by every word. The timing of it all around earnings brings it the highest level of scrutiny, and that’s fine.

Corporate earnings reports are getting about as credible as TEA attendance estimates. But they are the only agreed upon starting points to even talk about a firms financials. So you have today where Disney pulled every accounting trick in the book and ppl act like it’s a giant reset button. Lol, it’s not.
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I thought it was illegal to falsify the corporate earnings reports/10-K?
 

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