The board probably felt that they had no alternative.
Think of it like a system restore for a computer. You know there’s a problem, but don’t know how to fix it so you go back to the last working state and figure things out from there.
I mean… Iger hand picking Chapek got us into this mess in the first place. Maybe this time he can find a guy with at least one creative bone in his body
All of this is just a big game of how much value engineering one company can get away with before it becomes detrimental to the business and customers have had enough.
Everyone here should be rooting for UNI to eat WDW's lunch. You can value engineer something when you feel like there's no...
It's death by 1,000 cuts / what point you notice the cumulative change.
When you're talking about a very basic Disney vacation for a family of four - flights, moderate resort, dinner and a couple breakfasts on property, tickets and merch, the cost is creeping towards $10K. When you're talking...
I think the Fed is going to hike us into a deep recession by the end of 2023 to try and get inflation under control. When you have stagflation, that's an environment to get people to reconsider their discretionary purchases if I've ever seen one.
If that happens, Chapek's current plans could...
Sad, but not surprising. Like all large corporate value engineers, Chapek is betting on the brand.
He thinks the brand is so strong that it will sell tickets despite massive price increases. He thinks the brand is strong enough that reduced quality and service won't stop people from coming...
Nope. Corporations are generally cowardly and try to avoid controversy because it's bad for business (or seek controversy when they think it's good for business).
Disney's initial statement was in response to the backlash regarding their silence. Chapek thought that he could appease the group...
Again, we will find out if dissolving RCID in this manner is constitutional or not. By dissolving it, they're removing a privilege, they're not infringing on a right available to others. And it's within their power to do so as of today. If it holds up in court then yes, it works both ways. I'm...
If it's unconstitutional, we'll find out well before it's actually enacted (and that's a good thing). DeSantis was JAG lawyer. You'd assume he'd know whether this is unconstitutional or not before pursuing it. But I'm fine sitting back and waiting for the process to play out as people much...
Yes it does. If voters don't like the actions of their politicians, they can remove them.
Disney is able to wade into political waters and take sides on an issue. Politicians are able to revoke special privileges given to corporations they no longer feel are neutral.
The issue isn't whether...
Executives using their corporation's economic power to attack a person or entity who has an opposing view is inherently wrong in a democracy. Their power only exists because the board and shareholders elected them. Their job is to serve.
This is not me arguing against the point you're making...