No - she's asking why Disney didn't stockpile money like scrooge mcduck for the last 4 years so they could be ready to face a complete shutdown. She criticized their dividend (aka - returning profits to the owners) and stock by backs (building owner value) - not because of their fiscal soundness or investment worth - but because it wasn't just giving all the money to employees... who YEARS later, due to no fault of the company itself, had their roles put in grave danger due to a GLOBAL EVENT.
Yes - please Disney... please explain to the senator why you didn't foresee this and why on earth you'd give billions in profits to your OWNERS. WHY DISNEY? WHY?
I apologize in advance if I didn’t post this in the right place on the forums here at WDWMAGIC, but I don’t think there’s a place intended for eating the rich threads yet.
TWDC has seen it’s share of problems since they’ve gone public: Death of Walt. Oil crisis. First downturn of the traditional animation studio. Take over attempts in the 80s. Frank Wells’ death. 9/11. Second downturn of the traditional animation studio. All of the SaveDisney stuff. 2008 housing and financial crisis. ESPN profitability issues. Shanghai. Scatter in some poor performing business ideas like regional Disney locations, bad acquisitions, and costly underwhelming parks that performed poorly.
Here’s TWDC stock history since January 1962:
Meanwhile, through a combination of US government inaction and policies made internally by those who hold onto the money at a given line of business, those in power have created a system where low and middle class workers wages are largely stagnant. Cost of living is still growing. Complete financial inequality versus the highest earners. There’s a ton of charts about this here.
Given the disadvantages these employees face, time and time again whenever Disney faces an economic downturn - regardless if it was an act of nature or the ineptitude of management - why are they the first to suffer? Why are they disposable?
God forbid TWDC would have to wait until cash is in hand to grow their business or acquire another network/studio/franchise/brand.
God forbid someone who has the means to invest money into the stock market have to take a hit when things at TWDC go south.
God forbid a TWDC executive, chief officer, president, or board member have to suffer for their inability to protect the low level plebes who work for them.