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Politics 28000 Layoffs coming to Disney's domestic theme parks - statement from Josh D'Amaro

This thread contains political discussion related to the original thread topic

RSoxNo1

Well-Known Member
If she wants to subpoena Disney to come testify... sure. Otherwise Disney can tell her to pound sand.
Right, they are under no legal obligation to respond to a Tweet.

The issue here is one of regulation, of which her opinion has merit. That's not offering my opinion of her opinion, but her position to create and vote on laws is absolutely relevant.

Full disclosure, I have my reasons for not being a fan of Elizabeth Warren and I voted democratically across the board this election (she was not up for re-election in Massachusetts).
 

Riverrafter21

Well-Known Member
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Bob: "Elizabeth I hear your angry, and understand your frustration with the situation. I'm going to have my assistant give you these fastpass tickets, and we can pretend the problem is solved". "Oh, but you can't used them on Mine Train or Rise".
 

asianway

Well-Known Member
Common HR wisdom used to say do your big layoffs on Fridays. Now the jury's out.

I can speak from my experience -- when 40 of my 44-person department were let go on a Friday, we went straight to a bar.
I feel dumber for reading that nonsense. Do it ASAP once HR gives the go a head, no good comes of waiting
 

flynnibus

Premium Member
Right, they are under no legal obligation to respond to a Tweet.

The issue here is one of regulation, of which her opinion has merit. That's not offering my opinion of her opinion, but her position to create and vote on laws is absolutely relevant.

Full disclosure, I have my reasons for not being a fan of Elizabeth Warren and I voted democratically across the board this election (she was not up for re-election in Massachusetts).

I don't know why you are bringing up tweets... she sent a letter. The tweets are just noise after the fact.

Her letter has nothing to do with current regulation - it has everything to do with her demanding answers she knows she can largely get from the public filings. It's grandstanding.

"her position to create and vote on laws..." -- well duh.. she's a senator. But just because you name drop doesn't mean people owe you anything.
 

lentesta

Premium Member
Let's look at another bit... by Warren's own cites, she points out Disney has spent over 53 BILLION on stock buybacks and dividends... (because she wants to cite numbers going all the way back to 2009!!) then wants to beat them up over executive compensation. Even if Disney had spent A BILLION DOLLARS on those execs, it still would only be 2% out of the stash she's busting their balls over. It's like buying a house and complaining about the quality of the pen the realtor is using. IT DOESN'T MOVE THE NEEDLE!

$1B would've provided $35,700 to each of those 28,000 employees laid off. It's literally the amount I suggested and that you said was unrealistic.

It seems reasonable to me to subject share buybacks to a 1.88% tax (in this case) to fund these once-a-decade bailouts of American capitalism.
 

zombiebbq

Active Member
I love how most of the Japanese have ethics and respect their impact on others.

Although I expect that link to be gone in 3,2,1.....
The business world in Japan is among the most demanding and cutthroat in the world, where employees often work so many hours and so much is expected of them they commit suicide over the stress.

I do agree with OLC's decision however. optics matter and Disney is engaging in some bad optics by not doing the same.
 

MickeyLuv'r

Well-Known Member
Elizabeth Warren is just wrong. If she were right, she would have propsed years ago that the Federal Government set up a fund to prepare for a pandemic.
Um, wasn't that actually her gig, more or less, prior to becoming a senator?

Something about starting and heading up an agency to protect citizens from big corporations, if I remember correctly? ...And maybe something about advocating for financial reform, protecting consumers from fraud, supporting labor and/or civil rights groups?

I dunno, 2008 feels like a century ago...
 

flynnibus

Premium Member
$1B would've provided $35,700 to each of those 28,000 employees laid off. It's literally the amount I suggested and that you said was unrealistic.

It seems reasonable to me to subject share buybacks to a 1.88% tax (in this case) to fund these once-a-decade bailouts of American capitalism.

the point was even by her own data... she’s chasing drips in the ocean in terms of what she is hanging blame on.

the billion was chosen not because of accuracy but because of extreme exaggeration and still doesn’t make sense to her argument. She’s including exec comp because of the Optics and her agenda... not her actual stayed “issue” of leaving the company “ill prepared” for the pandemic.

it’s all bull%*# to make her actual argument which is exec pay vs workers. But she uses the excuse of pandemic layoffs to try to manipulate the situation to her cause.

noble cause but bull#^^% argument and demands. Which is why Disney is giving her the cold shoulder
 

flynnibus

Premium Member
Let’s be real... it’s not that Disney doesn’t have assets to just give away billions. It’s not a matter of “can” or “cannot”

it’s a choice not to keep throwing money after bad. It’s a choice to face the change rather than continue to hold your breath thinking everything will just go back to normal any moment now. It’s a choice to move forward.

disney could pay people 4 more months and lay people off then and the same “woe the workers” arguments would show up just the same. It Just delays the discussion.
 

lentesta

Premium Member
Let’s be real... it’s not that Disney doesn’t have assets to just give away billions. It’s not a matter of “can” or “cannot”

it’s a choice not to keep throwing money after bad. It’s a choice to face the change rather than continue to hold your breath thinking everything will just go back to normal any moment now. It’s a choice to move forward.

disney could pay people 4 more months and lay people off then and the same “woe the workers” arguments would show up just the same. It Just delays the discussion.

We agree it’s a choice. Hurray for that.

Why would spending $1B on these workers for a year be “bad”? It would certainly be good for 28,000 people and the communities they live in. For whom would it be “bad”?
 

Chomama

Well-Known Member
We agree it’s a choice. Hurray for that.

Why would spending $1B on these workers for a year be “bad”? It would certainly be good for 28,000 people and the communities they live in. For whom would it be “bad”?
Ok @lentesta...I am tracking with and agreeing with most of your take here. So what do you expect Disney to do next? I am concerned about their ability to turn this around and recreate a theme park vs an amusement park. Obviously you have built a business around the parks and have a unique perspective. Where do you see wdw going? Just curious...won’t hold ya to it
 

TrainChasers

Well-Known Member
We agree it’s a choice. Hurray for that.

Why would spending $1B on these workers for a year be “bad”? It would certainly be good for 28,000 people and the communities they live in. For whom would it be “bad”?
Plus, there is an in between. Some layoffs were probably going to be necessary. But virtually gutting entire departments?

I would have thought that the most extreme we would see is shows being taken down to 1 cast and alternating. They’ve done that before. So shows like fotlk and Nemo would only show 5 days a week.

Citizens of Main Street only work days that the band is off, or something like that.
 

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