CEO also gets compensated for their contribution to the companies profitability, and competitive salary and benefits. Running a multi-billion dollar company 24/7 is worth more than a few hundred thousand, or a few million, a year. I've known project heads that have been paid 10% or more of a projects net profits. (and that was 20 years ago) And here, let's look at "non profits"
Gotta love the insults. Why did you have to get so insulting because people don't like Warren? Why do you like HER boots? She's your aunt or something???
You keep saying that, but I can't get the numbers to work. Can you show your math, please?
There are lots of reasons CEOs are paid a lot, but liability akin to a doctor isn't one of them. Lawsuits are rare for CEOs and almost always are due to outright fraud...not a "bad decision".
CEOs get sued at times if the CEO takes part in insider trading. Shareholders quick to sue if the CEO gets caught.
And that is why they carry D&O insurance
It seems to me that the cash flow has gone down to a faucet drip. I know that while we may deal mostly with 6 figure incomes or less, it is almost impossible to grasp the billions in expenses that Disney incurs every single day, regardless of income. Because they have made billions over the years doesn't make money an endless supply. If people are not coming in and spending the money needed to cover all of that, then something has to give. And when it costs millions a day just on payroll it doesn't take long before it starts to get worrisome. Disney did not create the Pandemic and denial that it exists is just childish, so what has happened is what anyone dealing with a budget, no matter what the number, has to be aware of.
Sad but possibly true I can't recall any publicly traded company favoring employees over shareholders.
Legally require? When did anyone ever think that? Fiscally required? You bet your butt they are!
If you read the links you would know the answers are: No. Shareholders who sued companies for not maximalizing profit. And, not if they don't wanna.
It is pretty much everything. There will just be a skeleton crew of entertainment left to keep cranking out the cavalcades and the few restaurants appearances.
All part time is being let go, most full time is being offered a displacement transfer for the time being. If they turn down the transfer they will be laid off.
Well, there have been many discussions on this board alone about how Disney is invincible. I think we are seeing some cracks in that wall. Disney, like everyone and everything else, is capable of self-destruction. This may be the straw the breaks the back of the it's an obligation to go to Disney or you can get arrested for child abuse. We shall see, I guess. Just wondering is Universal going through the same problem. They have a park in Florida and a bigger park in California. Are they doing the same things as Disney?
There have been cuts, but not anywhere near as deep as Disney's that I know of. I have a friend who works non-guest facing. Those who managed to survive layoffs have had hours cut to 80%, though.
