GhostHost1000
Premium Member
I am never going to unsee that compared to Chapek now lol
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Disney’s Q3 FY22 Earnings Results Webcast
- Thread starter DCBaker
- Start date
That I don't hold against Walt at all considering all the leeches that want to profit off of the commercial success of Disneyland which hemmed it in. This maneuver is the reason WDW can have multiple fireworks shows every night without neighbors -- who moved in just to be close to Disney -- complaining about it and restricting it.
flynnibus
Premium Member
They didn't cheat anyone - they simply didn't tell them the future.
The cheaters were the speculators who swooped in to make a quick buck.
First sentence is what someone caught in the act would say.
cranbiz
Well-Known Member
What were they supposed to say? "Hi, I represent the Walt Disney company and want to buy your worthless swamp land to build a vacation resort. Will you sell me your land for x? "
doctornick
Well-Known Member
Right. Plus they paid market value for the (relatively worthless) land. The land is significantly more valuable now only because of the investment of The Walt Disney Company
Next time one buys land one can set up fake names, fake companies , lie to others etc. let’s see how far one gets.
flynnibus
Premium Member
Except there was no fraud - the 'fake' element was only to prevent speculation. The sellers were not underpaid nor were they duped into selling. They weren't lied to, they sold to a company they didn't know and through legitimate brokers. Obscuring the ultimate purpose was not lying. It was privacy.
Still supporting the lie. If I was a landowner and inquired through the broker who is buying my land? The broker lied and would tell me company XYZ and the names of the heads of the company hiding the fact it was Walt. Thanks for playing.
cranbiz
Well-Known Member
Paying market value for land through a shell company is not fraud. Also, don't forget, not every land owner that was approached at that time sold. Land owners sold because they got what they were asking for the land. There was no arm twisting. Why do you keep up this line of thought?
The value of swamp land isn't more valuable until the infrastructure is built. The land certainly would have got more expensive if others found out it was Walt Disney buying the land. Not because the land was worth more, it would have been because Disney was buying it. In fact once it did get out, that's exactly what happened. This is why companies today still do this.
If one buys land through a shell company representing a fake company with fake mgt , that’s fraud. If the landowner inquires who is buying up their land , and fake names and companies are told to the selling landowner , that’s lying. Shell companies also are known for evading taxes and embezzling funds but that’s another issue.
MagicHappens1971
Well-Known Member
What they did wasn’t illegal, nor was it technically lying.
If you believe that , I do not.
MagicHappens1971
Well-Known Member
We’ll it wasn’t illegal. Whether one considers it lying is more of a moral debate.
mikejs78
Well-Known Member
No legal definition of fraud supports this argument.
What you believe is irrelevant. It wasn't lying.
Full accounting of Disney's streamers quarter by quarter since Dec 2019:
flynnibus
Premium Member
They were not fake - they were real legal entities with real lawyers and contacts. They were shell companies, not fakes. That's why it wasn't fraudulent and no one had any claim against them.
The worst they did was get fake employment for one of the agents.
So, you believe that if you were ever to buy property, and to do so anonymously, that you have no legal recourse to do so?