News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings

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Cliff

Well-Known Member
Br0ckford said:
The judginess in here.
Awkward Oh No GIF by CBC
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Yes....you have a point. But,...It's not something that happens just in "here". This "judginess" exists it every nook and cranny of the entire market...world wide.

Disney will make decisions and the market will ALWAYS "judge" those decisions for good or bad. This is what the entire market does by its very nature.

Example: Disney decides to fiight against their cast members on pay raises. Yes!....the market...Disney's customers..."judge" Disney on that decision. What Disney needs to do today? Is make decisions based on UNDERSTANDING how the market WILL judge them for it.

Today....I believe that Disney is making decisions with NO consideration for how the market will "judge" them for it. It seems to me that Disney thinks: "Haha...we can do ANYthing we want...because we are just too big to fail, haha.."

This has led them to NOT care how the market will juge them.
 
Br0ckford

Br0ckford

Well-Known Member
Cliff said:
Yes....you have a point. But,...It's not something that happens just in "here". This "judginess" exists it every nook and cranny of the entire market...world wide.

Disney will make decisions and the market will ALWAYS "judge" those decisions for good or bad. This is what the entire market does by its very nature.

Example: Disney decides to fiight against their cast members pay raise. Yes!....the market...Disney's customers..."judge" Disney on that decision. What Disney needs to do today? Is make decisions based on UNDERSTANDING how the market WILL judge them for it.

Today....I believe that Disney is making decisions with NO consideration for how the market will "judge" them for it. It seems to me that Disney thinks: "Haha...we can do ANYthing we want...because we are just too big to fail, haha.."

This has led them to NOT care how the market will juge them.
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I was mostly thinking about the members here judging each other, which I guess my post could be considered judgy too. But I can see your point.
 
BaconPancakes

BaconPancakes

Well-Known Member
Cliff said:
Yes....parks are safe today. Yes...parks profits are floating the entire company right now and being used for propping up all the underperforming areas of Disney.

The bad part is that money cant be used to re-invest into new park atteactions. Is that OK?
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Iger just stated this month that they are going full steam ahead in investing in new attractions for the parks after Tron...
 
KeithVH

KeithVH

Well-Known Member
jkh36619 said:
Maybe Disney should hire more Imaineers and creative writers to produce excellent content instead of bean counters who's only job is to find loose change under the cushions.
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I recently saw an opening for one. Although it was a contract position rather then FT.
 
C

Cliff

Well-Known Member
Hind site is 20/20 and if there is just ONE trait that I can identify that Disney exibited in the past few years? I think it's this:

Disney continued to make decisions over and over again with no concern for how the market reacted to it. The market has been screaming at Disney to stop and listen. The market has been sending LOUD warning signals to Disney. Yep...Disney refused to listen and they gave their finger to that market...and continued to make the same bad decisions with complete and utter arrogance. "We are Disney....we dont care what the market says." [Not an actual quote]

The pain that Disney is suffering this very moment was exatcly predicted by the market two years ago. Nelson Peltz's organization layed the Disney problem put so clearly. The flashlight that he shined on Disney was blindling and clear.

We are here now. The market cant be ignored any more and Disney is paying a painfull price. The people being hit the hardest are the employees that are NOT responsible for this. That is the worst part. These people are paying the price for massive executive mistakes at the very top.

I really hope that Disney becomes a much more HUMBLE company because of this in 5 years. That would be the only good thing that could come from this mess.

Disney...please listen: You are NOT "too big to fail"...so PLEASE stop pretending like you are.
 
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HauntedPirate

HauntedPirate

Park nostalgist
Premium Member
BaconPancakes said:
Iger just stated this month that they are going full steam ahead in investing in new attractions for the parks after Tron...
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Are these actual shovel-ready projects or is it just words coming out of a desperate man's mouth? Seeing as how they didn't announce anything last fall (unless you call blue sky concepts "plans"), likely won't announce anything until this fall, and their construction timelines are glacial... I fail to see how anyone could or would be excited by that if they view it through a critical, non-Mouse-provided lens when the earliest something could open is 2027-28.

"Hey, honey, there's a whole new park opening up at Universal in 2025, maybe we should book a vacation there instead?"
 
G

GimpYancIent

Well-Known Member
Cliff said:
Hind site is 20/20 and if there is just ONE trait that I can identify that Disney exibited in the past few years? I think it's this:

Disney continued to make decisions over and over again with no concern for how the market reacted to it. The market has been screaming at Disney to stop and listen. The market has been sending LOUD warning signals to Disney. Yep...Disney refused to listen and they gave their finger to that market...and continued to make the same bad decisions with complete and utter arrogance. "We are Disney....we dont care what the market says."

The pain that Disney is suffering this very moment was exatcly predicted by the market two years ago. Nelson Peltz's organization layed the Disney problem put so clearly. The flashlight that he shined on Disney was blindling and clear.

We are here now. The market cant be ignored any more and Disney is paying a painfull price. The people being hit the hardest are the employees that are NOT responsible for this. That is the worst part. These people are paying the price for massive executive mistakes at the very top.

I really hope that Disney becomes a much more HUMBLE company because of this in 5 years. That would be the only good thing that could come from this mess.
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Yes. Fully agree with you. Unfortunately, that self-serving, arrogant, egotistical, greedy, uncreative and manipulative layer of upper management will be the last to feel any pain. Multiple layers of employees will suffer well before the upper levels feel anything. Oh! but those executive bonuses will be paid out, count on that. Aahhhh let us not forget the walking talking monetary resources, yes, the customers, tourists, travelers and fans who are merely looked at as money sources to be exploited. Hopefully there is some humbling at the top but I believe for that to truly happen there will be a lot more pain first.
 
CaptainAmerica

CaptainAmerica

Premium Member
GimpYancIent said:
Yes. Fully agree with you. Unfortunately, that self-serving, arrogant, egotistical, greedy, uncreative and manipulative layer of upper management will be the last to feel any pain. Multiple layers of employees will suffer well before the upper levels feel anything.
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Have you not been reading the news? Upper level executives have been dropping like flies.
 

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