the problem is with a huge workforce like disney, this in crease effects the bottom line, not to sound like chapek, but shareholders want returns, if you have massive pay increases, well, how do you think that will be madeup, perhaps price increases accross the board?
Just curious: are you a Disney shareholder?
Asking because I am and I'm wondering what kinds of returns I've allegedly been getting thus far?
Last few years there have been no dividends so, as far as I can tell, there have been no "returns".
The dividend is coming back but that hasn't even happened yet.
Meanwhile, the stock, which is tied way more to the Wall Street spread than profits hasn't exactly been good, either. For those of us who already had it, selling would be taking a loss (or losing unrealized previous gains) so I'm not exactly sure how you think Wall Street would get butt-hurt over necessary increases in spending since it happens all the time when it comes to other resources and as Sir alluded to, the profits in the parks are
insane.
There's a reason they're able to treat them like a cash machine for whatever adventure they want to go on in other parts of the company.
You think the price you pay for a bottle of water at Disney is reasonable? You think it goes to the same sort of expenses it does at a movie theater or sporting event where they charge similar prices?
Think again.
An increase across the board of like fifty cents for collectable pins (that are already almost pure profit at their current prices) along with maybe a buck more for their already over-priced t-shirts and mugs and they'd have that extra money if it really came down to them needing to increase a price here to pay for that there.
Seriously, when was the last time anyone here saw reports about merch price increases? They happen but unlike parks, parking, food & beverage, etc., it never gets talked about.
Nobody writes articles about Disney's inflating prices because a key-chain went up by seventy-five cents but Disney'll have you believe they need to increase the price of food while reducing portion size and quality of ingredients because somehow selling Outback quality food at three times the the price to sold out reservations is
losing them money?
What they're making off Genie+ and ILL is way, way more than enough without any of this other stuff, already, though.
That said, perhaps Disney could pay their employees a little more in the division of the company that is actually responsible for keeping them solvent right now on the promise they've made that Disney+ will stop bleeding money like a dead pig next year.
Even if Disney's idea of + being profitable means they've limped over the line of bringing in a few bucks more than it costs to run each month, that would take enormous pressure off P&R when it comes to taking the insane profits they make in that division and using them to offset those streaming losses.
If + reaches that milestone, they should have enough to give cast members a decent raise
AND bring back the parking lot trams for the other two parks with maybe even enough left over to put better strobes on the Yeti - all without raising the price of a t-shirt, even!