Hey Ap'ers, how does it feel to know you are a contingency plan?

[JMcMahonEsq]

I think we are collectively shaking our heads at the lack of couth and abrasive ness by the “management”

Thanks, Iger.

These people make Eisner look he was freaking sigmund Freud in breaking down the human psyche

Where is there anything uncouth or abrassive in the CFO’s statement? This was a financial officer giving a fact driven statement. It’s not a D23 panel or a spot on GMA. They are doing their job, in a professional manner. It’s what a CFO is supposed to do.

You could suppose argue that the plan itself isn’t the best one, but not in how it was presented z.

 

[TQQQ]

Where is there anything uncouth or abrassive in the CFO’s statement? This was a financial officer giving a fact driven statement. It’s not a D23 panel or a spot on GMA. They are doing their job, in a professional manner. It’s what a CFO is supposed to do.

You could suppose argue that the plan itself isn’t the best one, but not in how it was presented z.

It's the fact that they could care less about people and it shows in their product.......

they used to be all about customer service, making the guest feel number one, cleanliness, going the extra mile to make the experience special and now it's just WHO MAKES US THE MOST MONEY AT THE LOWEST COST

They could care less about people

 

[Sirwalterraleigh]

Where is there anything uncouth or abrassive in the CFO’s statement? This was a financial officer giving a fact driven statement. It’s not a D23 panel or a spot on GMA. They are doing their job, in a professional manner. It’s what a CFO is supposed to do.

You could suppose argue that the plan itself isn’t the best one, but not in how it was presented z.

It’s Disney…they sell nostalgia, emotion and attachment.

That’s their “product” and what makes them a bit unique.

I keep telling you this…but it’s not getting past the “cement ear wall”

It’s an awful decision to say the quiet part out loud. But the management is trash…so it fits.

Let them act like Exxon. Let that play…

 

[Sirwalterraleigh]

Isn't that kind of Disney's problem, though? If them doing away with APs hurts business, that's a bad business decision rather than a personal affront. I guess I'm just not seeing why people take the phrasing of this comment so personally.

By the way, I come to this not as a staunch defender of current management but as someone who doesn't find the cost and hassle of a WDW vacation worth it and has no plans to return any time soon.

This is the least “nuanced” play in the history of obvious…

They have essentially ended the AP programs…while keeping it as a recession emergency plan.

That’s why they let it limp along as they have.

If the economy holds…they will end it and roll out an elaborate pay as you go with no ceiling on charges.

It’s offensive in how obvious it is. It’s up to people whether they are comfortable with it or not.

 

[el_super]

It's the fact that they could care less about people and it shows in their product.......

Investors are people too.

 

[el_super]

It’s offensive in how obvious it is. It’s up to people whether they are comfortable with it or not.

It can't be a surprise, or all that offensive, to anyone living in a capitalist society for most of their lives.

 

[Sirwalterraleigh]

Investors are people too.

Are you serious?

Flip back to the chapter in the textbook that talks about funds and institutional investors…

…and then connect the dots.

 

[Casper Gutman]

Yes, I am really struggling to see the issue. The phrasing doesn't seem that technical, so I don't know why that would throw people. The Annual Pass was always a loyalty program, so I'm not sure why people would be offended that Disney would talk about it as something they could use to bolster attendance in slow periods. It's as if people thought Disney was selling them annual passes because it really cared about them and wanted to see them as often as possible only to suddenly discover it was about money all along.

It’s a balancing act. Yes, we all know Disney is a gigantic corporation that ultimately sees guests primarily as a source of cash. But, to grossly oversimplify, guests need to be able to pretend Disney is more then that and Disney has to allow room for them to pretend by credibly pretending themselves. If Disney fails to do that, if the relationship begins to feel exploitative, as it has, little things like a comment on an investors call start to loom much larger.

 

[Sirwalterraleigh]

It can't be a surprise, or all that offensive, to anyone living in a capitalist society for most of their lives.

Where do you live? It’s apparently not where you think

The world “bought their way” out of a recession 2 years ago…lead by Los Estados Unidos
That…is not capitalism.

You really need to put the book down and go observe some people in 3 dimensions…

Are you where there are no people?

I always wanted to go to Idaho

 

[el_super]

Are you serious?

I mean ... are you?

Investment firms are paid big money to protect the wealth of all sorts of people. The doctors, lawyers, school teachers of America. The people asking questions on these calls have enough shares with their firms to get a seat at the table (virtually) with Bob and Christine and ask them questions related to... wait for it ... protecting their investments. You really expect Disney management to not try to answer their questions directly and honestly?

 

[Sirwalterraleigh]

I mean ... are you?

Investment firms are paid big money to protect the wealth of all sorts of people. The doctors, lawyers, school teachers of America. The people asking questions on these calls have enough shares with their firms to get a seat at the table (virtually) with Bob and Christine and ask them questions related to... wait for it ... protecting their investments. You really expect Disney management to not try to answer their questions directly and honestly?

Right…but those investors don’t have an “individual” consciousness

Which debunks your “investors are people too”. Full stop. They are not when packaged.

It’s the dumbest idea since corporations having a “individual political thought”

…not ironic at all.

Quiz on chapter 7 next Tuesday.

 

[el_super]

Where do you live? It’s apparently not where you think

The world “bought their way” out of a recession 2 years ago…lead by Los Estados Unidos
That…is not capitalism.

No I'm talking about basic principals of economics. Supply and demand. It shouldn't be all that surprising to people that as demand goes up for a product or service, that prices should also go up for a product or service. It's a fundamental principal of how we all live our lives.

But somehow it's surprising that a discount program like the Annual Passes would be discontinued when the parks get too busy? Or that Disney would have a preference for customers that paid more money over customers that paid less? It's kind of silly.

Are you where there are no people?

Oh man... I wish. Sometimes.

 

[larryz]

Investors are people too.

 

[Sirwalterraleigh]

No I'm talking about basic principals of economics. Supply and demand. It shouldn't be all that surprising to people that as demand goes up for a product or service, that prices should also go up for a product or service. It's a fundamental principal of how we all live our lives.

But somehow it's surprising that a discount program like the Annual Passes would be discontinued when the parks get too busy? Or that Disney would have a preference for customers that paid more money over customers that paid less? It's kind of silly.



Oh man... I wish. Sometimes.

Life isn’t the basic principals…every thread you try and simplify to that gets more holes shot through than a Turkey next week.

Economists - if you stop and notice - spend at Least 3/4 of their time writing about why the realities don’t follow the theory. Princeton school…they laugh about it.
Only the Chicago school is dumb enough to believe their own bunk.

 

[el_super]

Economists - if you stop and notice - spend at Least 3/4 of their time writing about why the realities don’t follow the theory.

To some degree that's true, but only in so much as people act in their own self interest (which isn't all that unexpected).

Just today I've bounced back and forth between this thread, with AP holders angry that Disney isn't allowing them their discounted admission, and another where Wall Street is angry that Disney isn't making enough money. Obviously one side is going to lose out on this argument and claim that nothing makes sense... but of course it does. From a certain point of view.

 

[cranbiz]

To some degree that's true, but only in so much as people act in their own self interest (which isn't all that unexpected).

Just today I've bounced back and forth between this thread, with AP holders angry that Disney isn't allowing them their discounted admission, and another where Wall Street is angry that Disney isn't making enough money. Obviously one side is going to lose out on this argument and claim that nothing makes sense... but of course it does. From a certain point of view.

I will guarantee it will not be Wall Street.

 

[Tony the Tigger]

Fine by me.

Our last AP expired just before COVID. I have no desire for another until things are a lot more settled down.

In the meantime, a few strategic short trips with FL discounts were just what the doctor ordered.

 

[Sirwalterraleigh]

To some degree that's true, but only in so much as people act in their own self interest (which isn't all that unexpected).

Just today I've bounced back and forth between this thread, with AP holders angry that Disney isn't allowing them their discounted admission, and another where Wall Street is angry that Disney isn't making enough money. Obviously one side is going to lose out on this argument and claim that nothing makes sense... but of course it does. From a certain point of view.

…you want to take a second to process that?

…

……

Good.

Notice something about “social sciences” and “humanties” that are taught in fancy learning places??

…the entire structure of this planet is based on the degree of human predictability.

The joker was right…it’s about mastering chaos theory.
You’ll learn…

 

[JMcMahonEsq]

It’s Disney…they sell nostalgia, emotion and attachment.

That’s their “product” and what makes them a bit unique.

I keep telling you this…but it’s not getting past the “cement ear wall”

It’s an awful decision to say the quiet part out loud. But the management is trash…so it fits.

Let them act like Exxon. Let that play…

Honesty that is just stupid. Even if you think Disney is different than other sellers of “products” that doesn’t change how a CFO should act…in a freaking financials meeting. It’s just plain stupid to think/expect that Csuite executives are supposed to be tailoring there reports in the same way as a commercial to the general public.

This wasn’t a PR junket, it wasn’t a Disney+ spot. It wasn’t a horse and pony show to drive internet content like D23. It was a business meeting, run like a Fortune 500 company should run such a meeting, using language that one should expect from a proper business meeting.

 

[ToTBellHop]

Fine by me.

Our last AP expired just before COVID. I have no desire for another until things are a lot more settled down.

In the meantime, a few strategic short trips with FL discounts were just what the doctor ordered.

I get that you tell yourself this so you can sleep at night. But if you are honest with yourself, you are jealous that I can get a popcorn bucket that you cannot.

It‘s important to work through your feelings, not just bottle them up like I did in my bedroom for 5 years while Mom and Dad engaged in verbal fisticuffs.