Labor cost cutting measures begin at Walt Disney World as the company enters Q1

Sir_Cliff

Well-Known Member
Stock price = success of a company, - business 101
Sure... until the moves that drove up profits and stock prices start to cause problems and the investors all move on to the next big investment opportunity. The majority of investors driving up the stock price don't care if Disney World goes out of business in five years as long as they get in and out of DIS at the right times.
 

peter11435

Well-Known Member
WDW seems to be throwing out there hundreds of dollars and $1K signing bonus incentives out there to fill operations positions so the " greed, cost cutting " argument doesn't fly in this subject matter.
They are throwing out bonuses and hiring so they can fully staff operations to bring back revenue streams and make money. Not so they can spend more money on upkeep and maintenance.
 
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Lilofan

Well-Known Member
They are throwing out bonuses and hiring so they can fully staff operations to bring back revenue streams and make money. Not so they can spend more money on upkeep and maintenance.
There is no doubt that the many months the parks and affected resorts closed up and many were furloughed, laid off had an impact in the upkeep and maint. Stuff wasn't being addressed since many were at home.
 

peter11435

Well-Known Member
There is no doubt that the many months the parks and affected resorts closed up and many were furloughed, laid off had an impact in the upkeep and maint. Stuff wasn't being addressed since many were at home.
I’ve never denied that. And that is a perfectly valid explanation for some of the current issues. However, you are ignoring the fact that I’m referring to issues long before Covid or any furloughs
 

Goofyernmost

Well-Known Member
I bought for $11.88 employee price.

that had more longterm value/potential than the “speculative” stuff today.

business 103
I had a few shares purchased for $25.00 per share. I hung on to them for around 6 years and it never changed in value. My brokerage fees were more than the value of the shares so I sold. Now you folks that hung onto it can thank me or send me 10% because right after I sold, it went up to the degree it is now. You're welcome.
 

Lilofan

Well-Known Member
I’ve never denied that. And that is a perfectly valid explanation for some of the current issues. However, you are ignoring the fact that I’m referring to issues long before Covid or any furloughs
Not ignoring but I'm looking at whole company pic which you are not but that's ok.
 

Goofyernmost

Well-Known Member
I think that the move to ADD at least two additional cast members to a lightning lane would be a huge mistake right now, especially because it’s unproven if Genie sales can cover the costs of all those CMs.
No matter how bad Genie+ is they will have more than enough increased revenue from Lightening Lane charges to pay quite a number of CM's. That part is an absolute no brainer. It's the rest that over time will drag it down.
 

Goofyernmost

Well-Known Member
Not ignoring but I'm looking at whole company pic which you are not but that's ok.
Yea, there are so many that only think of The Disney Company as the parks. How well versed Bob Sequel is on that part of the business will directly affect that company as much as anything he does with the parks.
 

Lilofan

Well-Known Member
I bought for $11.88 employee price.

that had more longterm value/potential than the “speculative” stuff today.

business 103
Business 104, you should know or not, speculative stocks ( ie bitcoin ) carry a high degree of risk ( ie WDW is not speculative as investors like many including myself see long term big pic )/. I know these recent discussions care solely focused on parks and resorts and does it have issues? Surely it does, so let's see what Chapek can pull off ( running the whole company ) amid current market conditions. If he succeeds , good, if not, he will bail out by golden parachute.
 
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Goofyernmost

Well-Known Member
Which reminds me... Eisner at least actually left but, Iger never did. It's like he gave the office next to his to Bob #2 and plans on spending the rest of his natural life there still making the decisions and making the new Bob take the blame. Is he actually ever going to step down?
 

Sirwalterraleigh

Premium Member
Business 104, you should know or not, speculative stocks carry a high degree of risk ( ie WDW is not speculative as investors like many including myself see long term big pic )/. I know these recent discussions care solely focused on parks and resorts and does it have issues? Surely it does, so let's see what Chapek can pull off amid current market conditions. If he succeeds , good, if not, he will bail out by golden parachute.
Which is exactly how Disney has never been run and why this doesn’t work for them. They sell longterm ties
 

SteveAZee

Premium Member
Stock price = success of a company, - business 101
Perhaps. Looking at DIS vs. the DJIA, you'd probably do just as well with a Dow index fund as you could with DIS over the last 30 or 40 years. Not saying that's bad, just that Disney's not been a runaway success in terms of stock, and stock = success of company. ;)
 

Patcheslee

Well-Known Member
WDW seems to be throwing out there hundreds of dollars and $1K signing bonus incentives out there to fill operations positions so the " greed, cost cutting " argument doesn't fly in this subject matter.
Just looking at the fulltime housekeeping requirements schedule alone would make me look for other work: "Full Time requires full availability for any shift, seven (7) days per week, including nights, weekends, and holidays"
Previous experience preferred "Previous housekeeping responsibilities for 14-18 rooms a day" that seems like alot of rooms.
 

peter11435

Well-Known Member
Just looking at the fulltime housekeeping requirements schedule alone would make me look for other work: "Full Time requires full availability for any shift, seven (7) days per week, including nights, weekends, and holidays"
Previous experience preferred "Previous housekeeping responsibilities for 14-18 rooms a day" that seems like alot of rooms.
The number of rooms they are responsible for varies by resort. At a resort like Pop Century they need to clean 18, something like GF is 14. It’s generally more than the industry average.
 

Nubs70

Well-Known Member
I think it has been reported by someone that Mears Transportation will be doing something close to the old system on their own instead of WDW paying them they will be charging for the service. It will still be pretty much there, just not free anymore. For those that didn't know Mears owns the buses used for the shuttle anyway and Disney just hires them to operate it exclusively for WDW.
One presumes that Mears will price transportation where they will make a profit ( a wild assumption, I know). Then why does not retain DME and not roll cost + margin into the trip package price? I have a suspicion that the WDW margin for DME will remain in the package price, thus getting paid for doing nothing.
 

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