So, when I was reading that article about Tom Staggs resignation and Stanley Gold says he did the right thins to resign because he thinks Disney getting a bit greedy. So does this mean it's a wake up call for Disney to end their greedy hullabaloo and Bob Iger stop being a greedy miser?
-
Welcome to the WDWMAGIC.COM Forums!
Please take a look around, and feel free to sign up and join the community.
Staggs resigns
- Thread starter Rider
- Start date
Goofyernmost
Well-Known Member
Sure, why not? Don't hold your breath though, the damage has already been done and nothing but reversing several decisions as of late, will help at all.
rfc0001
Active Member
Meh...I forsee record profits and record DVC sales...changes won't hurt $DIS at all.
rfc0001
Active Member
Cesar R M
Well-Known Member
I remember reading somewhere in this forum about a report on how DVC is actually slowing down a lot. Because of the insane prices and people who dont find the whole thing a good deal.
rael ramone
Well-Known Member
The next question is:
What does Staggs contract really say? What guarantees come with it?
The concept of 'firing an employee under contract' happens all the time in the coaching ranks of Professional and American College sports.
Basically, a coaching contract, in the end, only really guarantees pay (unless they were terminated for cause). The coach doesn't get to force his way into the building, order around his subordinates, draw up new game plans, etc... All he gets is his pay for the extent of his contract lasts (perhaps prorated if he gets another job before the first one runs out).
Now what about Staggs contract as COO?
Is he guaranteed a 'job' for the length of the contract? Or just his money?
If he's guaranteed a job, is he guaranteed the power that comes along with that job? Or could the COO be given new responsibilities, like say..... report to the Anaheim campus and put on a Tigger suit...
COO is not a required job as far as the SEC is concerned... Only CEO and CFO are.
And most if not all contracts can be terminated for cause. Basically if it violated the terms of that contract. Misconduct, violation of laws, etc. could send a contracted employee out the door penniless if there's proof of cause.
So why did Staggs not fight to stay?
Leverage, perhaps? What leverage would the Mouse have?
1. To make him miserable and/or embarrass him... A reorganization of the chart gives him no power perhaps... Or if he is really only guaranteed pay, a 'forced resignation' is an alternative to the 'corporate perp-walk' - being escorted by security in the middle of the day out of the building. (Jim Stewart reported, or perhaps just claims, that Staggs had lunch w/ the Weatherman in the employee mess hall after it happened).
2. Cause. Something in that personnel file they could trot out?...
3. Shanghai. If a certain line was crossed as to 'spending' over there, who could they try to make hold the bag...
What does Staggs contract really say? What guarantees come with it?
The concept of 'firing an employee under contract' happens all the time in the coaching ranks of Professional and American College sports.
Basically, a coaching contract, in the end, only really guarantees pay (unless they were terminated for cause). The coach doesn't get to force his way into the building, order around his subordinates, draw up new game plans, etc... All he gets is his pay for the extent of his contract lasts (perhaps prorated if he gets another job before the first one runs out).
Now what about Staggs contract as COO?
Is he guaranteed a 'job' for the length of the contract? Or just his money?
If he's guaranteed a job, is he guaranteed the power that comes along with that job? Or could the COO be given new responsibilities, like say..... report to the Anaheim campus and put on a Tigger suit...
COO is not a required job as far as the SEC is concerned... Only CEO and CFO are.
And most if not all contracts can be terminated for cause. Basically if it violated the terms of that contract. Misconduct, violation of laws, etc. could send a contracted employee out the door penniless if there's proof of cause.
So why did Staggs not fight to stay?
Leverage, perhaps? What leverage would the Mouse have?
1. To make him miserable and/or embarrass him... A reorganization of the chart gives him no power perhaps... Or if he is really only guaranteed pay, a 'forced resignation' is an alternative to the 'corporate perp-walk' - being escorted by security in the middle of the day out of the building. (Jim Stewart reported, or perhaps just claims, that Staggs had lunch w/ the Weatherman in the employee mess hall after it happened).
2. Cause. Something in that personnel file they could trot out?...
3. Shanghai. If a certain line was crossed as to 'spending' over there, who could they try to make hold the bag...
rael ramone
Well-Known Member
BTIG.
The firm that put out the survey that found that ESPN has nowhere to go but down due to customers not wanting to pay $8 or $20 for the service.
Their solution: Buy Netflix and install Reed Hastings...
http://www.investors.com/news/techn...-netflix-to-solve-two-problems-btig-suggests/
The firm that put out the survey that found that ESPN has nowhere to go but down due to customers not wanting to pay $8 or $20 for the service.
Their solution: Buy Netflix and install Reed Hastings...
http://www.investors.com/news/techn...-netflix-to-solve-two-problems-btig-suggests/
rael ramone
Well-Known Member
Or how about a totally out of the box person that $DIS should be looking at, at the very least to add to their bare farm system of potential replacements for the future.
Someone, while being young and not having any experience in media or parks, does have experience overseeing multiple disparate businesses and is a quick study...
Someone who is currently in a business that has a reputation for long term thinking (no quarterly conference calls)...
Someone, like say Tracy Britt Cool from Berkshire Hathaway....
Someone, while being young and not having any experience in media or parks, does have experience overseeing multiple disparate businesses and is a quick study...
Someone who is currently in a business that has a reputation for long term thinking (no quarterly conference calls)...
Someone, like say Tracy Britt Cool from Berkshire Hathaway....
No Name
Well-Known Member
I'd like to see someone have the guts to actually let Disney fire them.
I suppose Disney may not have fired Staggs. They may have just left him as COO under the new CEO, or demoted him. And then maybe fire him so far from now that it goes under the radar and the dots can't be traced back. There are a variety of things that could happen.
But still, he's kind of giving up. The guy's been with the company for 26 years, I think, and he's not willing to keep pushing 'till the very last moment for that top spot. Prove yourself! Do something so crazy for once, and no, not "budget cut" crazy, but "bright idea" crazy. Pitch something unique and unexpected that nobody else had thought of. The worst the company could say is "no." Or "you're fired."
If you're on your way out, it can't hurt to try the most radical ideas. I think the lesson here is that you can't keep rising by just playing it safe. Even Iger had to run around and act all nice and good to Roy and the board for them to choose him. Staggs appears to have sat back too much.
I suppose Disney may not have fired Staggs. They may have just left him as COO under the new CEO, or demoted him. And then maybe fire him so far from now that it goes under the radar and the dots can't be traced back. There are a variety of things that could happen.
But still, he's kind of giving up. The guy's been with the company for 26 years, I think, and he's not willing to keep pushing 'till the very last moment for that top spot. Prove yourself! Do something so crazy for once, and no, not "budget cut" crazy, but "bright idea" crazy. Pitch something unique and unexpected that nobody else had thought of. The worst the company could say is "no." Or "you're fired."
If you're on your way out, it can't hurt to try the most radical ideas. I think the lesson here is that you can't keep rising by just playing it safe. Even Iger had to run around and act all nice and good to Roy and the board for them to choose him. Staggs appears to have sat back too much.
Last edited:
RSoxNo1
Well-Known Member
Disney needed Marvel more than Marvel needed Disney. As you know Disney has struggled to reach the adult male demographic outside of ESPN, and since Iger has been CEO that has changed entirely thanks to Marvel and Star Wars.
Or I could keep reading until your next post...
Cesar R M
Well-Known Member
plot twist.. Staggs had a connection to the Panama papers, Where Iger and the board also had relations.. but Staggs was closer and they cut him down to prevent the connection to be seen clearly.The next question is:
What does Staggs contract really say? What guarantees come with it?
The concept of 'firing an employee under contract' happens all the time in the coaching ranks of Professional and American College sports.
Basically, a coaching contract, in the end, only really guarantees pay (unless they were terminated for cause). The coach doesn't get to force his way into the building, order around his subordinates, draw up new game plans, etc... All he gets is his pay for the extent of his contract lasts (perhaps prorated if he gets another job before the first one runs out).
Now what about Staggs contract as COO?
Is he guaranteed a 'job' for the length of the contract? Or just his money?
If he's guaranteed a job, is he guaranteed the power that comes along with that job? Or could the COO be given new responsibilities, like say..... report to the Anaheim campus and put on a Tigger suit...
COO is not a required job as far as the SEC is concerned... Only CEO and CFO are.
And most if not all contracts can be terminated for cause. Basically if it violated the terms of that contract. Misconduct, violation of laws, etc. could send a contracted employee out the door penniless if there's proof of cause.
So why did Staggs not fight to stay?
Leverage, perhaps? What leverage would the Mouse have?
1. To make him miserable and/or embarrass him... A reorganization of the chart gives him no power perhaps... Or if he is really only guaranteed pay, a 'forced resignation' is an alternative to the 'corporate perp-walk' - being escorted by security in the middle of the day out of the building. (Jim Stewart reported, or perhaps just claims, that Staggs had lunch w/ the Weatherman in the employee mess hall after it happened).
2. Cause. Something in that personnel file they could trot out?...
3. Shanghai. If a certain line was crossed as to 'spending' over there, who could they try to make hold the bag...
ford91exploder
Resident Curmudgeon
Disney is losing the narrative on 'all is well in the kingdom' when IBD is posting articles like this, They must really be hitting the panic button in Burbank about now. Because that article was a huge shot at the leadership of TWDC.
rael ramone
Well-Known Member
A 'insider not to be named' I believe spit that one out. Saw that on another site (well, not that Iger & others on the BOD had relations as well). Personally, I think Shanghai sounds much more plausible.
Or, perhaps, they are connected....
(Total speculation here). Off shore might not just be a place to hide cash holdings/cash transactions from the IRS (US) or the equivalent taxing authorities in other countries.
Could be from the Department of Justice as well.
Last night I saw that there were a couple of terms ('brother in law' was one of them, don't recall the other) that were BANNED from Chinese search engines because they related to believed ties between the PP and members of the Chinese government.
To quote the infamous Terrell Owens: 'Getcha Popcorn Ready'...
ParentsOf4
Well-Known Member
So the firm that suggested subscribers don't want to pay $8/month for ESPN think that Disney should go with a company that collects $8/month for its subscribers? What, do they think subscribers will suddenly fork over $16/month for Netflix and ESPN?
At the moment, streaming video is a competitive market. Netflix knows this which is why it's been slow to increase prices, something Disney has shown little fear of doing.
Meanwhile, in 2015, Netflix net income was $123M on revenue of $6.8B.
The last thing Disney needs is to sink $60B in a business with price-sensitive consumers and a margin south of 2%.
Sounds like BTIG is good at spending other people's money.
Cesar R M
Well-Known Member
Perhaps it is related, aka a way to bribe the money to Chinese officials via fiscal paradises.
Cesar R M
Well-Known Member
pretty sure most of that money (6.8B) went to cover the blatant ripoff payments to Comcast and other cable providers (who demanded money or netflix will get severe throttling in their networks.)So the firm that suggested subscribers don't want to pay $8/month for ESPN think that Disney should go with a company that collects $8/month for its subscribers? What, do they think subscribers will suddenly fork over $16/month for Netflix and ESPN?
At the moment, streaming video is a competitive market. Netflix knows this which is why it's been slow to increase prices, something Disney has shown little fear of doing.
Meanwhile, in 2015, Netflix net income was $123M on revenue of $6.8B.
The last thing Disney needs is to sink $60B in a business with price-sensitive consumers and a margin south of 2%.
Sounds like BTIG is good at spending other people's money.
Interesting article in Orlando paper....
http://www.orlandosentinel.com/trav...-disney-magicbands-phones-20160408-story.html
http://www.orlandosentinel.com/trav...-disney-magicbands-phones-20160408-story.html
Nemo14
Well-Known Member
Love the comment after that article:
- realworld
So the huge amount of money spent on the wristband was a bad idea ?
ford91exploder
Resident Curmudgeon
So the firm that suggested subscribers don't want to pay $8/month for ESPN think that Disney should go with a company that collects $8/month for its subscribers? What, do they think subscribers will suddenly fork over $16/month for Netflix and ESPN?
At the moment, streaming video is a competitive market. Netflix knows this which is why it's been slow to increase prices, something Disney has shown little fear of doing.
Meanwhile, in 2015, Netflix net income was $123M on revenue of $6.8B.
The last thing Disney needs is to sink $60B in a business with price-sensitive consumers and a margin south of 2%.
Sounds like BTIG is good at spending other people's money.
Netflix has been spending huge amounts of cash on content delivery infrastructure, Petabytes of high performance storage to locallly deliver content ain't cheap but right now the only two major content delivery shops with local presence in all markets are Akamai and Netflix and Akamai is more often used to deliver privately branded content.
Mike S
Well-Known Member
The same result of increasing customer loyalty could've been achieved with what has worked for 60 years. New attractions.
Shocking I know.