Donaldfan1934
Well-Known Member
Actually, that chart works for my perspective as well. Notice how the amount spent on additions additions drop after 1994/5 when the last additions greenlit before DLP opened. After that they continued to drop until all time lows in the mid to late 2000's and then raise again in the 2010's. And while the 2010's numbers are roughly that of the early 2000's, this also in line with my point about the Iger additions being less but more expensive and the latter half of the Eisner additions being more but less expensive. While I may not have been alive for the entire Disney decade, I do know my Disney history. You do have some good points on the Disney company as a whole, but you could also say that Eisner was an early adopter of the strategies most corporations would use post 9/11. Obviously, that didn't work out for him in the end, but his attempt is still valid. The amount of Disney company revenue is also a lot bigger than it was 10-15 years ago so that plays a part in this as well.I lived the Disney Decade. (And quite a bit before.) Did you?
Have you every actually read Disney's 10K filings? Do you even know what a 10K is?
Disney's P&R capex spending was through the roof up till 2001. Disney was spending gobs of money.
Certain well-known (and still in business) Disney "commentators" were complaining that Disney wasn't spending enough even as total P&R capex budgets reached an unsustainable 30% of revenue! Having been a fan of WDW since the 1970s and in the private sector for nearly as long, I well remember their baseless fanboi comments. Do you?
These are the facts, not some false narrative by fanbois:
View attachment 138879
Eisner was spending all over the place, trying to do too much too quickly, resulting in him doing a lot of things poorly.
Eisner's problem was not that he was not spending. His problem was that in trying to do too much, he was spending badly.