I don’t have a problem with that...
We know Disney will get money - That was a given. But that’s a small fee and they aren’t lobbying and complaining that they’ll collapse in a week.
I just have no sympathy for the airlines (the top of the pyramid...not the workers)...the economic boom has lasted much longer than the normal cycle - and they’ve proven yet again they can’t be trusted to be responsible.
Even the cruise lines...who evade taxes with registry as is well documented...and want checks. I’m fine with saving them but shouldn’t there be a longterm price for exploiting loopholes?
Right, I just didn't want people to think that Disney wasn't looking for its own form of a handout if the Fed buys up its newly-issued long-term debt.
Former airline employee here, and you'll get no arguments from me at all. They have absolutely raked in profits since 2008-09 and didn't do a damn thing to create any sort of rainy-day fund. Blame the stock analysts (I certainly do) and upper management. The front line and back office employees where I worked were and are still top notch people, by and large. Management? I wouldn't trust them to pick up dog poop.
Imagine the rainy-day fund Disney could have had if it wasn't buying back stock to ensure Iger's golden retirement nest egg remained golden.