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Will Disney pass their new found wealth to the CM's ?

wannabeBelle

Well-Known Member
As far as a lifelong job, from what I understand there is a great potential for promotion within the company as well. I know that there are only so many Jim MacPhee, Tony Baxter, John Lassiter type stories but I wonder how many middle management jobs are filled with people who promoted from within?
If it about having a choice between getting a $1000 bonus or not, there is no question. I'd say thank you be happy with it!! Marie
 

Jedi Stitch

Well-Known Member
This is a question that can be asked about all the corporations, are they going to take the tax break and reinvest? Are they going to hand up on the wages, and the infrastructure that Trump said he wants to happen with the money, or are they going to line the Executive and Board pockets, flushing the share holders to get a bigger piece of the exchange?
 

Dutch Inn '76

Well-Known Member
This is a question that can be asked about all the corporations, are they going to take the tax break and reinvest? Are they going to hand up on the wages, and the infrastructure that Trump said he wants to happen with the money, or are they going to line the Executive and Board pockets, flushing the share holders to get a bigger piece of the exchange?

Of course, they'll do all three. Any new profits will be invested the way all profits are; in the business: in the people and infrastructure needed to grow the business. That's what I do with my small business; that's what they do with their huge corporations. If they don't, then they will fail and someone else will do it correctly.
 

Dave B

Well-Known Member
Disney is NOT a 501C3 non profit, they are a business trying to make money, you have a choice to work for Disney, you have a choice to work wherever you want, they give their employees a lot of perks, they are not bad employers for not giving more back, as a Disney Stock holder I love to see great earning reports
 

jloucks

Well-Known Member
If I win the lottery, my kids might not even get $1000. What is with the entitlement mentality?

Disney has a business to run. This isn't a lottery effect. They are in a viciously competitive environment and again, do not make insane margins. It would only take a couple bad quarters to really test Disney's financial viability. It's a constant fight. 3 of their 4 businesses are in decline.

I think $1,000 is a nice gesture to their employees. They aren't going to take the $1.6B tax savings and divide it by the number of employees and continue it every year. This isn't communism. It's capitalism.

No one knows how the tax law will affect the economy. It's too hard to know. History will tell us.

If everyone gets richer, it's a positive. Don't confuse wealthy getting richer at a faster rate with failure. That's just how finance works. 10% for us isn't the same as 10% for Warren Buffett.

Saying you'd rather have nothing is just letting petty pride get in the way. I'll take a $1,000 any day of the week.

Oh, you are correct. There is pride involved. Absolutely. Self respect too. I don't think 'petty' is an accurate adjective.

Many years ago, I told one employers they could keep the raise they offered, and that it was not commensurate with all of the hard work I had put in over the last year. I admitted that I felt it a bit insulting. They doubled my raise. I accepted.

My whole point being, rejecting offensive behavior of any kind, including offensive compensation, is a part of self respect. You called it pride, but there is a thin line between the two.

Think of it another way. Think of it like tipping. You don't tip somebody 5% and expect them to just be grateful. Disney tipped their employees an offensive %.

$1,000 changes a lot of people's lives. 57% of people, including 67% of millennials, have less than $1,000 in their savings account. Don't make the mistake of assuming that just because $1,000 wouldn't change YOUR life it wouldn't change anyone's.

That is depressing, and a topic I could really go into, but I wanna go back to the $1000.

That doesn't change the buying power of the money. $1,000 is $1,000. It is still just 10 trips to the grocery store. I just don't see how 10 trips to the grocery store can make that big a difference in an life. Another perspective, at minimum wage, it is 3.4 weeks paid vacation. 6.5% of their annual income. Nice, yes. Life changing, not so sure.

Oh! I see what is going on. We all have a different definition of "change life". I meant it in a more substantial way. A new career. An education. A free car. Stuff like that. $1,000 will buy you what? a 65 inch tv? Well, yea, that would definitely change your life for the better, but that's not what I meant. Now that I am thinking about it, a giant TV is a pretty good life improvement. I just need to lower my bar a tad.
 

21stamps

Well-Known Member
Oh, you are correct. There is pride involved. Absolutely. Self respect too. I don't think 'petty' is an accurate adjective.

Many years ago, I told one employers they could keep the raise they offered, and that it was not commensurate with all of the hard work I had put in over the last year. I admitted that I felt it a bit insulting. They doubled my raise. I accepted.

My whole point being, rejecting offensive behavior of any kind, including offensive compensation, is a part of self respect. You called it pride, but there is a thin line between the two.

Think of it another way. Think of it like tipping. You don't tip somebody 5% and expect them to just be grateful. Disney tipped their employees an offensive %.



That is depressing, and a topic I could really go into, but I wanna go back to the $1000.

That doesn't change the buying power of the money. $1,000 is $1,000. It is still just 10 trips to the grocery store. I just don't see how 10 trips to the grocery store can make that big a difference in an life. Another perspective, at minimum wage, it is 3.4 weeks paid vacation. 6.5% of their annual income. Nice, yes. Life changing, not so sure.

Oh! I see what is going on. We all have a different definition of "change life". I meant it in a more substantial way. A new career. An education. A free car. Stuff like that. $1,000 will buy you what? a 65 inch tv? Well, yea, that would definitely change your life for the better, but that's not what I meant. Now that I am thinking about it, a giant TV is a pretty good life improvement. I just need to lower my bar a tad.

A free car????

Nothing is stopping them from getting an education or a new career.. they are choosing to work at Disney. They accepted an hourly rate.
Because of this, a $1000 bonus is insulting, the correct thing to do would give a free car?!


We’ve gone mad with entitlement. Absolutely mad.
 

jloucks

Well-Known Member
What world do you live in where $125,000,000 is a token. They didn't have to even do that if they didn't want too. That $1000.00 is going to affect them more then you think. I don't know what you make, but, at the rate of pay they have the tax liability is quite small. It will buy a lot of things otherwise unavailable to them. There should be at least a little appreciation considering there was no requirement to do it. Go overboard and see if it will ever happen again. No one was owed it... it is a gift no matter how wealthy TWDC appears to be to you.

It is all about percentages. You have to use those to determine tokens. So, Disney netted 2.4B (out of 14.7b rev) in 2016? (I did a super fast search, might be inaccurate) So, $125,000,000 is 5.01% of that. That, is pretty much just a token, yes. Now, if that were to all go to one person, then it become a landfall to that person! ..but still just a token to Disney.

$1,000 to an employee, at minimum wage, is about 6.5%. Again, a token. Since Disney staff make more than minimum, it is even a smaller percentage.

Again, we may have varying definitions of the word 'token'. I am leaning towards the 'small in value' definition.
 

jloucks

Well-Known Member
A free car????

Nothing is stopping them from getting an education or a new career.. they are choosing to work at Disney. They accepted an hourly rate.
Because of this, a $1000 bonus is insulting, the correct thing to do would give a free car?!


We’ve gone mad with entitlement. Absolutely mad.


Wait what? I never said anybody should give anybody a free car. I gave that as an example of a life changing event.
 

Goofyernmost

Well-Known Member
It is all about percentages. You have to use those to determine tokens. So, Disney netted 2.4B (out of 14.7b rev) in 2016? (I did a super fast search, might be inaccurate) So, $125,000,000 is 5.01% of that. That, is pretty much just a token, yes. Now, if that were to all go to one person, then it become a landfall to that person! ..but still just a token to Disney.

$1,000 to an employee, at minimum wage, is about 6.5%. Again, a token. Since Disney staff make more than minimum, it is even a smaller percentage.

Again, we may have varying definitions of the word 'token'. I am leaning towards the 'small in value' definition.
Depends on which side of the fence you are on. You're right though, now that you mention it, if they are going to insult them by only giving them a token, then by-god, they should just forget it. Who needs that tiny amount anyway. That will show those cheap SOB's. Oh, and btw, it is infinity percent when you have never gotten a bonus ever. Obviously, it is an across the board bonus so there is no percentage in this equation anyway. Percent of what? Everyone is different. Is it the same for a part-timer as a full timer? 125,000 employees must cover a lot more then just full time CM's.
 

wannabeBelle

Well-Known Member
I would submit that a raise and a bonus are two very different things and are given for different reasons. The raise was to recognize your work, and was up for debate. If you and your employer didn't agree, you certainly had the option to obtain employment elsewhere. This specific bonus was a surprise and was not tied to any contract promise, condition of employment, a promise of a bonus at the end of a project or anything else. It was a pure gift from the company. If you want to refuse such a bonus you would certainly be within your rights to do so and leave the company, but I am betting that most of the people who got this, are just happy about it. Marie
 

jloucks

Well-Known Member
I would submit that a raise and a bonus are two very different things and are given for different reasons. The raise was to recognize your work, and was up for debate. If you and your employer didn't agree, you certainly had the option to obtain employment elsewhere. This specific bonus was a surprise and was not tied to any contract promise, condition of employment, a promise of a bonus at the end of a project or anything else. It was a pure gift from the company. If you want to refuse such a bonus you would certainly be within your rights to do so and leave the company, but I am betting that most of the people who got this, are just happy about it. Marie

In this scenario you are correct. I have seen bonuses tied to performance. Actually, my guess is that most are. The Disney bonus was designed neither as an incentive, nor a reward for anything specific. It was more of a random gratuity. A small one at that.
 

21stamps

Well-Known Member
Wait what? I never said anybody should give anybody a free car. I gave that as an example of a life changing event.

Disney did not have to give anything. The companies who paid out bonuses are in the minority, not majority. I think it’s very odd to complain about something that is a non-agreed upon bonus, it’s not part of a pay plan, it was a gesture of appreciation.
 

jloucks

Well-Known Member
Disney did not have to give anything. The companies who paid out bonuses are in the minority, not majority. I think it’s very odd to complain about something that is a non-agreed upon bonus, it’s not part of a pay plan, it was a gesture of appreciation.

Small gesture..... :p
 

wannabeBelle

Well-Known Member
Not having spoken to any of my Cast Member friends for their opinion on this, I am thinking that they will be grateful for this small gesture rather than have gotten nothing as you suggested would be a better alternative. Marie
 

jloucks

Well-Known Member
Not having spoken to any of my Cast Member friends for their opinion on this, I am thinking that they will be grateful for this small gesture rather than have gotten nothing as you suggested would be a better alternative. Marie

I said "respect" not "better". There is a BIG difference. I was supporting another posters company for not bonusing.
 

xdan0920

Think for yourselfer
Whoa. Hot take city in here. $1000 as an insult.

FWIW, I make significantly more then that every week. But if I was handed $1000, I wouldn’t be insulted, I’d be grateful. Now, imagining making $500 a week? And my boss drops two weeks of pay into my lap? That would be incredible. Yeah, it wouldn’t be whole life changing, but in the short term, it would make a tremendously positive difference in my life.

If you can’t see that, then you may just be too far removed from the front lines to have a proper take on this matter.
 

CaptainAmerica

Well-Known Member
In this scenario you are correct. I have seen bonuses tied to performance. Actually, my guess is that most are. The Disney bonus was designed neither as an incentive, nor a reward for anything specific. It was more of a random gratuity. A small one at that.
A front-line cast member is making what, $20,000 per year? This is a 5% bonus for people working in jobs that would never otherwise be bonus-eligible.
 

larandtra

Well-Known Member
I dont think the "I deserve" mentality sits well with most people and anyone who understands business. It just blows my mind that anyone would find a 1000 dollar bonus insulting when you work in a position that rarely if ever gets bonuses.
 

CaptainAmerica

Well-Known Member
I just must not get it. If someone handed me a $1000 bonus that I was not expecting or had not bargained for, I'd be pretty happy with that. Given the choice between that or not getting anything because the company wasn't going to give me more than the $1000, I know which option I'd take. Marie
The post-modernists and neo-Marxists view every human interaction in the context of the interaction's power dynamics. Everything is a struggle between Oppressor and Oppressed. In the employer-employee relationship, the employer is the Oppressor and the employee is the Oppressed. Anything less than full capitulation from the Oppressor is seen as an injustice. They completely ignore the fact that the exchange of labor for an agreed-upon wage is a voluntary transaction, not a coerced one.
 

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