This year? They have reportedly eliminated traditional Christmas bonuses for at least a thousand employees despite all-time high profits of $26 billion.
Yay Trickle down economics!
Disney eliminates Christmas bonuses for over a thousand employees despite $26 billion in profit
-
Last year Disney gave out $1000 one time bonuses citing the Trump tax cuts.
This year? They have reportedly eliminated traditional Christmas bonuses for at least a thousand employees despite all-time high profits of $26 billion.
Yay Trickle down economics! -
Heavily liberal company. Talk the talk about helping the lower class, but they don't actually want to do it themselves.
-
Disney has been overtaken by Master Xehanort. He has dispatched an army of heartless to all the worlds of Disney and all its lands. By and large he has succeeded in expelling all that is good, driving out light.
-
What's a Christmas bonus?
-
My employer is hugely profitable and we only get 10 percent off the stores name brand grocery and health and beauty products for a weeks period of time
-
lkj;klj wrote:
Heavily liberal company. Talk the talk about helping the lower class, but they don't actually want to do it themselves.
I think the term is neoliberal, which includes what passes for the political center in modern America, which, economically speaking is right of Atilla the Hun. Ronnie Reagan, G.H.W.Bush, Bill (and Hillary) Clinton, Dubya, Barack Obama, and of course Herr '45 ... they are all the same economically speaking. -
Disney didn’t say they were raising everyone’s compensation by $1000 per year permanently. They could have easily just pocketed the tax benefit like about 99% of the rest of the companies did. So they got a one time tax benefit from Trump last year and passed it along, this year there was no tax benefit to be passed along, end of story. Employees who want to participate in a company’s profit stream need to become part of ownership, either by buying shares outright, through their 401(k), or via stock options.
-
lkj;klj wrote:
Heavily liberal company. Talk the talk about helping the lower class, but they don't actually want to do it themselves.
Liberalism? Capitalism you absolute Moran. -
W. Buffett wrote:
Disney didn’t say they were raising everyone’s compensation by $1000 per year permanently. They could have easily just pocketed the tax benefit like about 99% of the rest of the companies did. So they got a one time tax benefit from Trump last year and passed it along, this year there was no tax benefit to be passed along, end of story. Employees who want to participate in a company’s profit stream need to become part of ownership, either by buying shares outright, through their 401(k), or via stock options.
There was an annual Christmas bonus worth a couple thousand completely unrelated to the tax break. Last year there was a one time tax break bonus of $1000. This year, 2 weeks before Christmas, they cut all bonuses because they said they weren't profitable enough.
They made $26 billion, the most they ever had. A few years ago they averaged made about $6-7 billion a year
the cuts will boost their profit by less than 0.009% -
The major problem with the GOP tax cuts is they NEVER “get to govt spending cuts” that they promise.
How dumb are people? Why do they forget so quickly? The modern GOP is NOT fiscally conservative. They have cut taxes before—several times in most of our lifetimes—and they NEVER get to cutting spending.
I suppose a tax cut would be fine IF they passed legislation slashing government spending FIRST. In other words, cut spending by X amount so they know how much less revenue they’l be taking in and then give X amount back to tax payers. But that’s not what happens. We’ve seen this playbook before—recently.
The GOP controlled both houses of Congress AND had a GOP POTUS for 6 of the 8 Bush II years—this was not that long ago, the early 2000s. They passed a massive tax cut. What else did they do? Well they 1) said the tax cuts would “pay for themselves by driving economic growth 2) they simultaneously MASSIVELY INCREASED government spending!
What happened? We had a short term boom followed by a MASSIVE economic collapse AND a MASSIVE increase in the national debt. But since the economic collapse happened several years later dumb people with short attention spans that are obsessed with tax cuts who think that the minute tax legislation is passed the full effect of said tax legislation is felt—are and where mentally unable to connect the collapse to the very bad tax & spend policies of the GOP.
So, what is happening now? 1) the GOP is saying the same thing about “tax cuts paying for themselves” by driving economic growth 2) CEOs are smart and know if they throw peons short term benefits (like a one time bonus rather than a permanent increase in worker salaries...which are peanuts to the CEOs and which do nothing to address the real issue of wage stagnation) that they can connect that to the tax cuts and say “see trickle down works! What’s good for corporations is good for individuals”...meanwhile those same corporations pocket > 90% of the benefit from the cut 3) the GOP proposes MASSIVE increases in defense spending, infrastructure spending, and spending for a border wall with no plan to pay for any of it.
These tax cuts will have the same effect as prior cuts—a huge increase in the national debt and an eventual economic collapse that disproportionately effects individuals (who, yeah, got a short term increase in $) while corporations make out like bandits (their cuts are permanent). Plus, all the benefits (short term) will be attributed to the current admin, while the long term effects will be blamed on whomever is in office when the $hit hits the fan in several years.
Why do you tax obsess Morans not understand that at this point the ONLY rational approach is an INCREASE in taxes coupled with a DECREASE in spending. We owe too much already to get tax cuts. Tax cuts are a bad idea, fiscally irresponsible, and morally reprehensible. -
Good. Disney is a PUBLIC company, and shouldn’t be promoting one religion’s holiday over others.
-
The last of the Disneys were purged from the board a few years ago.
Now fully in the hands of the usual Hollywood predators -
Move to a first world country. I hot a full monthly salary. Also will have 2 weeks of holidays (1 Werk skiing in the alps). Enjoy your freedom
-
GOP=Not fiscally conservative wrote:
The major problem with the GOP tax cuts is they NEVER “get to govt spending cuts” that they promise.
How dumb are people? Why do they forget so quickly? The modern GOP is NOT fiscally conservative. They have cut taxes before—several times in most of our lifetimes—and they NEVER get to cutting spending.
I suppose a tax cut would be fine IF they passed legislation slashing government spending FIRST. In other words, cut spending by X amount so they know how much less revenue they’l be taking in and then give X amount back to tax payers. But that’s not what happens. We’ve seen this playbook before—recently.
The GOP controlled both houses of Congress AND had a GOP POTUS for 6 of the 8 Bush II years—this was not that long ago, the early 2000s. They passed a massive tax cut. What else did they do? Well they 1) said the tax cuts would “pay for themselves by driving economic growth 2) they simultaneously MASSIVELY INCREASED government spending!
What happened? We had a short term boom followed by a MASSIVE economic collapse AND a MASSIVE increase in the national debt. But since the economic collapse happened several years later dumb people with short attention spans that are obsessed with tax cuts who think that the minute tax legislation is passed the full effect of said tax legislation is felt—are and where mentally unable to connect the collapse to the very bad tax & spend policies of the GOP.
So, what is happening now? 1) the GOP is saying the same thing about “tax cuts paying for themselves” by driving economic growth 2) CEOs are smart and know if they throw peons short term benefits (like a one time bonus rather than a permanent increase in worker salaries...which are peanuts to the CEOs and which do nothing to address the real issue of wage stagnation) that they can connect that to the tax cuts and say “see trickle down works! What’s good for corporations is good for individuals”...meanwhile those same corporations pocket > 90% of the benefit from the cut 3) the GOP proposes MASSIVE increases in defense spending, infrastructure spending, and spending for a border wall with no plan to pay for any of it.
These tax cuts will have the same effect as prior cuts—a huge increase in the national debt and an eventual economic collapse that disproportionately effects individuals (who, yeah, got a short term increase in $) while corporations make out like bandits (their cuts are permanent). Plus, all the benefits (short term) will be attributed to the current admin, while the long term effects will be blamed on whomever is in office when the $hit hits the fan in several years.
Why do you tax obsess Morans not understand that at this point the ONLY rational approach is an INCREASE in taxes coupled with a DECREASE in spending. We owe too much already to get tax cuts. Tax cuts are a bad idea, fiscally irresponsible, and morally reprehensible.
Concur.
Ever since Reagan really pioneered vastly overspending, running huge deficits, the GOP (and many Democrats as well) have been pushing us down the road to fiscal ruin. -
Okay, let's not romanticize the Disneys. Walt Disney was a conservative McCarthyist Republican and supported corporate synergy.
-
Since Carter Democrats have driven down deficits and Republicans driven them up since Reagan.
-
They did not get a one time tax break from Trump.
The corporate tax rate was given a permanent reduction.
It’s the employees that got the temporary tax break. -
W. Buffett wrote:
Disney didn’t say they were raising everyone’s compensation by $1000 per year permanently. They could have easily just pocketed the tax benefit like about 99% of the rest of the companies did. So they got a one time tax benefit from Trump last year and passed it along, this year there was no tax benefit to be passed along, end of story. Employees who want to participate in a company’s profit stream need to become part of ownership, either by buying shares outright, through their 401(k), or via stock options.
It can't just always boil down to blaming the workers for not doing enough. Disney has cash. They have full control of this ship. They employ a ton of lower wage employees and could simply establish what a living wage at their corporation looks like. But they don't. The folks high up make a ton and the people who do actual work there make peanuts. There has to be some balance. Do you really not think they could give everyone a Christmas bonus? They choose not to. They choose profits over people, over the people they employ. -
W. Buffett wrote:
Disney didn’t say they were raising everyone’s compensation by $1000 per year permanently. They could have easily just pocketed the tax benefit like about 99% of the rest of the companies did. So they got a one time tax benefit from Trump last year and passed it along, this year there was no tax benefit to be passed along, end of story. Employees who want to participate in a company’s profit stream need to become part of ownership, either by buying shares outright, through their 401(k), or via stock options.
Wait, so the corporate tax cuts were for only one year? -
I had a similar experience once. Everything worked out fine once Cousin Eddie kidnapped my boss.
