Disney eliminates Christmas bonuses for over a thousand employees despite $26 billion in profit

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NewtotheSouthSide wrote:

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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.

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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.

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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.

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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.

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The horror of being expected to work for the amount of money you agreed to work for when you took the job.

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oh the horror wrote:

The horror of being expected to work for the amount of money you agreed to work for when you took the job.

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The GOP are fiscally reckless, like a runaway train out of control.

Does this mean they will now show some wang in their movies?

1. Disney is run by liberal Democrats.
https://www.nytimes.com/2017/10/08/business/media/for-disney-chief-robert-iger-an-unlikely-political-turn.html
https://www.campaignmoney.com/political/contributions/michael-eisner.asp?cycle=16

2. Disney made $ 13bil (not $26) net income for the year ending Sept 2018
https://www.thewaltdisneycompany.com/wp-content/uploads/2018/11/q4-fy18-earnings.pdf

3. Disney owns ABC/ESPN, all liberals

Why is this topic notable? Do you want to start a new thread to announce that the sun came up every day? Corporations are Capitalist. The workers of as much and as little concern to owners as material resources required to operate. The argument about whether this company is liberal or not liberal is no less absurd. Disney donates to Republicans and Democrats. People -- if you have huge investments and don't have to work for a living -- rejoice -- you are free. The rest of us are of zee roooo interest to the mercantilist enterprise beyond our dual use as 1, workers and 2, consumers. Poor Republicans are as tragic as poor whites who died in the American Civil War -- dying out of the hope that they too might one day own slaves. Poor Democrats are no less awful -- giving up their precious grey cells on the hope that they will one day be able to be a Clinton or a Bloomberg and claim to care about working folks while living a life far beyond the means of those who vote for them. Capitalism is as pathetic, as cruel and as all-encompassing as Feudalism. It too will end one day, alas probably with something even less appealing, such as extinction.

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LeGuin wrote:

Why is this topic notable? Do you want to start a new thread to announce that the sun came up every day? Corporations are Capitalist. The workers of as much and as little concern to owners as material resources required to operate. The argument about whether this company is liberal or not liberal is no less absurd. Disney donates to Republicans and Democrats. People -- if you have huge investments and don't have to work for a living -- rejoice -- you are free. The rest of us are of zee roooo interest to the mercantilist enterprise beyond our dual use as 1, workers and 2, consumers. Poor Republicans are as tragic as poor whites who died in the American Civil War -- dying out of the hope that they too might one day own slaves. Poor Democrats are no less awful -- giving up their precious grey cells on the hope that they will one day be able to be a Clinton or a Bloomberg and claim to care about working folks while living a life far beyond the means of those who vote for them. Capitalism is as pathetic, as cruel and as all-encompassing as Feudalism. It too will end one day, alas probably with something even less appealing, such as extinction.

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dsnbdsfhjbds wrote:

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LeGuin wrote:

Why is this topic notable? Do you want to start a new thread to announce that the sun came up every day? Corporations are Capitalist. The workers of as much and as little concern to owners as material resources required to operate. The argument about whether this company is liberal or not liberal is no less absurd. Disney donates to Republicans and Democrats. People -- if you have huge investments and don't have to work for a living -- rejoice -- you are free. The rest of us are of zee roooo interest to the mercantilist enterprise beyond our dual use as 1, workers and 2, consumers. Poor Republicans are as tragic as poor whites who died in the American Civil War -- dying out of the hope that they too might one day own slaves. Poor Democrats are no less awful -- giving up their precious grey cells on the hope that they will one day be able to be a Clinton or a Bloomberg and claim to care about working folks while living a life far beyond the means of those who vote for them. Capitalism is as pathetic, as cruel and as all-encompassing as Feudalism. It too will end one day, alas probably with something even less appealing, such as extinction.

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Socialism = The end result is always that everyone is in absolute poverty except the leaders.
Capitalism = some people rich, some people in the middle, some people poor, not many in absolute poverty compared to the above.

Never in human history has there been a lower percentage of the world's population in poverty and capitalism is 100% responsible for the economic success that has driven those conditions. Socialism is fine for a while, until it takes all the money that capitalism has made. After that, everyone is poor and starving.

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FactsOnly wrote:

1. Disney is run by liberal Democrats.
https://www.nytimes.com/2017/10/08/business/media/for-disney-chief-robert-iger-an-unlikely-political-turn.html
https://www.campaignmoney.com/political/contributions/michael-eisner.asp?cycle=16

2. Disney made $ 13bil (not $26) net income for the year ending Sept 2018
https://www.thewaltdisneycompany.com/wp-content/uploads/2018/11/q4-fy18-earnings.pdf

3. Disney owns ABC/ESPN, all liberals

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LeGuin wrote:

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dsnbdsfhjbds wrote:

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LeGuin wrote:

Why is this topic notable? Do you want to start a new thread to announce that the sun came up every day? Corporations are Capitalist. The workers of as much and as little concern to owners as material resources required to operate. The argument about whether this company is liberal or not liberal is no less absurd. Disney donates to Republicans and Democrats. People -- if you have huge investments and don't have to work for a living -- rejoice -- you are free. The rest of us are of zee roooo interest to the mercantilist enterprise beyond our dual use as 1, workers and 2, consumers. Poor Republicans are as tragic as poor whites who died in the American Civil War -- dying out of the hope that they too might one day own slaves. Poor Democrats are no less awful -- giving up their precious grey cells on the hope that they will one day be able to be a Clinton or a Bloomberg and claim to care about working folks while living a life far beyond the means of those who vote for them. Capitalism is as pathetic, as cruel and as all-encompassing as Feudalism. It too will end one day, alas probably with something even less appealing, such as extinction.

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Socialism = The end result is always that everyone is in absolute poverty except the leaders.
Capitalism = some people rich, some people in the middle, some people poor, not many in absolute poverty compared to the above.

Never in human history has there been a lower percentage of the world's population in poverty and capitalism is 100% responsible for the economic success that has driven those conditions. Socialism is fine for a while, until it takes all the money that capitalism has made. After that, everyone is poor and starving.

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Keep smokin' whatever you are smoking. Capitalism is fine for those living in America, robbing the labor and resources of the "developing nations". You think your system works because you and the brutal dictators you support have a gun held to the heads of those living in the resource source countries. Capitalism for those people is no better than living as a Roman slave or a villain in medieval Europe. Capitalism in your terms only references people with a limited form of citizenship. At the very least admit that you are a huckster for an enterprise little different than Charlemagne's raiding parties into Eastern Europe.

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dsnbdsfhjbds wrote:

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LeGuin wrote:

Why is this topic notable? Do you want to start a new thread to announce that the sun came up every day? Corporations are Capitalist. The workers of as much and as little concern to owners as material resources required to operate. The argument about whether this company is liberal or not liberal is no less absurd. Disney donates to Republicans and Democrats. People -- if you have huge investments and don't have to work for a living -- rejoice -- you are free. The rest of us are of zee roooo interest to the mercantilist enterprise beyond our dual use as 1, workers and 2, consumers. Poor Republicans are as tragic as poor whites who died in the American Civil War -- dying out of the hope that they too might one day own slaves. Poor Democrats are no less awful -- giving up their precious grey cells on the hope that they will one day be able to be a Clinton or a Bloomberg and claim to care about working folks while living a life far beyond the means of those who vote for them. Capitalism is as pathetic, as cruel and as all-encompassing as Feudalism. It too will end one day, alas probably with something even less appealing, such as extinction.

---

Socialism = The end result is always that everyone is in absolute poverty except the leaders.
Capitalism = some people rich, some people in the middle, some people poor, not many in absolute poverty compared to the above.

Never in human history has there been a lower percentage of the world's population in poverty and capitalism is 100% responsible for the economic success that has driven those conditions. Socialism is fine for a while, until it takes all the money that capitalism has made. After that, everyone is poor and starving.

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Who cares. I've never got a Christmas bonus. Ever.

Where is the news coverage of this?

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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.

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Maybe the Managers got to keep 15% of the money that they saved the company for doing this.

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NewtotheSouthSide wrote:

---

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.

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