Disney heiress says skip theme park

[popy]

How about this, helping the matter of things at Disney now days.


Disney heiress says skip theme park visits to help worker rights

https://www.bostonglobe.com/2022/01/25/business/disney-heiress-says-skip-theme-park...

 

[mattburmeister]

With a net worth of $120 million I say she should put her money where her mouth is

 

[mom2rtk]

With a net worth of $120 million I say she should put her money where her mouth is

Right?

 

[popy]

With By calculations, she owns 4 million shares of the company,
4 million shares I would say trouble is brewing in the camp.

 

[BroadwayHermione5]

With By calculations, she owns 4 million shares of the company,
4 million shares I would say trouble is brewing in the camp.

The stock market and economics were not my greatest subjects so if you could explain that a little I’d appreciate it please and thank you

 

[kylenne]

With a net worth of $120 million I say she should put her money where her mouth is

Abigail Disney absolutely does put her money where her mouth is, if you know anything at all about her. One of the few millionaires in this country actually worth something besides money.

 

[namelessoracle]

With By calculations, she owns 4 million shares of the company,
4 million shares I would say trouble is brewing in the camp.

Shes been advocating against Disney for awhile now. I would imagine the Disney board has a full on strategy to deal with her and minimize what she does. Does she own her shares outright or are they in a trust? Do her shares have normal voting power? Are her shares dliliuted or limited somehow? If not she would be a potential kingmaker if there was an actual contest in the board. But that would also assume any fight at those levels wouldnt involve both parties disgusting her.

She seems like in a weird position where if she actually sold or divested she would lose what little influence she did have on what goes on.

 

[popy]

I will give you a idea, Disney stopped dividends payouts, when a company ceases dividends, this means that can not or will not spend the money because they do not have enough to go around, when that happens people quite buying shares means not as much money coming in.
also Disney is over 50 Billion in debt, with little cash on hand.
means bad times ahead for Disney as well as investor.
This post mentions Disney heiress, advising stay away from parks, she holds 4 million shares which is a large amount, meaning her options makes a difference, when I see this as a stock holder, I see the corporation does not agree with each other ,( fighting In the family )
all could be bad times ahead of Disney,
for what it is worth , hope it helps, Disney will come out ok but it could be later than sooner.
Figure stock holders get .88cents per share dividends, and this
lady has 4 million shares times at .88 Cents each. and that is two times a year. A lot of people not happy and I am one. And the thing is ,they are not going fix it anytime to, soon,
why not enough money. Luckily they took a huge loan out to makes ends meet, but payback is coming , what does that mean to me,
prolonging the Agony.

 

[namelessoracle]

This is kind of a nonsensical statement. Lots of companies dont pay dividends anymore. Amazon doesnt, nor does Tesla.

Also I decided to check. Disney has an estimated 1.82 billion shares issued. She owns a whopping 0.22 percent of the company at 4 million shares.

Edit:

it looks like the 4 million shares number is also in dispute. and its estimated that Bog Eiger is the single biggest individual holder of Disney stock atm owning about 0.06 of the company. Abigail Disney refuses to disclose how much stock she owns in the company, but if she was the single largest individual shareholder that would be a known fact at this point.

 

[fatmanatee]

Where is this 4 mil number coming from?

EDIT: to add to this, I don’t think it matters. What Abigail says matters more because of her name and lineage than how many shares she has. And even then, I’m not sure how much of an impact it has. Her opinions on the state of the company have been well known for awhile.

 

[BostonEd]

Lots of companies don't pay dividends, but that is part of their long term strategy. DIS was a dividend-paying company until recently. Not generally a good move.

If Abigail owns 4M shares, then her net worth would be WAY more than $120M. So, one of those numbers are off.

She would have to get a team of shareholders totaling at LEAST 10% of the company to have any real say. For better or worse, she does not.

 

[reddog21]

This is kind of a nonsensical statement. Lots of companies dont pay dividends anymore. Amazon doesnt, nor does Tesla.

Also I decided to check. Disney has an estimated 1.82 billion shares issued. She owns a whopping 0.22 percent of the company at 4 million shares.

Edit:

it looks like the 4 million shares number is also in dispute. and its estimated that Bog Eiger is the single biggest individual holder of Disney stock atm owning about 0.06 of the company. Abigail Disney refuses to disclose how much stock she owns in the company, but if she was the single largest individual shareholder that would be a known fact at this point.

Iger is the largest shareholder as a current employee(now retired), he's definitely not the largest individual shareholder. If I would take a guess it has to be either Steve Jobs widows(sale of Pixar) or George Lucus(Lucus films sale)

 

[mattburmeister]

Abigail Disney absolutely does put her money where her mouth is, if you know anything at all about her. One of the few millionaires in this country actually worth something besides money.

Absolutely not, according to a 2019 quote from Abigail Disney:

"While she declined to tell the network whether she thought Iger specifically was overpaid, she said that "if your CEO salary is at the 700, 600, 500 times your median workers' pay, there is nobody on Earth, Jesus Christ himself isn't worth 500 times his median workers' pay.""

https://edition.cnn.com/2019/03/07/media/disney-bob-iger-compensation/index.html
Anyone with that level of net worth is disgusting and has earned it off the backs of these workers she claims to fight for.

 

[amylevan]

Iger is the largest shareholder as a current employee(now retired), he's definitely not the largest individual shareholder. If I would take a guess it has to be either Steve Jobs widows(sale of Pixar) or George Lucus(Lucus films sale)

Laurene Jobs was selling off her Disney stock and was down to 4%. At 4%, it no longer has to be reported, so she (well the trust) may have since sold even more.
Lucas was around 2%, but again, it was reported he was selling down but at less than 4% it’s not really tracked.

Honestly, other than having the last name Disney, what does it matter what she thinks? She has no significant voting power, she’s not a business woman, and a Disney family member hasn’t been involved in the company since Roy Jr. It’s not a family owned company and hasn’t been for years. But even if it was, SHE is not involved in the company. She doesn’t sit on the board. Her opinion is no more important than you or I.

 

[motherof5]

Article isn't there anymore under link, would have liked to read it.

 

[starlite_]

I'm unsure what you are expecting her to do when she has no say in the company. Sure, she could donate all her money to the employees out of pocket I suppose for a year and then what?

 

[lockets]

Article isn't there anymore under link, would have liked to read it.

https://www.bloomberg.com/news/arti...-skip-theme-park-visits-to-help-worker-rights

 

[trompettecon]

With a net worth of $120 million I say she should put her money where her mouth is

She does.

 

[Aprilshack]

Most park goers won't of heard of her, will watch her documentary, watch vlogs or reviews & will be oblivious to what is going on within the Disney camp unfortunately.

 

[motherof5]

https://www.bloomberg.com/news/arti...-skip-theme-park-visits-to-help-worker-rights

thank you