Disney is great at importing workers from other countries, getting college program temp workers and charging them to stay in Disney housing and making many of the jobs part time to reduce pay and benefits. They also like to outsource many of the positions and contract to outside companies like the food kiosks and restaurants at DS. They collect lease money and a percentage of income by only being a landlord.
Bill
Disney outsources some cafeteria workers, they are paid very little and a couple of them reportedly live in their cars.
Bill
i dont know where you got your info because most interns in centeral florida are not paid. employers figure that experience is better than pay. my son interned in three different jobs and never got any money and these were for for profit corporations and he wasn't shadowing anyone. he actually did alot of the grunt work
This is an easy read article on what's going on in the American economy right now. It explains a bit about what happens to the economy as a whole when company's only concern is value to shareholders. There are long term consequences folks.https://www.linkedin.com/pulse/time-better-capitalism-henry-blodget
What do you consider a "livable wage?" Does the same definition work for everyone? Does the high school student have to make a "livable wage?"That article says everything I was trying to say, thanks likex1000. To people saying those in unskilled jobs should just learn skills if they want to make enough money to live off of. Sure let's go with that, now everyone has very specialized skills, but now there are no maids, no garbage men, no construction workers, no waiters or cashiers. What is your solution for filling these rolls? If we aren't willing to pay them a livable wage why would anyone work them when they could just learn a skill and magically get a well paying job?
I think it's obvious that the CEO/CFO/COO/CDO/etc salaries should be dramatically reduced and the money given to these low level employees.
Ok, let's do a little math to see what kind of raise the employees of Disney might get if this plan were implemented.
Some data:
Number of employees at the Walt Disney Company: 180,000 (in 2014)
Total salary of the top 6 Disney execs: 101,052,561
If we divide the salary total by the total number of workers, we get about $561.40 per employee per year. Divide by 40 x 52 for a full time job, and you've got a whopping $0.27/hour raise. That's right sports fans, 27 cents per hour raise if all the "evil" "overpaid" execs decide to work for free and all that money goes to the employees.
So what's your next brilliant plan to raise the salaries of the downtrodden workers?
You can add some of the 9 billion dollars profit from the last 12 months and pull back some of the money banked in foreign countries.
Bill
You can add some of the 9 billion dollars profit from the last 12 months and pull back some of the money banked in foreign countries.
Bill
You can add some of the 9 billion dollars profit from the last 12 months and pull back some of the money banked in foreign countries.
Bill
Publicly traded companies do not work that way. They are legally required to distribute that profit back to the various shareholders, they didn't stuff that 9 billion dollars under Cinderella's mattress.
There are three things a corporation can do with "profit", they can reinvest it into the company, save some as excess cash and all the rest gets distributed. The decision on how much profit to distribute back to the shareholders are determined but its board.
You can see who the board of directors for Disney is here https://thewaltdisneycompany.com/about/ most are CEO and COOs from other companies (facebook, Starbucks, twitter, blackberry) and investment firms.
You may be very generous, but being willing to distribute the salary of people other than yourself to others isn't a sign of it. Charitable contributions and the like are. These execs may or may not be generous people. Having a massive salary isn't a sign of not being generous.Some people are so greedy. But I am a very generous person. I think it's obvious that the CEO/CFO/COO/CDO/etc salaries should be dramatically reduced and the money given to these low level employees. These CXO's are so selfish to demand such high salaries. If everyone was generous, like some of us in this country, then the CEO's would voluntarily give their money to the low level people. But we know they won't. That's why we need higher tax rates. Take that money and use it to provide more benefits to the lower-wage hard working people. It feels good to be a generous person. It's too bad like half the country is so selfish.
Some people are so greedy. But I am a very generous person. I think it's obvious that the CEO/CFO/COO/CDO/etc salaries should be dramatically reduced and the money given to these low level employees. These CXO's are so selfish to demand such high salaries. If everyone was generous, like some of us in this country, then the CEO's would voluntarily give their money to the low level people. But we know they won't. That's why we need higher tax rates. Take that money and use it to provide more benefits to the lower-wage hard working people. It feels good to be a generous person. It's too bad like half the country is so selfish.
Having a massive salary isn't a sign of not being generous.