Disney Parks for SALE???

[dismichael]

If you READ my other posts you would see i explained all those things you think are wrong...
1)As for me saying that is was my guess that was as to whether or not i thought Disney was going to be sold and then i listed the reasons (which are FACTS) as to why i believe so. I'm truly sorry if you took offense... But all your accusations have no merit. I will go through each one of the things stated and ill try not to go to fast

2) the board of directors at Disney is made up of 13 members voted on by shareholders BUT the board used to be made up of only 12 members because the CEO and Chairman were the same person... As for the range 5-12, the members of the board do not have to attend every meeting (ie Steve Jobs the majority individual shareholder only attended 75% of meetings last year)

3)I never stated that the name of the company is Disney Corporation i was merely saying it is it is Disney and it is a corporation (in that quote did you see me say it was the name...the answer is no)

4) The Disney family was given a majority stake in Disney this way they still continued to have a say in decisions even after the death of Walt E. Disney.

5)Your telling me if someone buys a majority stock in Disney they will not be just a new investor and they can just supersede rest of the investors?(and i'm not talking about a hostile takeover) If you answered yes to the question above you know NOTHING of what economics!

 

[OnSpaceshipEarth]

One thing is for certain...this whole idea of Disney "selling off the Parks" both saddens me and sickens me.

Disney is not perfect...but they have run the Parks like no other company can(imho). Being on "Disney Property" is like being on sacred ground.

And Walt? Could you imagine how he would feel if he knew that his Parks had been sold?

Sad and sick...this BETTER not happen!

 

[lockedoutlogic]

Two things:

First, walt disney would be a bankrupt quack in todays world and does not translate 50 years into the future. So those that talk about Walt's legacy and "cast in the mold" are actually talking about thin air. Had he lived to 150 he would have spent his last 75 years in retirement. Public Companies that comprise the Dow Jones Industrial Average are all run by bloodsuckers...and its not changing - ever.
In other news, snow is cold.

Second,

the 2010 net revenues were 3 billion from park related purchases...and 3.5 billion on merchandise from parks alone. So that 1.35 billion of income (i.e. profit) is comprised about 95% of merchandise sales supplied by chinese sweatshops peddled en masse using a flooding scheme of saturation that attempt to confuse the casual consumer into thinking that there is a variety in the 300 giftshops on property...when actually there is almost none and therefore allowing walmart principles to govern huge profit.
So the long story short on that is that they very well could generate the same profits - or even more - if they retained very favorable merchandise deals on their parks while leasing the headaches and overhead off on other operators. In fact, the operator could make modest profits and disney could make greater profits by just collecting fees. In theory everybody would win...except the employee and consumer (but who cares?)

What am i saying...i would tend to think the employees would be better off...like maybe not eliminating the gratuity on the dining plan then blaming the waiters for it because they want to evade the IRS.

 

[manning]

Yes i did mistakenly say that the Board is made up of shareholders but the shareholders vote on who is on the board...Just as each American has a say in who is the president (well not really bc of the electoral college but for arguments sake), senators, congressmen, etc. Now we do not actually get to vote on each and every law but because those who we have elected have our best interest at heart so we hope they make the right decision. And is America not still known as a democracy and government by the people for the people.... Thus it is the same with the board those of us who own stock vote and those who are elected make decisions based on common interests. (and P.S. Eisner was on the board until he resigned all his titles and severed ties with Disney)

There is more to it. You don't get to run for the board unless you are nominated by the nomination committee, and do you want to guess who appoints the nominating committee?

I don't know if this is still done in Russia, but back in the cold war days the party would pick a candidate. If the people voted no then the party would pick another candidate. The people never really got the one they wanted because he/she would not be allowed to run.

That's the purpose of a nominating committee.

 

[Dznefreek]

There is an old real estate addage that everything is for sale if the price is right . . . . .

 

[skiingfast]

There is an old real estate addage that everything is for sale if the price is right . . . . .

There are many sayings like that that predate real estate sales.

 

[Horace Horsecollar]

I have no idea if there's any truth to the rumor about Disney selling its parks.

One thing to keep in mind, however, is that selling parks or hotels or real estate does not have to mean turning over operations to another entity.

There are thousands of Marriott-branded hotels, but Marriott International got out of the business of owning hotels around 1992. They manage them, franchise them, brand them, and market them -- but they let other business entities tie up capital in buildings and land. As a result, Marriott International has a much better ROI, and they've been able to grow far more quickly.

I'm not saying the Disney is going to do something similar. But Disney is a business with a lot of capital tied up in its Parks & Resorts business segment.