Disney answers to shareholders. And I'm betting that shareholders would rather have the extra profits in their pockets vs. the pockets of the employees. Sorry to say.
If people think the stress on Disney labor is bad now, just wait. IMHO, we are not as far as we realize from a time when many front line CM jobs (particularly in ticketing, customer service and the running of many attractions) will be replaced by either self service technology or emerging generations of robots. Or put differently, the moment many functions can be capably served by a machine that doesn't take breaks, treat guests badly or complain, Disney will go there. The human element will eventually be reserved solely for positions where it adds true value.
Disney answers to shareholders. And I'm betting that shareholders would rather have the extra profits in their pockets vs. the pockets of the employees. Sorry to say.
Which is an extremely short sighted viewpoint for any share holder to take. Unfortunately, over the last 20-30 years the entire culture has changed... You have to remember who some of the biggest shareholders are in a company... the CEOs and senior management. It wasn't as much that case before the 80's rolled around. Disney doesn't answer to the shareholders... the people who run it are out to make as much money as possible and don't care about anyone else. The shareholders reap the benefits... but I'll tell you right now... Those employees would be getting a LOT better deal if CEOs and Senior management were not allowed to own stock. It would never happen, but hey.
Which is an extremely short sighted viewpoint for any share holder to take. Unfortunately, over the last 20-30 years the entire culture has changed... You have to remember who some of the biggest shareholders are in a company... the CEOs and senior management. It wasn't as much that case before the 80's rolled around. Disney doesn't answer to the shareholders... the people who run it are out to make as much money as possible and don't care about anyone else. The shareholders reap the benefits... but I'll tell you right now... Those employees would be getting a LOT better deal if CEOs and Senior management were not allowed to own stock. It would never happen, but hey.
True.
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False.
Don't believe me...do some research on Four Seasons (now the hole in the middle of the donut at WDW) and see just what a couple of rich guys can do with a "quality" brand...if albeit a much smaller one.
I know what they did. They brought in employees from 3rd world nations to staff their locations worldwide. They built many more locations. Is this different from the public Disney company?
I know what they did. They brought in employees from 3rd world nations to staff their locations worldwide. They built many more locations. Is this different from the public Disney company?