The people who are buying the stock, along with sponsors and other business participants.
I know what you meant. It was mostly a facetious comment.
But the point was that hey ... welcome to the real world. My parents were often exhausted at the end of the day and I could never figure out why. Then I had my first summer job, where I worked hard all day for normal "student / summer job" pay, and I understood. I had a lot more respect for "the working man" after that. And I spent money differently after that too, because I knew how hard it was to earn.But then how long after that pay raise does productivity again fall until the NEXT pay raise? If you're not giving your best at pay rate X, why should I raise your pay to pay rate Y? In the various jobs I've had, you get more pay because you've worked hard and earned it. You don't get more money in the hopes that if I give you more, you'll earn it after the fact.
Not directly, no. It's not as if I, as a shareholder, am giving Disney $20 to help offset costs every time you, as a guest, walk into the park. But why do you think companies sell stock? Because it brings in cash. Companies sell stock so that people will give them money.
But then how long after that pay raise does productivity again fall until the NEXT pay raise? If you're not giving your best at pay rate X, why should I raise your pay to pay rate Y? In the various jobs I've had, you get more pay because you've worked hard and earned it. You don't get more money in the hopes that if I give you more, you'll earn it after the fact.
Ah ... yes. Totally makes sense from that standpoint. Sucks for you, but makes sense!
Honestly? That's virtually impossible unless the Disney CM in question isn't keeping track of their paychecks and simply doesn't care. I can't remember a year when hourlies didn't get at least a basic cost-of-living increase. I can remember times when the salaried CMs were told that raises would be delayed due to cash flow needs, but never a time when there were no annual bump-ups. Execs have, from time to time, forgone raises -- the last time merits were handed out, no one on an executive level got one so that everyone on the middle-manager level could. Those positions covered by union contracts get raises every year no matter what. Maybe not huge raises, but they get what they agreed on during negotiations.
Not directly, no. It's not as if I, as a shareholder, am giving Disney $20 to help offset costs every time you, as a guest, walk into the park. But why do you think companies sell stock? Because it brings in cash. Companies sell stock so that people will give them money.
When I bought my Disney stock, I paid them however much (I think it was around $21 at the time of my first stock purchase) and got nothing at the time except an expectation of a profitable sale if and when I decided to sell it. But the point is that I handed them a bunch of money. Money that they then used to maintain, expand and improve their business. If stockholders weren't purchasing Disney stock, that money would have to come from somewhere else. And that "somewhere else" is from higher prices at the parks.
Not directly, no. It's not as if I, as a shareholder, am giving Disney $20 to help offset costs every time you, as a guest, walk into the park. But why do you think companies sell stock? Because it brings in cash. Companies sell stock so that people will give them money.
When I bought my Disney stock, I paid them however much (I think it was around $21 at the time of my first stock purchase) and got nothing at the time except an expectation of a profitable sale if and when I decided to sell it. But the point is that I handed them a bunch of money. Money that they then used to maintain, expand and improve their business. If stockholders weren't purchasing Disney stock, that money would have to come from somewhere else. And that "somewhere else" is from higher prices at the parks.
Honestly? That's virtually impossible unless the Disney CM in question isn't keeping track of their paychecks and simply doesn't care. I can't remember a year when hourlies didn't get at least a basic cost-of-living increase.
In CA the $18K employee would have to pay State Income taxes...so they are farther ahead in FL....
Honestly? That's virtually impossible unless the Disney CM in question isn't keeping track of their paychecks and simply doesn't care. I can't remember a year when hourlies didn't get at least a basic cost-of-living increase. I can remember times when the salaried CMs were told that raises would be delayed due to cash flow needs, but never a time when there were no annual bump-ups. Execs have, from time to time, forgone raises -- the last time merits were handed out, no one on an executive level got one so that everyone on the middle-manager level could. Those positions covered by union contracts get raises every year no matter what. Maybe not huge raises, but they get what they agreed on during negotiations.
AND I STILL WOULDN'T TRADE IT FOR ANYTHING
isn't that part of why we have the mortage mess...$8.90/hr people "buying" $200K houses with no money down and an interest only timebomb?
For goodness sake ... welcome to the world of business.
They are not "selling vacations at a loss".
Why do you think businesses sell stock? They do it to bring in money so that they have some operating funds. If not, then consumers would have to provide 100% of the cost of something, and none of us would be able to afford anything.
Let's make believe that one person's WDW ticket was equal to the daily pay of one WDW CM. (It's not, but for sake of example, let's go with that.) There are 55,000 CMs at WDW. So the first 55,000 people through the gate on any given day are doing nothing more than paying the salaries of the CMs. If you look at an average of 120,000 guest per day (WDW's annual estimated attendance of 47,000,000 divided by 365), that means that just under half of the money coming in every single day goes to simply paying cast their hourly pay rate. Doesn't include benefits or costuming or any other CM costs. And, really ... a good percentage of the people walking in the gate every day are using APs or comp tickets or the 10th day on a 10-day pass, which costs about $3, so it's not really equitable, but let's imagine that it is.
So ... you've paid the cast and you have 65% of your gate income left. That has to cover everything else -- ride and show development, maintenance, utilities, transportation, lighting, audio, safety, costumes, parade floats, attraction parts, equipment, decorations, water, fireworks, etc. Obviously, what's coming in the gate is not covering 100% of what it takes to offer the Guest the vacation they get when they walk through the gate.
The company says, "Gee ... how are we going to cover the rest of that cost?" They could double the cost of tickets, but that's not likely to go over well. So they find sponsors for things they can find sponsors for, and they get the rest of the money by issuing stock. People like me purchase stock and provide Disney with an influx of cash to continue building and operating the parks. Then, if Disney has done their job properly and used my money well, in a few years when I need some funds, I sell that stock for more money than I paid for it, thereby netting myself a profit. Somebody else buys the stock I just sold, thereby sending more money into Disney to use as above. Lather / rinse / repeat.
Basically, I've loaned WDW $21 per share of the stock that I've purchased, and when I sell it later for $34 a share, I make a little money for having done that. Not exactly a pyramid scheme.
Welcome to capitalism and the stock market.
They are not "selling vacations at a loss".
