How much does Disney pay the CMs?

[WDSearcher]

Eisner is flat out leaving because people are sick of him and how he is running the company. They are tired of his attitude and that includes Roy Disney.

Oh come on ... if that were true, Eisner would already be gone. Eisner is leaving because he feels like it. At this year's stockholder's meeting he was voted back in with an overwhelming majority, and Roy wasn't anywhere to be heard or seen. Part of what is making him leave NOW is the whole stockholders thing two years ago, but he's leaving very much on his own terms.

 

[WDSearcher]

Who needs these so called numbers? Do you really expect anyone to believe that a corporation like Disney is not making money? That sounds like the kind of sob story most companies give around contract time!

Well... I would like these "so-called numbers." It seems only fair that if you're going to go on and on about how Disney is making enough money to raise everyone's salaries and provide incentives that you have info to back that up. I mean, you must have at least read something that told you they're flush with cash and can afford it. All we're asking is that you back up your facts. You keep saying others here are "misinformed." So ... inform them. Give them a link to just one article or financial sheet that proves your point and they'll read it and understand. Otherwise, all you're doing is being argumentative and assuming things based on some bitterness towards Michael Eisner and who knows what other info.

It's not an unreasonable request.

 

[DianeV]

Ok you both are right..Disney is in financial ruin and that is why they cant pay their employees better..but its funny how they can come up with the money for their higher ups..hmmmm

As far as Eisner..if you were on the board (who makes the decision) would you vote against your boss? Think about that one

 

[crisi]

Who needs these so called numbers? Do you really expect anyone to believe that a corporation like Disney is not making money? That sounds like the kind of sob story most companies give around contract time!

So what you are saying is you have no proof that Disney can afford this, you just "believe it" to be so. But I, who have bothered to look at numbers, am "misinformed." You don't seem to be informed at all.

Come back and discuss this again when you have something to present other than your own firm belief. The annual report is posted on Disney's website and has been audited and accepted according to Federal law. Its probably a pretty good picture of the company in the wake of Enron. Might not be a bad idea to pick up an Into to Microeconomics textbook as well, as you don't really seem to understand the ideas of marginal cost, supply and demand, and fair market price - as well as how much profit can actually exist long term from a oligopoly. You might want to know how decisions are made in a large publicly traded company as well regarding hiring and firing of CEOs and who has the power to make those decisions.

Contrary to your belief, I am actually very open minded. I'm open to changing my mind presented with evidence - however, evidence is not "I don't need no stinking numbers."

 

[deltachi8]

I may be missing something but I have not seen a shortage of people willing and choosing to work at Disney. Hence, the pay is what the market dictates.

Companies pay executives more because thats what the market price is.

When I took my job, I was told I shold have asked for money - it was a chance I was unwilling to take - there were several people willing to take the job I was offered and at the time, I was unemployed and had no bargaining power. So, I took what was offered and was happy. IF, I had a job, or a special skill set or experience that was quite limited in scope, I am sure I would have asked for more and expected to recieve it. If the company said no, oh well, thats their right and I can move on to the next opportunity.

Its a free market economy. Disney participates in it and does quite well. When you see help wanted signs hanging up at the Dole Whip stand, you will know that there may be time for a change.

Anyone see those signes lately?

 

[crisi]

Ok you both are right..Disney is in financial ruin and that is why they cant pay their employees better..but its funny how they can come up with the money for their higher ups..hmmmm

As far as Eisner..if you were on the board (who makes the decision) would you vote against your boss? Think about that one

That's a false dichotomy.....Disney is not in financial ruin. They make a "reasonable" profit - they are actually quite close to zero economic profit (economic profit being VERY different than accounting profit) - which is how companies should work if the economy is efficient. However, since they are close to zero economic profit, that doesn't leave them a lot of room to pay people more than the market rate.

The board employs Eisner, not the other way around. However, cronyism is rampant on corporate boards - that IS a problem that has been recognized by many people.

 

[WDSearcher]

Ok you both are right..Disney is in financial ruin and that is why they cant pay their employees better..but its funny how they can come up with the money for their higher ups..hmmmm

As far as Eisner..if you were on the board (who makes the decision) would you vote against your boss? Think about that one

I don't believe I ever said that Disney was in "financial ruin." Where did I say that? Where did I even imply that? All I did was ask you to back up your statements. Obviously, you can't. You're doing what a lot of people do -- you're looking at a huge multi-national company and assuming that it has gobs of money to spare without ever having looked at the facts.

As for Eisner, he's not chairman of the board, so if I'm a board member, he's not my "boss." He's the CEO, and he works FOR the board (and the shareholders). Again, check your facts.

 

[DianeV]

Right OK..and the board isnt the one who votes whether to keep him on or not..the shareholders voted for whatever it was worth and it didnt do anything but send a message..but thats ok - Eisner is stepping down (supposedly voluntarily) but he made sure to get a clone of himself in his place (and I already mentioned that)

I really love Disney too but honestly how do some people have such blinders on about the company?

AND again it was mentioned that Disney is not the only company who does that - I am not picking on your precious Disney

 

[SnackyStacky]

I think we've all had our two cents, and this has degenerated into a debate. It's closed folks!