Current Events > Disney is gonna furlough their workers on the 19th

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1NfamousACE_2 04/06/20 7:59:47 AM #1:	Whoa....way more unemployment claims coming soon --- Brady will never receive a HOF vote. He has been blackballed for cheating. - DeadCellReborn <cite>1NfamousACE_2 posted [p:936874585] in Disney is ... [t:78548796]...</cite> <quote>Whoa....way more unemployment claims coming soon </quote> ... Copied to Clipboard!
Garioshi 04/06/20 8:02:17 AM #2:	Boy oh boy --- "I play with myself" - Darklit_Minuet, 2018 <cite>Garioshi posted [p:936874648] in Disney is ... [t:78548796]...</cite> <quote>Boy oh boy </quote> ... Copied to Clipboard!
thebatz 04/06/20 8:02:30 AM #3:	Going to suck for the epcot workers. Most of the workers (if they haven't already returned home) are brought in from the countries they represent at epcot. --- Toronto Maple Leafs <cite>thebatz posted [p:936874654] in Disney is ... [t:78548796]...</cite> <quote>Going to suck for the epcot workers. Most of the workers (if they haven't already returned home) are brought in from the countries they represent at epcot. </quote> ... Copied to Clipboard!
ZevLoveDOOM 04/06/20 8:04:07 AM #4:	so one of the biggest companies in the world cant afford to pay salaries for their workers? did i read it right?? <cite>ZevLoveDOOM posted [p:936874703] in Disney is ... [t:78548796]...</cite> <quote>so one of the biggest companies in the world cant afford to pay salaries for their workers? did i read it right?? </quote> ... Copied to Clipboard!
BroodRyu 04/06/20 8:04:18 AM #5:	Wheres the source on this? <cite>BroodRyu posted [p:936874708] in Disney is ... [t:78548796]...</cite> <quote>Wheres the source on this? </quote> ... Copied to Clipboard!
ssjevot 04/06/20 8:06:44 AM #6:	ZevLoveDOOM posted... so one of the biggest companies in the world cant afford to pay salaries for their workers? did i read it right?? I believe their CEO is getting no compensation currently and all executives are taking big pay cuts. A lot of companies don't run very large excess revenues because of the nature of modern business practices (if you have a bunch of money just sitting around doing nothing shareholders will demand it get invested or paid to them in dividends). Not a fan of Disney but they likely don't have much of a choice after a while. --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss <cite>ssjevot posted [p:936874767] in Disney is ... [t:78548796]...</cite> <quote>ZevLoveDOOM posted... </cite> <quote>so one of the biggest companies in the world cant afford to pay salaries for their workers? did i read it right??</quote> I believe their CEO is getting no compensation currently and all executives are taking big pay cuts. A lot of companies don't run very large excess revenues because of the nature of modern business practices (if you have a bunch of money just sitting around doing nothing shareholders will demand it get invested or paid to them in dividends). Not a fan of Disney but they likely don't have much of a choice after a while. </quote> ... Copied to Clipboard!
Jiggy101011 04/06/20 8:12:42 AM #7:	I dont know what unemployment is in FL and CA but wont the workers get paid more by being furloughed? --- Gamertag: F1RE v2 PSN ID: F1REx Man got me a 9 and she sexy <cite>Jiggy101011 posted [p:936874901] in Disney is ... [t:78548796]...</cite> <quote>I dont know what unemployment is in FL and CA but wont the workers get paid more by being furloughed? </quote> ... Copied to Clipboard!
pikachupwnage 04/06/20 8:26:51 AM #8:	The company is basically just Disney Plus/Hulu and television royalties right now. Parks are closed, theaters are closed, toy sales and production are down, ESPN is a barren wasteland etc. --- My Mario Maker 2 Maker ID is J2K-RFD-K4G Even In sigs FOE! http://i2.kym-cdn.com/photos/images/newsfeed/000/665/328/d75.gif <cite>pikachupwnage posted [p:936875263] in Disney is ... [t:78548796]...</cite> <quote>The company is basically just Disney Plus/Hulu and television royalties right now. Parks are closed, theaters are closed, toy sales and production are down, ESPN is a barren wasteland etc. </quote> ... Copied to Clipboard!
Zanzenburger 04/06/20 8:33:06 AM #9:	ssjevot posted... I believe their CEO is getting no compensation currently and all executives are taking big pay cuts. A lot of companies don't run very large excess revenues because of the nature of modern business practices (if you have a bunch of money just sitting around doing nothing shareholders will demand it get invested or paid to them in dividends). Not a fan of Disney but they likely don't have much of a choice after a while. This. Our current corporate finance culture is designed in a way that a company has to be utilizing every penny it has, so it's not allowed to keep reserves of money anywhere. Shareholders like to see the money being used for something. The best companies can do in a pinch is liquidate some assets, but even that has negative implications for their stock price, so it's only seen as a last resort. I honestly find the current corporate finance system ridiculous when you really think about it. A company has to continue growing, otherwise it's seen as a failure and stocks go down. For example, if a business makes in profit (completely arbitrary numbers) $1.50 one year, $1.75 the next year, $1.70 the year after that, $1.80 the year after that, then $1.79 the year after that, it's considered a struggling business because of the two years profits went down. Even though its trending up, and most small business owners would be happy to see this type of steady growth, shareholders don't like to see this. I went off-topic there, but I took a finance class recently and this stuck out to me. --- Congratulations! Your post was deemed response-worthy. <cite>Zanzenburger posted [p:936875431] in Disney is ... [t:78548796]...</cite> <quote>ssjevot posted... </cite> <quote>I believe their CEO is getting no compensation currently and all executives are taking big pay cuts. A lot of companies don't run very large excess revenues because of the nature of modern business practices (if you have a bunch of money just sitting around doing nothing shareholders will demand it get invested or paid to them in dividends). Not a fan of Disney but they likely don't have much of a choice after a while.</quote>This. Our current corporate finance culture is designed in a way that a company has to be utilizing every penny it has, so it's not allowed to keep reserves of money anywhere. Shareholders like to see the money being used for something. The best companies can do in a pinch is liquidate some assets, but even that has negative implications for their stock price, so it's only seen as a last resort. I honestly find the current corporate finance system ridiculous when you really think about it. A company has to continue growing, otherwise it's seen as a failure and stocks go down. For example, if a business makes in profit (completely arbitrary numbers) $1.50 one year, $1.75 the next year, $1.70 the year after that, $1.80 the year after that, then $1.79 the year after that, it's considered a struggling business because of the two years profits went down. Even though its trending up, and most small business owners would be happy to see this type of steady growth, shareholders don't like to see this. I went off-topic there, but I took a finance class recently and this stuck out to me. </quote> ... Copied to Clipboard!
Solid Sonic 04/06/20 8:33:15 AM #10:	BroodRyu posted... Wheres the source on this? I've been seeing it on the local news frequently since I'm just a short hop over from Disney World. --- "It feels like I'm always wrong." "Nah, that's not true...I mean you just made that statement, didn't you?" <cite>Solid Sonic posted [p:936875434] in Disney is ... [t:78548796]...</cite> <quote>BroodRyu posted... </cite> <quote>Wheres the source on this?</quote> I've been seeing it on the local news frequently since I'm just a short hop over from Disney World. </quote> ... Copied to Clipboard!
Squall28 04/06/20 8:43:40 AM #11:	Zanzenburger posted... I honestly find the current corporate finance system ridiculous when you really think about it. A company has to continue growing, otherwise it's seen as a failure and stocks go down. For example, if a business makes in profit (completely arbitrary numbers) $1.50 one year, $1.75 the next year, $1.70 the year after that, $1.80 the year after that, then $1.79 the year after that, it's considered a struggling business because of the two years profits went down. Even though its trending up, and most small business owners would be happy to see this type of steady growth, shareholders don't like to see this. Agreed. This makes companies try to chase growth in idiotic ways instead of trying to grow normally. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:936875728] in Disney is ... [t:78548796]...</cite> <quote>Zanzenburger posted... </cite> <quote>I honestly find the current corporate finance system ridiculous when you really think about it. A company has to continue growing, otherwise it's seen as a failure and stocks go down. For example, if a business makes in profit (completely arbitrary numbers) $1.50 one year, $1.75 the next year, $1.70 the year after that, $1.80 the year after that, then $1.79 the year after that, it's considered a struggling business because of the two years profits went down. Even though its trending up, and most small business owners would be happy to see this type of steady growth, shareholders don't like to see this.</quote> Agreed. This makes companies try to chase growth in idiotic ways instead of trying to grow normally. </quote> ... Copied to Clipboard!
pikachupwnage 04/06/20 9:05:33 AM #12:	Squall28 posted... Agreed. This makes companies try to chase growth in idiotic ways instead of trying to grow normally. Its very harmful to workers rights and the stability of our economy. --- My Mario Maker 2 Maker ID is J2K-RFD-K4G Even In sigs FOE! http://i2.kym-cdn.com/photos/images/newsfeed/000/665/328/d75.gif <cite>pikachupwnage posted [p:936876389] in Disney is ... [t:78548796]...</cite> <quote>Squall28 posted... </cite> <quote>Agreed. This makes companies try to chase growth in idiotic ways instead of trying to grow normally.</quote> Its very harmful to workers rights and the stability of our economy. </quote> ... Copied to Clipboard!
1NfamousACE_2 04/06/20 9:10:46 AM #13:	BroodRyu posted... Wheres the source on this? My coworker has family that works there. They just got told last week that on the 19th, they'll stop recieving money. --- Brady will never receive a HOF vote. He has been blackballed for cheating. - DeadCellReborn <cite>1NfamousACE_2 posted [p:936876600] in Disney is ... [t:78548796]...</cite> <quote>BroodRyu posted... </cite> <quote>Wheres the source on this?</quote> My coworker has family that works there. They just got told last week that on the 19th, they'll stop recieving money. </quote> ... Copied to Clipboard!
AFrench2 04/06/20 9:15:17 AM #14:	1NfamousACE_2 posted... Whoa....way more unemployment claims coming soon ok --- Ohh boy <cite>AFrench2 posted [p:936876747] in Disney is ... [t:78548796]...</cite> <quote>1NfamousACE_2 posted... </cite> <quote>Whoa....way more unemployment claims coming soon</quote>ok </quote> ... Copied to Clipboard!
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Current Events > Disney is gonna furlough their workers on the 19th (+) Yeah! (+)

Current Events > Disney is gonna furlough their workers on the 19th