ChipnDale79
DIS Veteran
- Joined
- Aug 2, 2012
i remember running around MK at 1am during Magic Hours...those were some fun times and the reasons why we kept going back.I'm still hoping for later/cooler night visits like the old days at WDW.
i remember running around MK at 1am during Magic Hours...those were some fun times and the reasons why we kept going back.I'm still hoping for later/cooler night visits like the old days at WDW.
I wish the parks were open later, especially AK. I remember riding Big Thunder and Splash at midnight - good times.I'm still hoping for later/cooler night visits like the old days at WDW.
One of my favourite memories of MK is on a Saturday night right after Easter in 2015. I arrived at something like 11am or midnight (after having spent the whole day at Universal). MK closed at 1am and had EMH from 1-3am. It was amazing how much I managed to do in those 3-4 hours, especially with almost everything being a walk on! And that was possibly one of the experiences that really made me love visiting WDW.i remember running around MK at 1am during Magic Hours...those were some fun times and the reasons why we kept going back.
It's the same story told a million times.
People want:
Everyone to get paid well
Products and services to be top quality
Products and services to be affordable
Companies to make a lot of money so they will pay dividends and their 401ks will grow
All those things can't happen.
It's the same story told a million times.
People want:
Everyone to get paid well
Products and services to be top quality
Products and services to be affordable
Companies to make a lot of money so they will pay dividends and their 401ks will grow
All those things can't happen.
i remember running around MK at 1am during Magic Hours...those were some fun times and the reasons why we kept going back.
Eh, they could, if CEOs & the other highest executives did not make 400 + Xs what average workers make. The economy worked just fine that way for most of our country’s history.
Actually it's quite easily achievable of you take greed out of the equation.
Does someone like Jeff Bezos or Elon Musk need all that money?
magic hours allowed us to go back to the room mid afternoon to cool off and relax a little bit before dinner. We'd head to our ADRs and after that, more fun in the parks.One of my favourite memories of MK is on a Saturday night right after Easter in 2015. I arrived at something like 11am or midnight (after having spent the whole day at Universal). MK closed at 1am and had EMH from 1-3am. It was amazing how much I managed to do in those 3-4 hours, especially with almost everything being a walk on! And that was possibly one of the experiences that really made me love visiting WDW.
Sadly they don't do such late nights any more, I really do miss these. Even Disney After Hours and MNSSHP etc don't go until quite so late...
The average executive pay at Disney is $215k a year. The top execs make a lot more, but you could take Iger's entire salary and spread it out over the rest of the company, and it would give workers about $2 extra a week. Spread that salary out over all the products sold to discount them, and it would be completely invisible.
While I do think executive pay has gotten out of control, as well as the number of layers of management, it's not just that. For a public company, it all comes back to investors. When investors stop investing based on returns and put their money behind companies that are "fair" but return less, it will change. Until then, expect companies to pay high prices for leadership they think can drive high returns. Expect that leadership to offer as little as they can in a product to get your money and try to keep labor costs as low as possible.
Exactly.Maybe. Elon has some expensive ventures that are changing the world. Takes a lot of cash to do that. "Need" is subjective.
I don't think it's the investors fault. It is natural for an investor to expect a return on that investment or they will move their money elsewhere. The problem with Disney, and most companies today, is that executive compensation is almost entirely tied to stock performance and their interests are aligned exclusively with the investors' interests. Management's base salary is only a fraction of total compensation. They make their millions from stock options, outright grants and bonuses tied to stock performance. It's how Eisner became a billionaire (I have no problem with billionaires but I think they should be entrepreneurs that create new businesses and not CEOs). This incentivizes short-term gains at the cost of a long-term strategy. It is much easier to boost revenue by nickle and dime-ing your guests and charging for things that you previously offered for free than it is to cultivate guest satisfaction over the long term that generates repeat business and brings new customers in through word of mouth. This reached its apex under Chapek and I think Iger is trying to walk it back a bit but the company has so many other issues that it is making it difficult to go back to the ways things were when they need the parks to offset loses in streaming and entertainment, and there are some HUGE losses there.The average executive pay at Disney is $215k a year. The top execs make a lot more, but you could take Iger's entire salary and spread it out over the rest of the company, and it would give workers about $2 extra a week. Spread that salary out over all the products sold to discount them, and it would be completely invisible.
While I do think executive pay has gotten out of control, as well as the number of layers of management, it's not just that. For a public company, it all comes back to investors. When investors stop investing based on returns and put their money behind companies that are "fair" but return less, it will change. Until then, expect companies to pay high prices for leadership they think can drive high returns. Expect that leadership to offer as little as they can in a product to get your money and try to keep labor costs as low as possible.
Amen to that!Maybe Epic Universe will light a fire under their butts. Competition is always good for the consumer. I'm keeping my fingers crossed because I do love what Walt and Roy created. As Roy E. said, "The Walt Disney Company is more than just a business. It's an authentic American icon.¨ The people who work there need to believe that.
You might not like it, but if you stop paying a CEO a salary comparative to other CEO's in their market they will most likely leave. Now you are hiring a CEO without the experience needed to run the company correctly because you aren't willing to pay their going rate. The company suffers because of this, and Disney can't afford to shell out as much to thier employees so they have lay offs and pay cuts. The customer now starts missing out because the company is run poorly, and their isn't enough employees, especially driven ones because of this.Actually it's quite easily achievable of you take greed out of the equation.
Does someone like Jeff Bezos or Elon Musk need all that money?
You might not like it, but if you stop paying a CEO a salary comparative to other CEO's in their market they will most likely leave. Now you are hiring a CEO without the experience needed to run the company correctly because you aren't willing to pay their going rate. The company suffers because of this, and Disney can't afford to shell out as much to thier employees so they have lay offs and pay cuts. The customer now starts missing out because the company is run poorly, and their isn't enough employees, especially driven ones because of this.
You're mad at the system, when you figure out the best way to combat it please let me know haha. Complaining without a solution is a waste of time.
Musk and Bezos can have as much as they want IMO, they put in all the risk, they get the lions share of the reward, if you would do things differently, come up with a revolutionary idea and then make sure to give all the profits away. I don't think it's as easy as you're making it out to be, otherwise we'd all be billionaires
I totally agree, but you’re looking for an overhaul of the system, and what companies would initiate that when it would put them behind in talent acquisition. The only way to do it would be to offer them an even larger pay day for performance the.mn what they’re making now, and the poop storm would begin from there hahaYeah, this is true. I generally don't ahve a problem with CEOs getting paid a lot as long as they are delivering results for the company. I think that's the key, and there are too many useless CEOs who will run a company into the ground and get away with a golden parachute. They need to heavily tie the CEO compensation to the company's performance. I feel like Iger was doing a great job in his first tenure - this time, ehhhh. But he did inherit quite a mess too.
I don't think paying the CEOs less is the solution I would advocate, but I think their performance needs to be evaluated on more than short-term profits and shareholder returns. As for Musk and Bezos, they aren't CEOs, they're entrepreneurs and visionaries who created new businesses and changed the industries they operate in and the counrtry as a whole. Disney CEOs are there to shepard an already iconic company and ensure it continues to deliver on the what the founders created. At the heart and soul of the Walt Disney Company was its creativity and its story-telling. They may not have created new stories, but they told them in inventive ways that has inspired generations.You might not like it, but if you stop paying a CEO a salary comparative to other CEO's in their market they will most likely leave. Now you are hiring a CEO without the experience needed to run the company correctly because you aren't willing to pay their going rate. The company suffers because of this, and Disney can't afford to shell out as much to thier employees so they have lay offs and pay cuts. The customer now starts missing out because the company is run poorly, and their isn't enough employees, especially driven ones because of this.
You're mad at the system, when you figure out the best way to combat it please let me know haha. Complaining without a solution is a waste of time.
Musk and Bezos can have as much as they want IMO, they put in all the risk, they get the lions share of the reward, if you would do things differently, come up with a revolutionary idea and then make sure to give all the profits away. I don't think it's as easy as you're making it out to be, otherwise we'd all be billionaires
Michael Eisner would want a word on this.I don't think paying the CEOs less is the solution I would advocate, but I think their performance needs to be evaluated on more than short-term profits and shareholder returns. As for Musk and Bezos, they aren't CEOs, they're entrepreneurs and visionaries who created new businesses and changed the industries they operate in and the counrtry as a whole. Disney CEOs are there to shepard an already iconic company and ensure it continues to deliver on the what the founders created. At the heart and soul of the Walt Disney Company was its creativity and its story-telling. They may not have created new stories, but they told them in inventive ways that has inspired generations.
Finally, I wouldn't characterize the discussion as complaining, but even if it was, it might be the first step in recognizing there is a problem. If enough people "complain," who knows...Disney might actually do something to address the problem.