$45M for Disney's CEO. Zero dollars in federal taxes. $4.7 billion in government rebates. A $7 billion stock buyback. The Magic Kingdom has stopped pretending.
Disgusting, and appalling. I hope this story appears on the front page of every paper in the country! I also think it may be time to re examine our buying decisions. I am dumbfounded by this story and imagining it goes on everyday. How long must a family save to afford a trip to Disney park these days. Shameful!
This is some very sad and frightening stuff. Of course, Disney holds a special place in most hearts. Whether it's a favorite movie, beloved character or dear memory, Disney has touched most of us. That is why the points you make pack such an impact. You've used Disney as the representative "big business" that's essentially screwing us so it hits home.
Just how much money does anyone really need? These numbers are obscene. No one earns or deserves these insane amounts of money - no one. Especially with so much need in the world. And these people will never have enough. They will always lust for more, and do whatever immoral deeds are necessary to acquire it. Makes me wonder if they even think about the fact that in doing so, they have sold their souls.
By the sort of standards set by someone like Trump, Ronald Reagan was a good president. However, he set the stage for today's obscene greed, by changing the rules. After Reagan, normal behavior meant setting prices at 'whatever the market could bear. No longer were prices indexed even partly to the cost of making an items, and bringing it to sale; now every manufacturer had the ability to blackmail the public and sell his item for whatever he could force them to pay. That is after all, what market pricing is: blackmail. And when you completely divorce a product from its cost, you divorce the process from reality. Both these effects - blackmail and a lack of reality permeate Trump's behavior. By the way, we really don't have to allow stock buybacks. Rather, we don't have to allow stock buybacks without a penalty. When a corporation buys back its own stock, it should forfeit its corporate interest rate, and instead be taxed at its corresponding personal income tax rate. Because once you own yourself, you are no longer entitled to a public ownership discount.
Firing workers but paying CEO 45 million is absurd and selfish. This is greed and avarice to the max. I am planning to not support Disney anymore and others are saying it's too expensive to go there. This is beyond anyone's income and it's time for CEOs to pay their share of taxes and not expect anymore money from U.S. taxpayers.
I grew up on Disney. Its product was geared for family consumption. It was child safe. None of that is true anymore, AND they've made it too expensive for the average family. They don't get any of my business anymore on principal. I would celebrate a world wide boycott of the greed they model.
Well said David. If one is to understand what has happened to this Country, I feel that it can be labeled, corporate greed. Somehow these robber barons, never seem to be satisfied. When we take back Congress, there has to be a major readjustment in the corporate tax rate. One of many things that have to change due to the avarice of the felon and his ilk.
Yep it’s greed. I have no idea what anyone is doing paying anyone that much money. Like I said before this is the last big money grab before the public starts to revolt.
Wow!! What an eye opening report! I knew things were expensive and the top 1% was getting more than it's fair share, but I really didn't realize just how bad it was. With Musk profiting off of child labor from the cobalt mines to build the batteries for Tesla and poised to become the world's first trillionaire (!!), how much money do these people need?? Now Disney is on the side of the Epstein class too?? That is beyond revolting! If we can get back control of government it will take a long time to undo all the harm caused by this vast wealth gulf. I pray it's not to late and that the November elections will be free and fair in spite of possible Republican interference.
Well, the only way to get their attention is to boycott Disney - a hard thing for many folks - but they will continue to take advantage of ordinary folks if they don't feel financial pain. We have been supporting them for so many years but it is the stockholders who win every time. Just a thought.
From an early age I despised Disney. The movies never did anything for me, and the pre-packaged "this is what a vacation should be" allure of Disney World/Disneyland, to me, was for people with zero imagination. Over the years, it's only gotten worse. I worked with a woman who, on my first day, told me she had a Disney-themed wedding at Disney World, and I instantly didn't like her. There are thousands, hundreds of thousands of places to take a vacation, yet some people do Disney every year for decades. Pumping tens of thousands of dollars into a mega-corporation to stand in endless lines when there's literally a whole world to see. It's just all so gross, and I hope people figure out, especially with this new news gaining traction, that supporting Disney isn't worth the ounce of imaginary fun they tell you you're having.
You've got my attention with there's a whole world out there to explore. I'm 68 and I've never been to Disneyland, my kids have never been to Disneyland either. There is so much beauty in our world that costs much less to see than what a few day's at Disney costs, I'd much rather spend a day avoiding big crowds and take a walk on the beach or hike a trial to a waterfall. Like you there are so many other's places to go that are less expensive, less crowded and so much more beautiful than an expensive trip to Disneyland.
The greed is appalling…
Disgusting, and appalling. I hope this story appears on the front page of every paper in the country! I also think it may be time to re examine our buying decisions. I am dumbfounded by this story and imagining it goes on everyday. How long must a family save to afford a trip to Disney park these days. Shameful!
This is some very sad and frightening stuff. Of course, Disney holds a special place in most hearts. Whether it's a favorite movie, beloved character or dear memory, Disney has touched most of us. That is why the points you make pack such an impact. You've used Disney as the representative "big business" that's essentially screwing us so it hits home.
Just how much money does anyone really need? These numbers are obscene. No one earns or deserves these insane amounts of money - no one. Especially with so much need in the world. And these people will never have enough. They will always lust for more, and do whatever immoral deeds are necessary to acquire it. Makes me wonder if they even think about the fact that in doing so, they have sold their souls.
If they ever had a soul.
Good point!
By the sort of standards set by someone like Trump, Ronald Reagan was a good president. However, he set the stage for today's obscene greed, by changing the rules. After Reagan, normal behavior meant setting prices at 'whatever the market could bear. No longer were prices indexed even partly to the cost of making an items, and bringing it to sale; now every manufacturer had the ability to blackmail the public and sell his item for whatever he could force them to pay. That is after all, what market pricing is: blackmail. And when you completely divorce a product from its cost, you divorce the process from reality. Both these effects - blackmail and a lack of reality permeate Trump's behavior. By the way, we really don't have to allow stock buybacks. Rather, we don't have to allow stock buybacks without a penalty. When a corporation buys back its own stock, it should forfeit its corporate interest rate, and instead be taxed at its corresponding personal income tax rate. Because once you own yourself, you are no longer entitled to a public ownership discount.
Firing workers but paying CEO 45 million is absurd and selfish. This is greed and avarice to the max. I am planning to not support Disney anymore and others are saying it's too expensive to go there. This is beyond anyone's income and it's time for CEOs to pay their share of taxes and not expect anymore money from U.S. taxpayers.
I grew up on Disney. Its product was geared for family consumption. It was child safe. None of that is true anymore, AND they've made it too expensive for the average family. They don't get any of my business anymore on principal. I would celebrate a world wide boycott of the greed they model.
The Magic Kingdom now a garish shrine commemorating unfettered Capitalism.
I should have written "principle!"
Hi Hope, Correcting your mistake - so like a good teacher! You are probably the only one that noticed. Once a teacher, always a teacher!!!
I'm compulsive about walking the walk! Can't help it!
I think that's a good thing! 🙂
Thank you!
Well said David. If one is to understand what has happened to this Country, I feel that it can be labeled, corporate greed. Somehow these robber barons, never seem to be satisfied. When we take back Congress, there has to be a major readjustment in the corporate tax rate. One of many things that have to change due to the avarice of the felon and his ilk.
There will definitely be many things to set right, this being one of them ...
Yep it’s greed. I have no idea what anyone is doing paying anyone that much money. Like I said before this is the last big money grab before the public starts to revolt.
Wow!! What an eye opening report! I knew things were expensive and the top 1% was getting more than it's fair share, but I really didn't realize just how bad it was. With Musk profiting off of child labor from the cobalt mines to build the batteries for Tesla and poised to become the world's first trillionaire (!!), how much money do these people need?? Now Disney is on the side of the Epstein class too?? That is beyond revolting! If we can get back control of government it will take a long time to undo all the harm caused by this vast wealth gulf. I pray it's not to late and that the November elections will be free and fair in spite of possible Republican interference.
Well, the only way to get their attention is to boycott Disney - a hard thing for many folks - but they will continue to take advantage of ordinary folks if they don't feel financial pain. We have been supporting them for so many years but it is the stockholders who win every time. Just a thought.
Thank you. Great report
From an early age I despised Disney. The movies never did anything for me, and the pre-packaged "this is what a vacation should be" allure of Disney World/Disneyland, to me, was for people with zero imagination. Over the years, it's only gotten worse. I worked with a woman who, on my first day, told me she had a Disney-themed wedding at Disney World, and I instantly didn't like her. There are thousands, hundreds of thousands of places to take a vacation, yet some people do Disney every year for decades. Pumping tens of thousands of dollars into a mega-corporation to stand in endless lines when there's literally a whole world to see. It's just all so gross, and I hope people figure out, especially with this new news gaining traction, that supporting Disney isn't worth the ounce of imaginary fun they tell you you're having.
You've got my attention with there's a whole world out there to explore. I'm 68 and I've never been to Disneyland, my kids have never been to Disneyland either. There is so much beauty in our world that costs much less to see than what a few day's at Disney costs, I'd much rather spend a day avoiding big crowds and take a walk on the beach or hike a trial to a waterfall. Like you there are so many other's places to go that are less expensive, less crowded and so much more beautiful than an expensive trip to Disneyland.
Greed-based is the reality.
Shameful.