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Thread: Michael Eisner article

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    Grrr Michael Eisner article

    Was anybody else blown away by the Michael Eisner interview? I could not believe how many hundreds of millions of dollars were siphoned away from Disney by Eisner and his cronies.
    Just think how much good that money could have done. Raises for the cast members? Plussing rides and other attractions? Instead it went to lining the pockets of already wealthy people.
    Amazing that they could legally drain the company of that kind of cash. Why pay your employees peanuts when you could easily pay them more with all that money you give to your rich friends? Rich people that don't even need it.
    But what can you expect from a corporate mindset that would fire it's IT staff and make them train their foreign replacements.
    Just think what they could have done to Hollywood Studios with all that money.


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    What article are you talking about? Where is it?

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    Your attention, please. The Disneyland Limited now leaving for a grand circle tour of the Magic Kingdom. Aboaaard!

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    Sorry about that. Thanks for posting it for me Maniac.


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    I like the Costco business model the best. They treat their customers, cast members and suppliers all very well.


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    @wdwchuck, I'm not clear about the siphoning you're referring to. It appeared, as the article asserts, that Eisner may have had some sloppy hiring practices over the years, but that does not indicate siphoning. At worst, it indicates executive shopping sprees, where execs seek affirmation from would-be rivals. At best, it indicates a reach that other execs would also take to firmly supplant themselves on top of a heap of powermongers.

    Not a very in-depth article, more of a fluff piece, but still worth a few minutes of my time.


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    Quote Originally Posted by goalieump413 View Post
    @wdwchuck, I'm not clear about the siphoning you're referring to. It appeared, as the article asserts, that Eisner may have had some sloppy hiring practices over the years, but that does not indicate siphoning. At worst, it indicates executive shopping sprees, where execs seek affirmation from would-be rivals. At best, it indicates a reach that other execs would also take to firmly supplant themselves on top of a heap of powermongers.

    Not a very in-depth article, more of a fluff piece, but still worth a few minutes of my time.
    I was referring to the massive payouts to the executives that came and went quickly. Why should they get so much money for doing basically nothing? Why not pay the bus drivers and extra dollar or two an hour?

  9. #8
    Quote Originally Posted by wdwchuck View Post
    I was referring to the massive payouts to the executives that came and went quickly. Why should they get so much money for doing basically nothing? Why not pay the bus drivers and extra dollar or two an hour?
    I don't disagree that improving the lives of cast members would pay dividends twice: first, for happier, more productive employees, and second, for the good press Disney executives would receive. Trouble is, when execs are so high in the clouds, they can't make out the differences between the highly productive cast members and those who are just mailing it in. In other words, the separation kills the chances. I doubt Walt would be pleased with Eisner...although Walt did fail his studio employees, and a strike ensued.

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    Yes, Walt had very contentious relationships with his employees. It was a black mark on his reputation. Although I think that was mostly driven by his fierce anti communism stance.
    I think Disney could change, just like Walmart is changing. The Costco model is proving to be the way to go in this day and age. Treat all your stakeholders with respect and fairness and tell Wall Street to go suck an egg. The profits will come.
    The idea that someone like Robert Iger is worth so much more than the people that clean the parks and take care of guests day in and day out is a lie whose time it is to die. Capitalism is not a Ponzi scheme. When enough people wake up and start knocking down the walls of this deceit, we will all be better off. Disney needs to treat it's employees better. Much better. Period.


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    Quote Originally Posted by wdwchuck View Post
    The idea that someone like Robert Iger is worth so much more than the people that clean the parks and take care of guests day in and day out is a lie whose time it is to die.
    While the front-line employees are very important, do you have any idea what a CEO does in making long-term plans and building partnerships that could make or break a company? So many people seem to think a CEO's job is easy. It's not. There's a lot they have to deal with that most people can't even fathom, not to mention the pressures and politics.
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    Quote Originally Posted by cstephens View Post
    While the front-line employees are very important, do you have any idea what a CEO does in making long-term plans and building partnerships that could make or break a company? So many people seem to think a CEO's job is easy. It's not. There's a lot they have to deal with that most people can't even fathom, not to mention the pressures and politics.
    I never said a CEO's job is easy. At my company our CEO and his executive team lost $60 billion just on one project. That is tough to do. They were the best executives we had.
    When I googled Mr. Iger's salary it said he was paid $44,900,000 for 2015. That is probably with bonuses too. I will do further digging later. I think that figures out to about $21,587 per hour.
    A bus driver makes about $11.12 an hour. I know you mean well and I know we have all been brainwashed to think that CEO's salaries are due to the dearth of good ones in the marketplace, but really, $21,587 an hour? And I would say that under his watch the Disney brand has been damaged, not just by the trashy TV shows they try and push on people, but constantly raising pricings and delivering less than Disney standard customer service in the eyes of many.
    I may sound like a socialist on this one but I am the exact opposite. Look to the Costco model to get Disney back on track. The competition is really heating up. All over the world.
    http://www.reuters.com/article/us-em...-idUSKCN10X11M
    Dubai, China, etc. etc.

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    Quote Originally Posted by wdwchuck View Post
    When I googled Mr. Iger's salary it said he was paid $44,900,000 for 2015. That is probably with bonuses too. I will do further digging later. I think that figures out to about $21,587 per hour.
    A bus driver makes about $11.12 an hour.
    That amount probably also includes stock.

    In any case, if you think that's an appropriate way to compare it, then I don't think there's any point in me continuing this discussion. Good luck.
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    Quote Originally Posted by cstephens View Post
    That amount probably also includes stock.

    In any case, if you think that's an appropriate way to compare it, then I don't think there's any point in me continuing this discussion. Good luck.
    No luck needed. Skill and persistence!

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    http://www.breitbart.com/2016-presid...ounting-staff/

    This is a great synopsis of what Disney and other companies are doing to the American work force. Why would they want to take jobs away from people that would come and visit their parks? Why would they want to hurt American workers and their families?

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