Was in Orlando this weeks and had to go to Disney Springs to buy my wife clothes, as the airline lost her suitcase. There were so many people therw it boggles the mind.
Disney will be just fine. They will continue to raise their prices and the world will continue to pay them.
Just not me.
If this passes, I expect CEO Chapek will be walked out of Disney by his armpits…
“Disney will be just fine”.
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Well, maybe, maybe not, here’s a SHORT list of prominent multi billion dollar companies who thought they could defy the laws of business:
Refco; 33 billion, 2005
American Savings and Loan, 33.8 billion; September 1988
Texaco, 34.9; Dec; 87
Pacific Gas & Electric, 36.1; June 2001
Thornburg Mortgage, 36.5; January 2009
Chrysler; 39.3 billion; January; 2009
MF Global; 41 billion; August 2011
Conseco Inc.; 61.3 billion; December 2002
Enron Corp; 65.5 billion; December 2001
CTI Group; 71.0 billion; January 2009
General Motors Corp; 82.3 billion; June 1, 2009
Pacific Electric & Gas; 2nd time; (date, amount unavailable
Worldcom; 103.9; 103.9; July 2002
Washington Mutual; 327.9 billion; September, 2008
Lehman Bros; 691.1; September 2008
Disney’s total value based on their own statements is 91 billion dollars.
If Disney doesn’t do a hard right and get back to Walt’s vision of what he wants children to be exposed to then they will be on this list sooner than later because we ain’t seen nothing yet.