Posted on 04/22/2023 5:12:02 PM PDT by george76
Disney plans to eliminate thousands of jobs next week
...
Former Disney CEO Bob Chapek, who Iger handpicked to serve as his successor in February 2020, was dismissed by the board of directors after lackluster financial performance under his leadership and replaced with Iger in November 2022. The company’s stock price has declined 17% over the past year, and several other prominent entertainment and technology companies have been forced to dismiss large shares of their employees.
Disney has also lost trust among some consumers after Chapek and other executives involved the firm in contentious culture war battles last year. Disney publicly opposed a parental rights law in Florida that bans instruction about sexual orientation and gender identity to children between kindergarten and third grade. Some 64% of Americans, including 62% of Democrats and 57% of independents, nevertheless supported the law,
Hopefully now they’ll ditch the cult of wokism!
Here’s what thirty-three years in business has taught me about “hand-picked-successors.” They all fail. They were picked not to succeed, but to make the old boss look brilliant by comparison. Successors would be better picked using a lottery than being picked by the present boss.
(Companies must be run by idiots.)
Violent Trannies first.
And the walls came tumbling down.
learn to code, mofos!
The stock price is all that matters to the C level. Everything the company does is aimed at raising the stock price. Tanking it is the only way to force real change.
The mass media has been crashing and burning for decades—look at newspapers as an example.
They still publish Deep State propaganda and leftist trash—even with 5% of the work-force working out of old store-rooms.
Disney is letting people go? Well, that’s downright goofy!
You know what they say about the Disney Corporation - they’re like the seven dwarves: Sleepy when it comes to acknowledging the stupidity of wokeism, Bashful about their history of exploiting their audiences, Dopey for thinking they can get away with it all, Grumpy when anyone calls them out on it, Doc-umenting everything to protect their bottom line, Sneezy from all the backlash they receive, and Happy only when their profits continue to soar! — ChatGPT
When Donald went Daisy it became Mickey Mouse.
Sure, lay off a bunch of folks - don’t change your groomer strategy. Everything will be fine now.
At last Disney does something worth watching. Pass the popcorn.
Just what I was thinking. I hope they are mostly the “woke” people getting canned.
“The stock price is all that matters to the C level. Everything the company does is aimed at raising the stock price. Tanking it is the only way to force real change.”
Two years ago Disney stock was $190.00 per share. Today, it is just under $100.00 per share (that’s up from its 52-week low of $84.07 set on 12/22/22). The consumers are letting their voices be heard.
Dwarfs
Well, if they get rid of all of their non-American employees, that might be a start. The second step would be to get rid of all of their woke management.
Huge exception: Tim Cook at Apple. Steve Jobs did a great job.
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