Thread regarding Disney layoffs

Bob Iger: Preserve your Legacy

Disney should issue long term bonds to uphold its social contract to its furloughed workers. There are 2 paths for what remains of Bob Iger’s legacy.

  1. He could Lay-off and fire all the furlough workers. Bob Igers legacy will come down as the man who destroyed the spirit of Disney and ruined American capitalism.
  1. Issue long term bonds to bring back cast members. These bonds would be readily bought by the Federal Asset purchase program (Secondary Market Corporate Credit Facility). Let the cast members work their magic to bring back Disney and inspire and cement a turnaround. Here this legacy and turnaround could be taught forever in case studies at business school on how Iger ushered in a new era of ethical capitalism.

There are 2 paths, you can’t take money to your grave but your legacy lives on forever.

by Anonymous
| 1851 views | | 4 replies (last September 1, 2020) | Reply
Post ID: @OP+16e98qZc
Comment! It's anonymous!

4 replies (most recent on top)

The layoffs are coming, make no mistake - by the thousands! Let's hope that they make them palatable with generous severance and perhaps some insurance coverage support.

by A Forgotten Cast Member
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Post ID: @vcki+16e98qZc

Issue debt to invest in what in these times? It's time to bunker down and weather the storm, not to take on more debt. Think of a regular family, do you think they can keep living an extravagant lifestyle and keep on borrowing, even at zero interest when they've just lost their job?

by Anonymous
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Post ID: @4mzo+16e98qZc

It’s wiser to issue debt since interest rates are so low vs using your own cash as the rate of returnWill be higher for the latter

by Anonymous
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Post ID: @fjc+16e98qZc

Disney has enough cash and debt already issued to keep paying its workers if it wants to. However I don’t see that happening. Several of their business will have lower revenue for a few years and there is no need to retain as many employees as they have for the long run. Like it or not Iger’s legacy will be about purchasing Pixar, Marvel, Lucasfilm and (unfortunately) Fox. It won’t be about furloughing or laying off workers when there is no revenue coming in. They have been above industry standard as far as paying workers during the first part of closures and they are still paying benefits for them. Hopefully they will be generous with severance if and when they decide to terminate anyone, they can afford it.

by Anonymous
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Post ID: @hkk+16e98qZc

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