Nick6300
DIS Veteran
- Joined
- May 3, 2017
Disney is absolutely expensive, don't get me wrong.
Maybe it's because I grew up in a large city, but a lot of the things complained about don't seem that outrageous to me. Frustrating? Yes. Unexpected or outrageous? No. Paying to park sucks. But, I went to the Rolling Stones concert in Chicago last night. Event parking at Soldier Field was anywhere from $55-$70. Water was $6.25. I parked in a lot a mile away using a discounted app and paid $16. To me, it's "normal."
The only issue I have with price hikes other than it severely hurting my wallet is that they don't seem to care about their employees wages. Few companies do, sadly.
That's pretty pricey for parking only. We're flying out of Midway and our parking lot that's right next to the airport is no longer overnight parking. We found some $6-10/day aftermarket parking sites for our upcoming WDW trip, but I really liked being able to walk next door to the airport and not having to worry about my new car in a small open lot, taking a shuttle.
Regarding your comment on employee wages. Take a look at this https://www.laughingplace.com/w/news/2019/01/11/bob-igers-compensation-see-increase-of-over-80/
While not that uncommon for the top corp execs, Iger's salary/bonuses increased from $36.3 million in 2017 to $65.6 million in 2018, mostly bonuses. He had the chance for up to $149.6 million in 2017 if he had hit all of his bonuses. Some of the newest performance laden bonuses are reportedly much more stringent and now include making Disney stock in the top 25% tier of the S&P 500.
So he has millions of reasons to make Disney as profitable as possible and keep those share prices up. And I think he agreed to remain as CEO through 2021 and as an adviser for several years after. I guess we can all read about his story and contributions in his new autobiography "The Ride of a Lifetime."
Even his chief strategists have been just under $9MM in comp. And they're into another round of layoffs related to the Fox merger. Although this latest one involved I think was under 100 employees total.