Talk of The Villages Florida - View Single Post - Disney paying dividends, not employees
View Single Post
 
Old 04-22-2020, 01:35 PM
blueash's Avatar
blueash blueash is offline
Sage
Join Date: Jan 2008
Posts: 3,392
Thanks: 253
Thanked 3,498 Times in 941 Posts
Default

Quote:
Originally Posted by retiredguy123 View Post
I don't think that Carnival pays into the unemployment fund because they are not U.S. company and don't even pay U.S. income tax. Their employees also don't pay U.S. taxes. But, Disney pays for unemployment compensation and I think their employees should be able to use the fund. Why should the Disney stockholders lose money when the company has been successful? I don't know if Disney received any of the stimulus money or not. But, furloughing employees is a logical action when you don't have any work for them to do.
I used Carnival as an example that I easily found that corporations can and do suspend dividends to shareholders when they have a business downturn. I didn't say anything regarding Carnival otherwise. I agree Disney employees should qualify if they are not being paid by Disney.

My argument is that if Disney has 1.5 billion in cash they are planning on paying out in July, that the money should go to its workers, not to its stockholders. You actually are allowed to furlough workers and still pay them. Workers >>> stockholders in my ideal world. YMMV