Quote:
Originally Posted by blueash
Disney recently furloughed about 100,000 salaried employees which saves the corporation abt $500,000,000 [corrected] per month. They are continuing to cover health insurance. They wrote to their employees to be sure to apply for the federal program giving them $600/wk in extra unemployment and Florida benefits of $275/wk.
Here is the reason for my post. In July Disney is scheduled to pay it shareholders $1,500,000,000 in dividends. That would cover 3 months of salary to its employees and save you the taxpayer of FL and USA from assuming the cost. If the 500,000,000 [corrected] per month is the savings to Disney, that would also then include Disney's employer contribution to Social Security, Medicare, and the state Unemployment Fund. So these programs are being non-funded by paying stockholders instead of workers.
It seems that the shareholders who invest expecting a share of the profit of the corporation would be expected to take a hit when the corporation does poorly. Why isn't Disney cancelling the July dividend and instead using that money to pay its workers.
Carnival cruise has cancelled its dividend. It can be done. |
Curious that you are only targeting Disney??
Haven't all the theme parks based in FL laid off their non-essential employees, haven't all the huge hotel chains operating in Orlando done the same with their non-essential staffs??
You can be sure that conversations are happening in the front offices and the board rooms of large corporations across the country regarding the declaration of dividends
These large corporations are going to be digging deep into their cash reserves to 'retool' their whole operation to ensure a safe working environment for staff and an environment that customers will view as safe....where's that money coming from now that they're shut down?
I suspect that the ex-dividend date of record for Disney's next payout is still a few weeks away
What's equally important is that these companies are able to reopen for business and get their employees back to work a quickly as possible
remember, no matter how flat the pancake is, there's always two sides to it