[blueash]

Originally Posted by davem4616

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

Thank you for your contribution. I am not picking on Disney. If you click the link to the news report, that report is about Disney. It does say in that report that other companies are continuing to pay their employees but no details are given.

But slashing fixed costs in a more severe way than other theme-park owners, such as NBCUniversal and Warner Media,

You are correct that the dividend is a few weeks away, it is in July.
If Disney were using its cash on hand to, as you suggested, 'retool' their whole operation to ensure a safe working environment for staff and an environment that customers will view as safe, I would think that's fine.

But that is not what Disney is doing with this bucket of cash. They are paying it to stockholders. The article mentions but is not specific so I left it out, that Disney is also giving large bonuses to its top executives from its cash on hand.

The decision leaves Disney staff reliant on state benefits — public support that could run to hundreds of millions of dollars over coming months — even as the company protects executive-bonus schemes and a $1.5-billion dividend payment due in July.