Although Walt Disney is based in Anaheim, California, the Walt Disney World theme park here in Orlando is a worldwide tourist attraction central to the local economy. Central Floridians take great pride in Disney, and the NBA's Orlando Magic are named as such. On Tuesday, the Walt Disney Corporation (DIS:NYSE) released earnings which surprised to the upside, beating expectations across the board.Maria Bartiromo of CNBC discusses the earnings report:
This is great news. It has been a rough decade for shareholders, beginning with 9-11, which drastically reduced theme park traffic, followed by the Michael Eisner episode culminating with the recent financial crisis.
For the first time in over a decade, Disney has recently traded above $40 per share. With revenues up, out come the useful idiot employees under the direction of the unions protesting for Disney to "share the wealth".Union president Eric Clinton is president of one of the six unions trying to strike a new deal for the thousands of Disney World employees.
Clinton said "We've known for a long time Disney's image is something that's very near and dear. One way to get them to move is to attack that." For Disney employees, this a real bad move to attempt to sabotage their employer, but for union thugs
attempting to engage in a shakedown, it is all good.
WFTV ABC Orlando spoke with Disney World Representative Andrea Finger, who said "We have proposed a very fair and competitive offer that's a very good deal for our cast members."
Union leaders claimed rising health care costs would wipe out salary increases for Disney workers. With apologies to Dopey, what a bunch of dopes! Unions were central in the compilation of the health care package, as well as the failed stimulus. In fact, labor unions are "going after" those who did not support Obamacare.
But it is Disney's fault.
They have the money to do it; it's just that they're cheap. They didn't get rich by giving their money away, we understand that, but our members are struggling," Clinton said. Welcome to the world under Obama! Most everyone is struggling, and you should be thankful there are enough folks who still have money who can come to Disney and enjoy themselves. For the company to excel in this environment is a testament to management and the fantastic job the cast members do.
Because I am a big supporter of Disney, I am going to waive my consulting fee for the employees and issue the following three recommendations:
A. If you are unhappy as a cast member, seek employment elsewhere. I recognize, due to current idiotic policies of the Obama administration, that jobs do not currently exist, so you must use the ballot box at your earliest opportunity to expedite your departure.
B. Invest in the 401K package the Mouse House makes available to you. And by all means, invest in your own company, so a rising stock price benefits you along with the company.
C. Form your own theme park, and run it as you see fit.
As it turns out, I do not recall as revenues and the stock price were in decline anyone over at The Magic Kingdom contacting the local media to offer to work for decreased wages. Where was Mr. Clinton, a fine American I am sure, at the shareholders meeting? Voting present?
It is far time for these dopes to distance themselves from the cancer that is the unions and get some skin in the game. Then, as it should be, everyone associated with Mickey and Minnie would be celebrating a job well done.
NOTE: I AM A LONGTIME SHAREHOLDER OF WALT DISNEY CORPORATION. WFTV USED A SOURCE.
