food IS a theme park
The Walt Disney Company has had a rough go of it over the past few years.
©Disney | Walt Disney Company Headquarters
We’ve seen political controversy, lawsuits, and mass layoffs impact the company, and now, more layoffs are on the horizon for certain employees. Here’s what we know.
As The Walt Disney Company prepares for the 2024 Annual Meeting of Shareholders, it not only announced its recommendations for 12 nominees for the company’s Board of Directors, but it also released information about its executives’ salaries, including the 2023 salary for CEO Bob Iger.
©Disney
Iger returned to the company in November 2022 to step back into his role as CEO. Since then, he’s made a lot of changes, including changes in leadership, proposed changes for Disney Parks, and a new priority focused on improving Disney’s streaming assets. In 2023, Iger made $31.6 million, but let’s take a closer look at that.
As Disney prepares for the 2024 Annual Meeting of Shareholders, the company has announced its nominations for the 12 seats on the Board of Directors.
©Disney | Walt Disney Company Headquarters
In the same announcement, Disney confirmed that the company does NOT endorse the nominations of Nelson Peltz and former Disney CFO Jay Rasulo. [Read more…]
Disney has big plans for its existing theme parks, including investing $60 billion to expand its parks.
Cinderella Castle in Magic Kingdom
But what about NEW theme parks? With Universal expanding outside of Orlando and Hollywood, will Disney continue to expand internationally? Well, a new partnership could provide a hint that Disney might eventually put a theme park in India.
As one of the most predominant media companies in history, The Walt Disney Company has been no stranger to news headlines.
©Disney
However, since the COVID-19 pandemic launched the world into a time of uncertainty — and, in many cases, loss — Disney has been in the headlines a bit more frequently as they continue to branch in new directions, expand their parks, and attempt to make profit again. At the start of the pandemic, the company was headed by Bob Chapek, who was replaced in 2022 by the current (and former) CEO — Bob Iger. Going into 2024, four years after pandemic-related closures, Iger has some BIG changes to make to keep the company headed in the right direction.
The Walt Disney Company is issuing shareholders cash dividends for the first time in three years.
©Disney
Disney suspended the dividend in May 2020 when it was priced at $0.88 per share. Before COVID, Disney declared dividends semi-annually. The $0.30 per share dividend will be “payable January 10, 2024, to shareholders of record at the close of business on December 11, 2023,” and now, we’ve got a bit more information.
The Walt Disney Company is no stranger to lawsuits.
Cinderella Castle
We’ve seen cases over salaries, broken promises to passholders, First Amendment violations, and more. Back in 2017, Disney was hit with a suit over using another company’s motion-capture technology to make a film, and now, a jury has made a decision in the case.
While Disney is currently celebrating its 100th anniversary, the company has been making headlines for some not-so-celebratory news in recent months.
©Disney
From CEO Bob Iger’s comments on Disney’s “woke agenda” to his and Florida Governor Ron DeSantis’ feud over the former Reedy Creek Improvement District, a lot is going on for the company at the moment. Now, a new report shows that a class action lawsuit against Disney regarding a pay disparity is in the works.
Florida Governor Ron DeSantis’ personally appointed board of the Central Florida Tourism Oversight District is not quite ready to give up the fight against Disney.
©Central Florida Tourism Oversight Board Livestream
Since DeSantis appointed the new Central Florida Tourism Oversight District Board (CFTOD), we’ve seen multiple changes in the district that governs Disney World, including a mass exodus of employees, the removal of certain benefits, and a hefty tax bill to boot. Now, a new report from the CFTOD is accusing Disney of previously providing benefits that were “akin to bribes.” Here’s what we know.
The Walt Disney Company has seen its fair share of ups and downs over the last few years.
©Disney | Walt Disney Company Headquarters
From lawsuits and less-than-stellar Disney+ subscriber numbers to political controversy and more — it’s been a rough time to be a Disney fan, and likely an even rougher time being a Disney shareholder. But, good news is here for shareholders for the first time since 2020.
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
