Disney offering buyouts to 600 execs at resort unit: WSJ

cubsblue · 01-21-2009

If the buyouts are not taken they face layoffs. Marketwatch story

**DisneyTeacher** · 01-21-2009

It's sad that so many people might lose their jobs. I think the economy is hitting Disney pretty hard this year.

cubsblue · 01-21-2009

They have been top heavy for a while now. They are looking to cut on the studio side as well. This is something we shareholders have been calling for for a while. Return to the basics and cut the bureaucracy that in some corners is clueless.

mickeysgirlz · 01-21-2009

I saw this????

Disney CEO, Bob Iger, Receives $13.9 Million Bonus for 2008
1/19/2009 11:19 AM EST
Associated Press

It's good to the president of the Walt Disney Company.

According to the Associated Press, Robert Iger is said to have received approximately $51.1 million in compensation for 2008. While, that is up substantially from the previous year (85%), most of the earning are said to be in stock options that were taken upon signing his new 5 year contract that extends through 2013.

The options were worth over $34 million when they were taken, however due to the fall of the stock prices, they aren't worth anything at the moment. He also could have received a shareholder bonus worth $2.4 million, but declined it. Disney spokesman Jonathan Friedland said, "He thought it was the appropriate thing to do."

Disney's earnings were up 7% since last year, but the net profit was down by about 5%.

The $51 million in compensation also includes $107,897 for air travel, $645,368 for security and $14,400 for expanses such as annual physicals, gym membership and other various expenses.

**llama** · 01-21-2009

Quote:

Originally Posted by mickeysgirlz

I saw this????

Disney CEO, Bob Iger, Receives $13.9 Million Bonus for 2008
1/19/2009 11:19 AM EST
Associated Press

It's good to the president of the Walt Disney Company.

According to the Associated Press, Robert Iger is said to have received approximately $51.1 million in compensation for 2008. While, that is up substantially from the previous year (85%), most of the earning are said to be in stock options that were taken upon signing his new 5 year contract that extends through 2013.

The options were worth over $34 million when they were taken, however due to the fall of the stock prices, they aren't worth anything at the moment. He also could have received a shareholder bonus worth $2.4 million, but declined it. Disney spokesman Jonathan Friedland said, "He thought it was the appropriate thing to do."

Disney's earnings were up 7% since last year, but the net profit was down by about 5%.

The $51 million in compensation also includes $107,897 for air travel, $645,368 for security and $14,400 for expanses such as annual physicals, gym membership and other various expenses.

Well, isn't that big of him. Giving up a whole 2.4 million because it's the "appropriate thing to do". But he has no trouble taking 51 million "compensation". $645,368 for security? Is he really that precious? He can't afford his own gym membership? Or medical insurance? Give me a break.

cubsblue · 01-21-2009

you have to read carefully. The actual compensation was nowhere near 51 million. The stock has dropped too much for that. His actual compensation was closer to 17. That's a pretty big drop.

**llama** · 01-21-2009

Quote:

Originally Posted by cubsblue

you have to read carefully. The actual compensation was nowhere near 51 million. The stock has dropped too much for that. His actual compensation was closer to 17. That's a pretty big drop.

Sorry - at 17 million my heart's still not breaking for him.

**Cincy** · 01-22-2009

Buyouts and Layoffs.

Looks like we will have to get used to Snow White and the 4 dwarfs.

Captgoodguy · 01-22-2009

Cincy - That is a VERY funny joke!

**Cincy** · 01-23-2009

Thanks..... I'll be here all week.

**MissDisney** · 01-23-2009

Quote:

Originally Posted by Cincy

Thanks..... I'll be here all week.

Don't forget to tip your waitress.

cubsblue · 01-23-2009

Quote:

Originally Posted by Cincy

Buyouts and Layoffs.

Looks like we will have to get used to Snow White and the 4 dwarfs.

Looks like it is actually 1. Dopey was the only one we saw on our last trip. I remember when all seven used to wonder around together.

01-21-2009	#1 (permalink)
cubsblue Senior Mouseketeer Join Date: Feb 2004 Location: Indiana Posts: 193	Disney offering buyouts to 600 execs at resort unit: WSJ If the buyouts are not taken they face layoffs. Marketwatch story __________________ Scott 1973 Off Site 1979 Off Site 2004 Off Site 2008 Off Site 2008/09 Ft Wilderness Cabin My Disney Countdown Counting down to: Spring Break at Disneyland

01-21-2009	#2 (permalink)
DisneyTeacher Super Moderator Join Date: Jan 2003 Location: WDW in my dreams Posts: 18,278	Re: Disney offering buyouts to 600 execs at resort unit: WSJ It's sad that so many people might lose their jobs. I think the economy is hitting Disney pretty hard this year. __________________ ~Stephanie~ 1993 Caribbean Beach Resort ~ 1996 Caribbean Beach resort ~1997 Caribbean Beach Resort ~2003 Wilderness Lodge ~2004 Beach Club Resort/Shades of Green/Pop Century~ 2005 Wilderness Lodge Resort/Beach Club Villas ~ 2006 Saratoga Springs Resort~2007 Port Orleans French Quarter/Beach Club Villas/Boardwalk Villas ~ 2007 Port Orleans Riverside~ 2008 Wilderness Lodge/Beach Club Villas~2008 Beach Club Villas~2009 Hilton Head Island~ 2009 Beach Club Villas My Disney Countdown Counting down to: Beach Club here we come 255 days 18 hours 44 minutes

01-21-2009	#3 (permalink)
cubsblue Senior Mouseketeer Join Date: Feb 2004 Location: Indiana Posts: 193	Re: Disney offering buyouts to 600 execs at resort unit: WSJ They have been top heavy for a while now. They are looking to cut on the studio side as well. This is something we shareholders have been calling for for a while. Return to the basics and cut the bureaucracy that in some corners is clueless. __________________ Scott 1973 Off Site 1979 Off Site 2004 Off Site 2008 Off Site 2008/09 Ft Wilderness Cabin My Disney Countdown Counting down to: Spring Break at Disneyland

01-21-2009	#4 (permalink)
mickeysgirlz Substitute Birthday Fairy Join Date: Jun 2007 Location: 2.5 Hours South of the Magic! Posts: 6,206	Re: Disney offering buyouts to 600 execs at resort unit: WSJ I saw this???? Disney CEO, Bob Iger, Receives $13.9 Million Bonus for 2008 1/19/2009 11:19 AM EST Associated Press It's good to the president of the Walt Disney Company. According to the Associated Press, Robert Iger is said to have received approximately $51.1 million in compensation for 2008. While, that is up substantially from the previous year (85%), most of the earning are said to be in stock options that were taken upon signing his new 5 year contract that extends through 2013. The options were worth over $34 million when they were taken, however due to the fall of the stock prices, they aren't worth anything at the moment. He also could have received a shareholder bonus worth $2.4 million, but declined it. Disney spokesman Jonathan Friedland said, "He thought it was the appropriate thing to do." Disney's earnings were up 7% since last year, but the net profit was down by about 5%. The $51 million in compensation also includes $107,897 for air travel, $645,368 for security and $14,400 for expanses such as annual physicals, gym membership and other various expenses. __________________ -JEN 30 trips to the Happiest Place on Earth! Nov 5-8 My DD and Mom's B-day trip! Dec 17-20 AKL (FIRST TIME @ AKL ) Christmas trip! Yippee I met some members: Wishy, Val, Princess Alyssa, ddoll and vlogilvie I tweet! Facebook Linkedin

01-21-2009	#6 (permalink)
cubsblue Senior Mouseketeer Join Date: Feb 2004 Location: Indiana Posts: 193	Re: Disney offering buyouts to 600 execs at resort unit: WSJ you have to read carefully. The actual compensation was nowhere near 51 million. The stock has dropped too much for that. His actual compensation was closer to 17. That's a pretty big drop. __________________ Scott 1973 Off Site 1979 Off Site 2004 Off Site 2008 Off Site 2008/09 Ft Wilderness Cabin My Disney Countdown Counting down to: Spring Break at Disneyland

		MouseBuzz.com > Mouscellaneous > Rumors and News
Disney offering buyouts to 600 execs at resort unit: WSJ

01-22-2009	#8 (permalink)
Cincy Moderator Join Date: Feb 2005 Location: Cincynatti.... where else! Posts: 1,462	Re: Disney offering buyouts to 600 execs at resort unit: WSJ Buyouts and Layoffs. Looks like we will have to get used to Snow White and the 4 dwarfs. __________________ droopydog If you need a shoulder to cry on..... pull over.

01-22-2009	#9 (permalink)
Captgoodguy Big Cheese Join Date: Mar 2003 Location: Indiana Posts: 513	Re: Disney offering buyouts to 600 execs at resort unit: WSJ Cincy - That is a VERY funny joke! __________________ A former and future Annual Passholder from Indiana that has visited too many times to list here. Proud parent of Jingles The Wonder Dog.

01-23-2009	#10 (permalink)
Cincy Moderator Join Date: Feb 2005 Location: Cincynatti.... where else! Posts: 1,462	Re: Disney offering buyouts to 600 execs at resort unit: WSJ Thanks..... I'll be here all week. __________________ droopydog If you need a shoulder to cry on..... pull over.

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