mshanson3121
DIS Veteran
- Joined
- Jan 16, 2015
So if you owned stock in Disney, you would be fine with it being worth less, so long as there weren’t Halloween parties in August? It’s not greed, it’s business. Disney is accountable to its shareholders to make sure they are maximizing profits. There’s not one person sitting back and saying “I want to be a trillionaire instead of a billionaire.” That would be greed. But Disney is a part of most index fund portfolios which means that millions of people benefit when Disney turns a profit. Those people do not care about Halloween parties in August if the bottom line is more money for the masses.
When Disneyland started, Walt and Roy were the main shareholders. Walt had the luxury of choosing when to value guest experience over more dollars in his own pocket. But Disney’s millions of stockholders might be depending on profits to retire, send their kids to college, or to pay off their mortgage. Who are you to call them greedy?
The majority of shareholders own very small amounts of shares. Nothing Disney does is making or breaking their portfolio. The ones who have enough money to spend on the amount of Disney stock necessary that those scenarios you gave would actually be true, already have enough money to cover those things .
Further, you're over simplifying - it's not the extra few parties in August that has people upset, it's the direction the company is going as a whole. The parties are just another example of that.
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