Author: Jack Burgin
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Theme Parks Help Drive “Record Revenue” for Fiscal Year 2011
The Walt Disney Company released its fourth quarter and year end earnings report today. In a conference call to discuss the results, Disney CEO Bob Iger proudly said Disney had “record revenue, net income and earnings per share” for FY 2011. Revenue from Theme Parks and Resorts, particularly domestic parks, contributed to the profitable year. …
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Five “Killer” Whales Sue SeaWorld for Slavery
People for the Ethical Treatment of Animals (PETA) has issued a press release saying that it intends to file a lawsuit against SeaWorld (San Diego and Orlando) on behalf of five orca whales naming the whales as plaintiffs in the lawsuit. The whales, Tilikum, Katina, Corky, Kasatka, and Ulises, will be represented by their “next…
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Walt Disney Company and Bob Iger Sign New Agreement
On October 7, 2011, The Walt Disney Company filed a report with the Securities and Exchange Commission which formally reported the terms of a new employment contract between the company and President and CEO Robert A. Iger. Mr. Iger’s bonus targets increase significantly in the new agreement but, perhaps more significantly, the new employment agreement…
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Lawsuit Alleges Disneyland Workers Must be Provided Seats
A recently filed class action lawsuit asks a court to award Disneyland workers more than $5 million in penalties (by Disney’s calculation) because Disney Parks (the employer) failed to provide “suitable seating” for Disney employees.
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Chef Mickey’s Server Alleges Unfair Firing over $63
Late in July a server at Chef Mickey’s filed a lawsuit against Disney Parks and Resorts (“Disney”) as well as her union, the Service Trades Council Union. The lawsuit alleges the server was unjustly fired and that the union unfairly failed to represent the employee to an arbitration or grievance. Continue after the break for…
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Disney Parks Up for Third Quarter of 2011
On August 8, 2011, The Disney Company released its third quarter earnings statement to the public. I have done other posts about Disney earnings statements (2011 Second Quarter and fiscal year 2010 earnings), and again, I won’t try to cover all of Disney’s divisions but will focus on how Disney’s earnings might affect theme park…
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Whale Watching in New England
by Jack Burgin Next summer, the Disney Magic will offer round-trip sailings from New York to Canada, with ports in Halifax, Nova Scotia and Saint John, New Brunswick. While excursions, or “port adventures” as Disney Cruise Lines refers to them, have not yet been announced for these cruises (and thus nothing is certain), a whale…