If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   More tax reform trickle down, 125,000 Disney employees to receive $1,000 cash bonuses. Bonus: Company will also make a $50 million investment into a new employee education program   ( cnbc.com) divider line
    More: Spiffy, one-time cash bonus, Disney, CEO Bob Iger, News Corporation, higher education, Executive level employees, recent tax reform, Endemol Shine Group  
•       •       •

409 clicks; posted to Business » on 23 Jan 2018 at 10:49 PM (25 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



45 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2018-01-23 06:30:46 PM  
FTA: Disney announces a one-time cash bonus of $1,000 for over 125,000 employees. The company will also make a $50 million investment into a new employee education program.

Good.

But, why only one time on the bonuses? Why not every year if the tax reform bill isn't limited to one year?

Also, Disney had no employee education program before so its employees could get support for continuing their education, learn new vocational skills? I think Disney did, according to Walt Disney Company Tuition Assistance information.

Methinks this article is self-congratulates to justify the giveaway Republicans and Trump gave corporations.
 
2018-01-23 06:47:26 PM  

AirForceVet: why only one time on the bonuses


(a) great PR
(b) doesn't count as an ongoing operating expense
(c) is tiny compared with actually raising salaries
 
2018-01-23 06:59:48 PM  
So according to Yertle and Ryan (last I saw them tweet), something like 2 million Americans have received bonuses of some stripe, ostensibly thanks to the Trump tax "cut." Let's throw in these, and round up to an even 3 million, just for the sake of argument.

There are approximately 155 million people employed in the United States, so a little bit of basic math says that their much-vaunted "tax cut" has benefited a whopping 1.9% of the workforce. Or 0.9% of the total (323 million) population.

And that's without bothering to figure out how many of those 3 million people are just wealthy people adding a few extra much-needed millions into their already-billions bank accounts.

In short: your plan sucks, Yertle/Ryan.
 
2018-01-23 07:09:23 PM  
Kimberly-Clark is using their tax cut to can 5,500 people and up the royalties to stockholders

/huzzah
 
2018-01-23 07:31:42 PM  
Don't be fooled. These are re-education camps they're opening. Happiest place on earth my ass.
 
2018-01-23 07:38:28 PM  
Remember WalMart rising their base wage and giving bonus' the  next day they announced store closures affecting 11.000 employees and from the  empty shelves at my local Corner Market, super center and Sams they Cut the  fk out of staffing hours also
 
2018-01-23 07:43:34 PM  

FlashHarry: AirForceVet: why only one time on the bonuses

(a) great PR
(b) doesn't count as an ongoing operating expense
(c) is tiny compared with actually raising salaries


This.  The smart companies realize that the Trump tax debacle was wildly unpopular to anyone paying attention, so they're giving away some minor bonuses and announcing some initiatives they probably already planned to do in order to buy some good PR and deflect from the fact that they're getting far more out of this plan than any of their employees or the average American.
 
2018-01-23 07:49:42 PM  
Going by FY2016, that's a whopping 0.2% of total revenue.
 
2018-01-23 10:55:04 PM  
Couldn't give their employees a raise, just a small percentage of their pay as a PR move. That's a dick move.
 
2018-01-23 10:57:25 PM  

Azlefty: Remember WalMart rising their base wage and giving bonus' the  next day they announced store closures affecting 11.000 employees and from the  empty shelves at my local Corner Market, super center and Sams they Cut the  fk out of staffing hours also


And they misleading even more:  the raises weren't for 'new' employees.
 
2018-01-23 10:57:36 PM  
It's amazing how much money you can save when you can entire IT departments and get a new set of dirt-chip H1B visa candidates (don't forget to make your seasoned employees train their replacements).
 
2018-01-23 11:06:31 PM  
too bad about the job turn-over rate at the back half of EPCOT though
 
2018-01-23 11:07:51 PM  
A crass political ploy. Nothing more.
 
2018-01-23 11:13:31 PM  
I guess the next time they reboot tThe Journey into Imagination (with Figment) ride, they can bring back an old character, retconed as DreamerFinder

s-media-cache-ak0.pinimg.comView Full Size

/There's one!  Git em!
 
2018-01-23 11:16:44 PM  
I hear you can remodel an kitchen or purpose a brand new car for $1000.  Especially after taxes.
 
2018-01-23 11:18:44 PM  
Or is this all because the labor market is getting pretty tight and they need to attract and retain employees?
 
2018-01-23 11:30:58 PM  
Uh huh. And where were the bonuses in all the other years that Disney posted multi-billion dollar profits?

This is nothing more than a cynical play to try to buy another round of tax cuts. Just think how big the bonuses can be when we cut corporate taxes to nothing!
 
2018-01-23 11:54:58 PM  
weddingsinger:
And they misleading even more:  the raises weren't for 'new' employees.

I recall reading somewhere the bonus was only applicable to full time employees who'd been with the company for 20 years. But I cannot speak to the veracity of that information.

Regarding all these 1000 dollar bonuses - to put the math into perspective, that's basically an extra 50 cents per hour for a full year of 40 hours/week.
 
2018-01-24 12:09:25 AM  
Those $1000 "bonuses" are taxable income.
 
2018-01-24 12:18:38 AM  
Weird, another company that has some sort of business with the executive branch making a big to-do about this....
 
2018-01-24 12:22:27 AM  
The same Disney that outsourced their IT but asked the outgoing employees to train their cheaper replacements?

Fark em.
 
2018-01-24 02:31:07 AM  
Remember this when lawmakers try to bring up corporate tax increases or when businesses bring up new corporate tax cuts. This is all just setting the stage for the next round.
 
2018-01-24 02:40:46 AM  

AirForceVet: FTA: Disney announces a one-time cash bonus of $1,000 for over 125,000 employees. The company will also make a $50 million investment into a new employee education program.

Good.

But, why only one time on the bonuses? Why not every year if the tax reform bill isn't limited to one year?

Also, Disney had no employee education program before so its employees could get support for continuing their education, learn new vocational skills? I think Disney did, according to Walt Disney Company Tuition Assistance information.

Methinks this article is self-congratulates to justify the giveaway Republicans and Trump gave corporations.


yep. instead of a raise they give a one time bonus. this is what is known as a token gesture. one to make them appear better in the public eye. and to convince all the pleebs to not vote the GOP out in Nov.
 
2018-01-24 06:37:04 AM  
Ohh! A one-time, taxable bonus! This is like GWB's little bullshiat rebate thing he did way back.
 
2018-01-24 08:37:39 AM  

NeedlesslyCanadian: So according to Yertle and Ryan (last I saw them tweet), something like 2 million Americans have received bonuses of some stripe, ostensibly thanks to the Trump tax "cut." Let's throw in these, and round up to an even 3 million, just for the sake of argument.

There are approximately 155 million people employed in the United States, so a little bit of basic math says that their much-vaunted "tax cut" has benefited a whopping 1.9% of the workforce. Or 0.9% of the total (323 million) population.

And that's without bothering to figure out how many of those 3 million people are just wealthy people adding a few extra much-needed millions into their already-billions bank accounts.

In short: your plan sucks, Yertle/Ryan.


You should start a protest by giving your money back to the government
 
2018-01-24 08:49:27 AM  

Hobodeluxe: AirForceVet: FTA: Disney announces a one-time cash bonus of $1,000 for over 125,000 employees. The company will also make a $50 million investment into a new employee education program.

Good.

But, why only one time on the bonuses? Why not every year if the tax reform bill isn't limited to one year?

Also, Disney had no employee education program before so its employees could get support for continuing their education, learn new vocational skills? I think Disney did, according to Walt Disney Company Tuition Assistance information.

Methinks this article is self-congratulates to justify the giveaway Republicans and Trump gave corporations.

yep. instead of a raise they give a one time bonus. this is what is known as a token gesture. one to make them appear better in the public eye. and to convince all the pleebs to not vote the GOP out in Nov.


I don't think Disney, or most any corporation, actually cares much about what voters do. But Disney is keenly interested in what the FCC and FTC have to say about their further media consolidation with pending purchases of Fox assets.
 
2018-01-24 09:09:49 AM  
My daughter is a Disney Princess so I'm really getting a kick....
However, she's at Disneyland Paris & the bonus is only for US-based employees.
 
2018-01-24 09:28:39 AM  

PghThermal: NeedlesslyCanadian: So according to Yertle and Ryan (last I saw them tweet), something like 2 million Americans have received bonuses of some stripe, ostensibly thanks to the Trump tax "cut." Let's throw in these, and round up to an even 3 million, just for the sake of argument.

There are approximately 155 million people employed in the United States, so a little bit of basic math says that their much-vaunted "tax cut" has benefited a whopping 1.9% of the workforce. Or 0.9% of the total (323 million) population.

And that's without bothering to figure out how many of those 3 million people are just wealthy people adding a few extra much-needed millions into their already-billions bank accounts.

In short: your plan sucks, Yertle/Ryan.

You should start a protest by giving your money back to the government


I'll just give you a few minutes to figure out what's wrong with your post.
 
2018-01-24 09:43:45 AM  
Good news but at the same time, wouldn't a $1/hour raise be better for the employees over the long term, especially for future employees?  Also, it will be interesting to see how much of the education money will ever actually be spent by Disney.  Let's come back to that next year and the year after.
 
2018-01-24 10:00:32 AM  

PghThermal: NeedlesslyCanadian: So according to Yertle and Ryan (last I saw them tweet), something like 2 million Americans have received bonuses of some stripe, ostensibly thanks to the Trump tax "cut." Let's throw in these, and round up to an even 3 million, just for the sake of argument.

There are approximately 155 million people employed in the United States, so a little bit of basic math says that their much-vaunted "tax cut" has benefited a whopping 1.9% of the workforce. Or 0.9% of the total (323 million) population.

And that's without bothering to figure out how many of those 3 million people are just wealthy people adding a few extra much-needed millions into their already-billions bank accounts.

In short: your plan sucks, Yertle/Ryan.

You should start a protest by giving your money back to the government


Alert! Alert! This is part of the Republican narrative! However, if I DID receive a bonus form my job, which I did not, I would be giving it promptly right back to the government. Via student loans. They just get to have that. Insert sad sounding "Yay" here. Companies will really need to hand out raises before I buy into this tax plan. Full on raises. Whereas, I have just been let know that the raise freezes I've been working under will keep on for ANOTHER year. This makes over a decade of them. "Yay".
 
2018-01-24 11:39:19 AM  

FlashHarry: AirForceVet: why only one time on the bonuses

(a) great PR
(b) doesn't count as an ongoing operating expense
(c) is tiny compared with actually raising salaries


Transparent PR move, and where the hell do they get off acting like $1,000 is some vast sum that will save the day/change lives?  Especially when you consider it's taxed?  I would not complain if someone gave me $1,000 right now, mind you, but I also know it would go straight to bills, today, and be gone.  As will probably be the case with the majority of people who get bonuses.
 
2018-01-24 11:52:39 AM  
LOL @ all the butthurt people ITT who are trying wayyyyy too hard to minimize the impact of a $1000 bonus, but would scream bloody murder if their bank raised fees by $1 and would stop to pick up a shiny unclaimed quarter they saw laying on the ground.
 
2018-01-24 11:59:10 AM  
 
kab
2018-01-24 12:02:55 PM  
GE to ... whoops, nevermind.
 
2018-01-24 02:54:57 PM  
Awwww, more crying from the lefties.
 
2018-01-24 02:57:40 PM  

gretzkyscores: would stop to pick up a shiny unclaimed quarter they saw laying on the ground.


Would you not?

Some new Unabomber type out to get you by leaving boobytrapped money around or something?
 
2018-01-24 04:04:04 PM  
Why can't some people just be happy that some people are getting extra money? How sad is your life, that you can't see the positive in anything and must complain and find negativity everywhere.

Your boss says to you that you are going to get an unplanned $1000 check. Do you a) throw it back in his/her face and say I want a $1 an hour raise instead a-hole! b) Graciously take the bonus and start looking for a new TV for the Suberb Owl or think about what bill to pay off c) Take it and spend it on hookers and blow
 
2018-01-24 08:11:00 PM  

Gift Horses Mouth: Why can't some people just be happy that some people are getting extra money? How sad is your life, that you can't see the positive in anything and must complain and find negativity everywhere.

Your boss says to you that you are going to get an unplanned $1000 check. Do you a) throw it back in his/her face and say I want a $1 an hour raise instead a-hole! b) Graciously take the bonus and start looking for a new TV for the Suberb Owl or think about what bill to pay off c) Take it and spend it on hookers and blow


What about the next year, when you see the boss driving a new Corvette after telling you there would be no raises or bonuses? Or the year after that, when they cut 5% of staff, in addition to no raises or bonuses (except for your boss, he still gets his 5% raise on $150k and 10% bonus and another $50k in stock options). Will you be mad then?

Being conned by short-term generosity in lieu of long-term growth is exactly how we've ended up with stagnant wages for 4 decades. That's why you shouldn't be happy about this. Unless you enjoy being a brainless rube, that is.
 
2018-01-24 08:18:17 PM  

sherkaner: Gift Horses Mouth: Why can't some people just be happy that some people are getting extra money? How sad is your life, that you can't see the positive in anything and must complain and find negativity everywhere.

Your boss says to you that you are going to get an unplanned $1000 check. Do you a) throw it back in his/her face and say I want a $1 an hour raise instead a-hole! b) Graciously take the bonus and start looking for a new TV for the Suberb Owl or think about what bill to pay off c) Take it and spend it on hookers and blow

What about the next year, when you see the boss driving a new Corvette after telling you there would be no raises or bonuses? Or the year after that, when they cut 5% of staff, in addition to no raises or bonuses (except for your boss, he still gets his 5% raise on $150k and 10% bonus and another $50k in stock options). Will you be mad then?

Being conned by short-term generosity in lieu of long-term growth is exactly how we've ended up with stagnant wages for 4 decades. That's why you shouldn't be happy about this. Unless you enjoy being a brainless rube, that is.


perfect is the enemy of good
 
2018-01-24 09:06:32 PM  

mr lawson: sherkaner: Gift Horses Mouth: Why can't some people just be happy that some people are getting extra money? How sad is your life, that you can't see the positive in anything and must complain and find negativity everywhere.

Your boss says to you that you are going to get an unplanned $1000 check. Do you a) throw it back in his/her face and say I want a $1 an hour raise instead a-hole! b) Graciously take the bonus and start looking for a new TV for the Suberb Owl or think about what bill to pay off c) Take it and spend it on hookers and blow

What about the next year, when you see the boss driving a new Corvette after telling you there would be no raises or bonuses? Or the year after that, when they cut 5% of staff, in addition to no raises or bonuses (except for your boss, he still gets his 5% raise on $150k and 10% bonus and another $50k in stock options). Will you be mad then?

Being conned by short-term generosity in lieu of long-term growth is exactly how we've ended up with stagnant wages for 4 decades. That's why you shouldn't be happy about this. Unless you enjoy being a brainless rube, that is.

perfect is the enemy of good


Erosion happens imperceptibly, bit by bit.

Also: this isn't good, at all. That's the point I'm trying to make. It's a ruse to placate the masses while the few at the top funnel the long-term benefits into their pockets.
 
2018-01-24 09:21:13 PM  

sherkaner: mr lawson: sherkaner: Gift Horses Mouth: Why can't some people just be happy that some people are getting extra money? How sad is your life, that you can't see the positive in anything and must complain and find negativity everywhere.

Your boss says to you that you are going to get an unplanned $1000 check. Do you a) throw it back in his/her face and say I want a $1 an hour raise instead a-hole! b) Graciously take the bonus and start looking for a new TV for the Suberb Owl or think about what bill to pay off c) Take it and spend it on hookers and blow

What about the next year, when you see the boss driving a new Corvette after telling you there would be no raises or bonuses? Or the year after that, when they cut 5% of staff, in addition to no raises or bonuses (except for your boss, he still gets his 5% raise on $150k and 10% bonus and another $50k in stock options). Will you be mad then?

Being conned by short-term generosity in lieu of long-term growth is exactly how we've ended up with stagnant wages for 4 decades. That's why you shouldn't be happy about this. Unless you enjoy being a brainless rube, that is.

perfect is the enemy of good

Erosion happens imperceptibly, bit by bit.

Also: this isn't good, at all. That's the point I'm trying to make. It's a ruse to placate the masses while the few at the top funnel the long-term benefits into their pockets.


it's better than nothing which is what the employees would have got if not for the tax plan.
 
2018-01-24 09:45:32 PM  

mr lawson: sherkaner: mr lawson: sherkaner: Gift Horses Mouth: Why can't some people just be happy that some people are getting extra money? How sad is your life, that you can't see the positive in anything and must complain and find negativity everywhere.

Your boss says to you that you are going to get an unplanned $1000 check. Do you a) throw it back in his/her face and say I want a $1 an hour raise instead a-hole! b) Graciously take the bonus and start looking for a new TV for the Suberb Owl or think about what bill to pay off c) Take it and spend it on hookers and blow

What about the next year, when you see the boss driving a new Corvette after telling you there would be no raises or bonuses? Or the year after that, when they cut 5% of staff, in addition to no raises or bonuses (except for your boss, he still gets his 5% raise on $150k and 10% bonus and another $50k in stock options). Will you be mad then?

Being conned by short-term generosity in lieu of long-term growth is exactly how we've ended up with stagnant wages for 4 decades. That's why you shouldn't be happy about this. Unless you enjoy being a brainless rube, that is.

perfect is the enemy of good

Erosion happens imperceptibly, bit by bit.

Also: this isn't good, at all. That's the point I'm trying to make. It's a ruse to placate the masses while the few at the top funnel the long-term benefits into their pockets.

it's better than nothing which is what the employees would have got if not for the tax plan.


What do you think the dollar value is of the federal services these employees will lose over their lifetime as a result of slashing corporate taxes? I guarantee you it's several times more than $1000, even with interest. Very small short-term gain, very large long-term loss. Except for those who are already wealthy enough to live 10 lifetimes without lifting a finger, they will make millions more.
 
2018-01-24 10:00:53 PM  

sherkaner: What do you think the dollar value is of the federal services these employees will lose over their lifetime as a result of slashing corporate taxes?


zero.
that is why we have the national debt.
are you concerned about it?
 
2018-01-24 10:22:04 PM  

mr lawson: sherkaner: What do you think the dollar value is of the federal services these employees will lose over their lifetime as a result of slashing corporate taxes?

zero.
that is why we have the national debt.
are you concerned about it?


That's why I said "over their lifetime". Services will inevitably be slashed in the next few years because they're "too expensive" and "not in the budget" now that they've cut the corporate rate. It's part of the plan.
 
2018-01-25 09:44:48 AM  

gretzkyscores: LOL @ all the butthurt people ITT who are trying wayyyyy too hard to minimize the impact of a $1000 bonus, but would scream bloody murder if their bank raised fees by $1 and would stop to pick up a shiny unclaimed quarter they saw laying on the ground.


My brother-in-law works in their Burbank office and there was a bloodletting just before Christmas after the merger closed.  We literally chatted in Slack as the ax-men skipped his floor.  Since he's in an expanding department he was safe but the parking lot saw fewer cars after people were let go.

So keep your nose to the grindstone and take what we give you, because you are replaceable and never ask about a raise or benefits.
 
Displayed 45 of 45 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report