Professor Elam

Thursday Oct 15 2020

I don't usually agree with Elizabeth Warren but in this case she is right.  She wrote a five page letter to Bob Iger at Disney.

Disney has laid off 28,0000 employees at its theme parks. Now it is restoring top exec pay.  In the past few years it spent $47 B buying back its own stock to increase the share price.  And of course that has weakened the financial position of the company.

As social mood grows more negative expect more such protests.