Disney has been torn to shreds over a decision to sell peanut butter and jelly sandwich kits for $10 to guests who are stranded during Hurricane Milton.
The theme park closed down ahead of the storm’s arrival this week, but some resort guests found themselves stranded and forced to ride out the hurricane there.
On Wednesday, guests were afforded the opportunity to buy sandwich ‘kits’ for $10.
The kits included a jar of peanut butter, full loaf of bread and strawberry jam.
Initially, people were impressed with Disney’s generosity, but upon seeing that the multi-billion dollar corporation was charging for the goodie bags, some of the goodwill turned.
As of October 2024, the Walt Disney Company has a market capitalization of $170.71 billion, making it the 87th most valuable company in the world. Market capitalization is the total value of a company’s outstanding shares.
Here are some other financial details for Disney:
Total assets: In 2023, Disney’s total assets were $205.6 billion, a 0.95% increase from the previous year.
Revenue: In 2023, Disney’s global revenue was $88.9 billion, a 7% increase from the previous year.
Net income: In 2023, Disney’s net income was $2.35 billion.
Net assets: As of June 2024, Disney’s net assets were A$156.36 billion.
Forbes reported in 2019 that Iger had a net worth of $690 million, which is thought to be higher than that of Disney heiress Abigail Disney, who said that year that she’s worth about $120 million. Iger, meanwhile, received $31.6 million in total compensation in 2023, or 595 times what the median Disney employee makes.Jul 17, 2024
Who owns Disney now?
Disney’s shares are owned by a mix of insiders, ordinary investors, and institutional investors. Disney’s largest individual shareholders are the company’s insiders, including the current CEO, Robert Iger, and top managers, such as Brent A. Woodford, Maria Elena Lagomasino, and Mary Barra.Jun 5, 2024.
You know damn well that Disney and its top executives can afford to give / donate a loaf of bread and a jar of peanut butter. What if anything are these over priced companies doing for the people affected by the last two devastating hurricanes ?? My guess, not much. The share holders are still out to make a buck even during a natural disaster.
It’s all about them and not about you.
Greedy A**Holes.