Disney heiress Abigail Disney: American businesses are not…


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Disney heiress Abigail Disney: American businesses are not using their cash to reward workers


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853
712 shares, 853 points
quietfryit

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  1. American Businesses: She doesn’t know what she’s talking about. Look at the pizza party we threw last Thursday. During the holiday season everyone gets $5 Dunkin Donuts gift cards. Employee work anniversaries? How about reusable water bottles with the company name on it. And every once in a while we’ll drop some lifesavers in the employee break room with a cute sign, “Thanks for being a lifesaver.” Even free bagels sometimes. We reward our employees so much that it’s almost like we treat them as family.

  2. She actually made a GREAT statement at the end there. Workers need to be treated like partners, instead of a labor expense. They are partners in the company that produce the product, and need to be treated as such.

  3. Damn straight! They’re using it for stock buy backs, investments, enriching leadership & top executives, and sitting on their golden goose like Scrooge.

    Every major company is built on the backs of individuals. Yes, someone had the idea, started it, and risked a lot to get it started. But when the company is making f*ck you money, the least they can do is acknowledge that it wasn’t done alone and show some compassion/gratitude by rewarding the hard workers. Hell, I worked at a small bakery in college and my bosses gave us thank you bonuses for busting our butts off for Christmas. Sometimes they were alot and sometimes meh, but I felt valued. This is a small bizz we’re talking about.

    Today it’s what can we squeeze out of you, and then after hit you upside the head to make sure it’s all out. Capitalism is great, allows anyone to jump in, but wtf happened to some compassion/gratitude when you get to the top.

  4. Of corse Not. There is no such thing as a nice Business owner. When people can fill their own pockets, they will. Welcome to capitalism.

  5. This reminds me of how Disney is just a family name. It has this magical connotation thanks to years of media and culture. But at the end of the day, it’s no different than if Jeff started BezosLand. 🤢

  6. She can say this because she has no obligation to run the corporation. Walt was heavily anti union and rewarded his favorites with a literal old boys club on top of the studio, and when he died he was working on establishing his own city with no democracy or privacy where he would retain total control. Not to mention his abuse of copyright and a dozen other things you could name.

    If she wants to use her heiress money to start a labor movement it should be welcomed but I’m a but leery at the inheritor of one of the worlds poster children for bad labor practices for skilled labor in the west deciding that now she cares once the unions are getting going again.

  7. No shit. They have a fiduciary duty to reward shareholders/owners, and no obligation whatsoever to workers other than the minimum wage, which they still object to.

  8. I think she really nailed the issues we’re facing. Corporations funneling all profits to management, shareholders and tax-free banks, only the bare minimum going to workers because the market colludes to keep employee wages as low as possible.

  9. They’re also not using it to save for a rainy day, because why would they? If there’s an economic downturn, big corporations will just get another free handout from the government.

  10. Disney needs to lower their Worker/CEO ratio to their magic number of 23. It’s practically the value ceiling that businesses can reach whilst maintaining their corporate ladder. Peter Drucker, Project Management guru, argued this.

    > “I have often advised managers that a 20 to 1 salary ratio is the limit beyond which they can not go if they don’t want resentment and falling morale to hit their companies,”

  11. she’s got the right idea, but still getting it wrong.

    the workers are the ones who earned the cash. it’s not “the business’ cash” and it’s not “rewarding the workers”

    it’s “the businesses are stealing the profits of the laborers labor from the laborers.”

  12. She just discovered that trickle down… doesn’t trickle at all! Holy smoking cobwebs. Must be nice to be born today.

  13. >”Who is incentivized to do what in a wage ratio of one to a thousand? Those getting a thousand times more than starting wage earners, what’s their incentive from… that situation? To hide, I’d say. To hide the fact that they don’t actually do a thousand times more than their employees. Hiding like that, they won’t be normal. They’ll be bullsh*tters. And for the lowest-income folks, what’s their incentive? I’m not coming up with one right off the bat, but the ones that do eventually come to mind sound cynical or beat down or completely delusional. Like, I hope I win the lottery, or I’m going to shoot up now, or The world is so f*cked… Maybe incentive isn’t the word here… When you get one pay amount and someone doing something easier gets a thousand of that pay amount, that’s a disincentive to care about anything. At that point you throw a rock through a window or vote for some a–hole who is going to break everything…”

    -Kim Stanley Robinson, *Ministry for the Future*

  14. The company I work for brags every year about record profits, then at review time they stall, pretend they have no money then give us paltry raises that don’t match inflation. The most annoying thing is they’re in-your-face Christians.

  15. some companies are going to get screwed early next year if they don’t start listening. Especially mine (1BN a year company, 8K employees, gives out .5-1% raises to most even while we are in our 15th+ consecutive year of double digit revenue growth and we’re buying up real estate for “future” offices left and right while 80% of us still WFH).

  16. its cause they all read rich dad poor dad and figured, “oh I don’t need to pay my workers more cause I don’t have to” and hence the entire concept of government was formed.

  17. It’s rather odd that many academics like to say that 3rd generation tends to destroy the family wealth when they give away 90% of it and still remain rich.
    I think the 3rd generation just often realizes how mentally ill their parents and grandparents really were when they were amassing huge fortunes in expense of others.

  18. The fact that the media is looking to literal heiresses for feedback on the economic realities of work is fucking degusting. She might be right on this one, but am I really to believe that the best person to speak for my socioeconomic class is someone who has spent her entire life in the class that preys on us?