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Disney slammed by Senator Elizabeth Warren in new letter

 


Massachusetts Senator Elizabeth Warren criticized the Walt Disney Company in a new letter saying that Disney is prioritizing the payment of CEOs over the well-being of its employees.

  • Warren said in the letter that Disney had made short-sighted choices to hurt the company’s capital.
  • Warren said Disney showered its senior executives with inflated compensation plans and salaries and bulldozed its stock buyback programs from 2009 to 2019.
  • It appears that before and during the pandemic, Disney took good care of its officers and shareholders and is now in the process of suspending its frontline workers to dry off, Warren wrote in the letter.

Disney said in a statement to CNN this letter from Warrens contained inaccuracies.

  • We have unequivocally demonstrated our ability to operate responsibly with strict health and safety protocols in place at all of our theme parks around the world, with the exception of Disneyland Resort in California, Disney said. The company added that California had blocked us from reopening even though we made deals with unions representing the majority of our cast members that would get them back to work.

Go back:

Disney announced 28,000 layoffs at the end of September due to the coronavirus pandemic, which I spoke about for Deseret.

  • The layoffs were in the Disney Parks, Experiences and Products segment and had a general impact on U.S.-based employees, Disney told me in an email.

Josh DAmaro, president of Disney Parks, Experiences and Products, sent an email to members of the company’s cast explaining the layoffs. A copy of the email was then sent to Deseret.

  • As heartbreaking as it is to take this step, it is the only feasible option we have in light of the prolonged impact of COVID-19 on our business, including limited capacity due to physical distancing and safety requirements. continuing uncertainty about the duration of the pandemic. .

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