Thursday, January 22, 2009

The Depression is ON!

Disney has historically reported large profits even when everyone around them is failing. So you know times are bad when Disney is offering buyouts to 600 of its executives.

"The parks and resorts division is in the process of implementing a number of initiatives to contain costs and maximize efficiency," Disney parks and resort spokeswoman Leslie Goodman said. "Given the continued uncertainty of the economic environment, we must manage our business even more productively."

That's Disneyspeak for "We aren't going to make as many billions this quarter as we thought we might."

So now I finally understand that mysterious Nostradamus quatrain:

Two days from the Big Hope
three-score hundred leaders shall leave forever the Kingdom
and move back to the Midwest
where their buyout packages will buy nicer homes



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1 Comments:

  • Three of the Seven Dwarfs are taking the buyouts. The others are wondering how long they'll continue to whistle while they work.

    By Anonymous Anonymous, at January 22, 2009 at 1:29 PM  

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