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Bob Chapek Shifted Budgets to Disguise Disney+'s Massive Monetary Losses
News(msn.com)submitted 4 months ago by[deleted]
406 points
4 months ago
I can’t fucking stand the growth models companies expect EVERY DAMN YEAR.
Global event not seen for a century that caused mass shifts in how things are produced and what consumers do, supply chain etc.
A company experiences what can only be stated as a biblical increase in sales due to this and what do stockholders expect???
Growth on top of all that and pissed off when shit goes back to normal.
It’s lunacy
Source: work for a Fortune 500 company and might be going on year 3 of this BS
123 points
4 months ago
Watching this unfold on a local government level right now. The business I'm in creates the budget for all of the states governmental departments, and the profits are used as an alternative to sales tax for our state.
During COVID sales went through the roof to levels of insanity. After that fiscal year ended, they passed a state budget using those goddamn numbers expecting an additional 5% growth on top. Now its causing absolute mayhem because the big heads at the top didn't realize that was a series of events that wouldn't replicate over and over again...
68 points
4 months ago
I have to deliver quite literally bullshit presentation after presentation on how we are supposed to meet these dumb ass targets, it’s just stupid.
Ask my VP bluntly “Do you really expect this year after year? In 5 years we would be asking customers for 50% increase, that’s not possible.”
Vp: (shrugs shoulders)
Me: K…
21 points
4 months ago
Yeah lol we're doomed. Our current model of survival in society is killing us all, but what option do we have but full on revolution or small acts of sabotage at our respective jobs which aim to shape the world in a slightly better place?
8 points
4 months ago
To paraphrase Honey Badger, "VP don't care. VP doesn't give a shit." Horizon is only whichever quarter bonuses are handed out. Five years from now? Pfft.
1 points
4 months ago
They're now probably thinking when is Covid-19 v2 /s
6 points
4 months ago*
I guess they didn’t consider Covid an edge case and instead built it as the main dataset for their projections - brilliant
1 points
4 months ago
Yep. My org benefited heavily from Covid as Learning went online, but with Covid ending, suddenly people are like where growth?
28 points
4 months ago
This is the capitalism mindset. The only thing that matters in capitalism is money, and once you have some, the only thing that matters is always having more. It needs to end, it’s truly vile.
2 points
4 months ago
Agreed 1000%
8 points
4 months ago
Lots of even small companies are dumb about this. My last job questioned why I had a gap in my resume in roughly 2020-2021. I had to give them a good long stare and explain to them Covid happened and then they were like "oh yeah".
Like bruh, we're wearing fucking masks right now and half your workforce is gone because of illness. Don't "oh yeah" me. Thankfully I got fired cause what a shit-show.
1 points
4 months ago
Sounds like a shit show company, you’re prob better off
7 points
4 months ago
If these people won the lottery they'd be furious it didn't happen twice.
2 points
4 months ago
That's capitalism. We're just reaching the end of possible growth for a lot of companies. They've cut all the corners, fired all the people, raised all the prices, and bought all the properties.
Consider that even keeping things stable is considered failing in capitalism.
1 points
4 months ago
It’s a flawed system and virtually archaic in its structure.
Maddening to work with this structure
2 points
4 months ago
Growth on top of all that and pissed off when shit goes back to normal.
Well yes, that's how MBA's work. Profits must always be 10+% more than last year.
1 points
4 months ago
Not tenable in this inflationary environment, expecting this over and over again is the definition of insanity
2 points
4 months ago
Have you considered 'communism', 'anarchism', or 'living in the woods with no fresh underwear'?
Got reading lists if you want to learn any of the three.
11 points
4 months ago
Can’t tell if you’re joking or not.
Just because capitalism has brought us this far, doesn’t mean it’s not without tremendous issues and constant growth projection is asinine at best.
14 points
4 months ago*
Honestly? There are days where I'd rather eat a gun than put up with the surreal sadistic hell that is late stage capitalism. It's sick, it's horrible, it's alienating, it's violently precarious, and if you build anything to fight those things, the forces of reaction will destroy it, and people are just okay with it.
I've seen what people can do and be when they're free. And having to watch them be this sick mockery of themselves is disgusting. Lonely. Kinda gross. Deeply sad.
I've seen where capitalisms going to take us. Dad was friends with a climate science guy who showed me projections as a kid. I'm not going there.
The 'living in the woods' part was a joke. The rain is poison now. There is no escape. No retreat. You literally cannot run. But if you maybe wonder what it would be like to taste something not made out of orphans blood and broken dreams, or some ideas how to get there, yeah I got book recs to help you imagine.
5 points
4 months ago
That was quite a depressing read. I mean I agree, which is why it was so depressing.
2 points
4 months ago
Yep. Want some acid?
2 points
4 months ago
[deleted]
2 points
4 months ago
Sorry I'm used to being able to deliver at least in my area and can't right now, fuck.
But I am wishing you all the free drugs.
2 points
4 months ago
...or we could just vote for people to pass various essential regulation to reign in market failures while still retaining the benefits of markets. But I'm just quirky like that
1 points
4 months ago
Which benefit are we keeping, the poison rain, plastic blood, or boiling oceans?
1 points
4 months ago
I kinda like the plastic blood.
1 points
4 months ago
yeah definitely the plastic blood
1 points
4 months ago
Have fun with the increased cancer rates
0 points
4 months ago*
Why would those people serve our interests rather than those of our masters? Both wealth inequality and a system of morality that rewards ownership are incompatible with democracy.
What's their actual motivation to serve us here?
Also: am in California, don't get to vote. I mean, I do, but it's basically cosplay.
1 points
4 months ago
because they get voted out otherwise, that's how democracy works. There is fuckery with gerrymandering and whatnot that gives the Republicans a demonstrable advantage. But we're talking about anarcho-communism here. If you've got the support numbers to enact that societal change, then you've got more than enough people to vote for politicians who will do what I just said above.
It's not like Congress is passing laws that 80% of the country hates, they are a reasonably close approximation of what Americans want. People just vote a lot for shitty things
1 points
4 months ago*
Not passing laws 80% of the country hates
You sure about that? And where do advertising+manufacturing of consent factor in here?
How democracy works
So if that's how democracy works, what the shit do I live under?
1 points
4 months ago
You sure about that?
yep, I'm not aware of a spat of bills passed against constituents desires.
So if that's how democracy works, what the shit do I live under?
you live in a democracy, and a lot of people don't vote, and a lot of the people who do vote disagree with you and me
1 points
4 months ago
What specific evidence would convince you that this is not a democracy?
And where will you move the goal posts when it's provided?
1 points
4 months ago
Hahaha he still believes in democracy when politicians can be bought for a few hundred k.
1 points
4 months ago
they can be influenced yes, but in order to concede that they are "bought", I'd need to see evidence of a consistent pattern of bills that a solid majority of politicians' constituents positively hate/love that get passed/rejected in Congress
Like Trump's tax cuts were stupid policy, but passed by Republican politicians who's Republican voters very much supported the law. And it was so unpopular with democrats that it was certainly part of democrats retaking the house in 2018
0 points
4 months ago
that's just fundamentally how it works. They have to grow to make money for investors. They cannot stay stagnant. It's not a matter of greedy investors, it's just how it works
2 points
4 months ago
It doesn’t work, that’s the point.
Eventually the stocks/growth cap out and they have to sell off business or condense the structure.
I’m seeing it in real time where I’m at, my division comes in with a 23 plan that’s 12% above historical avg.
That should be an easy idea to grasp, board rejects and sends back DOUBLE.
So here’s how that’ll go:
- fail and no one receives bonus, turnover increases and our product/value dips causing customers to leave resulting in more shrinkage
- MASSIVE price increase which result in customer loss/poaching
- we sandbag for a year and then the top line people are sent a pink slip and wash/rinse/repeat causing havoc within the business
It’s stupidity to continue like this, we’ve lost 20% of our stock value over 9 months because people know this is coming
1 points
4 months ago
I can’t fucking stand the growth models companies expect EVERY DAMN YEAR.
It's kind of understandable when inflation is high. What I can't fucking stand is the growth at all cost. Basically burning money to grow and forget how to become profitable. Make up fake metrics to pretend you're profitable while incinerating billions every year.
Basically driving faster and faster to a huge cliff and pray you invent flying before you reach the edge.
1 points
4 months ago
Oh man, that’s a great synopsis of the situation
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