Word: disneyisms
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...company has treated its CEO more regaly, over the years, than Walt Disney Co. Since landing the top job in 1984, Michael Eisner has collected more than $1 billion in total compensation. The magic of Disney was most evident in 1993, when Eisner's pay package of $203 million (almost all of it gains from stock options) was equal to 68 percent of the company's profits. When the Mouse was a growth stock, such pay was like the price of admission to Disneyworld - expensive, but at least you got some thrills out of the investment...
...world myself, I can still visit the corners of the globe and thwart the many forms of evil I find there. And I can do it all in a quick thirty minutes, by living vicariously through the characters I watch: Aladdin, Hercules, and Kim Possible. Genius, your name is Disney...
City rivalries, like those between siblings, intensify with proximity. Consider the uproar in Hong Kong last week when it was revealed that the Disney Co. had tentatively agreed to build a theme park in Shanghai?Hong Kong's commercial bete noire. Hong Kong three years ago partnered with the U.S.-based entertainment conglomerate to build the first?and some believed at the time, the only?Chinese Disneyland. But that was then. Now, says Hong Kong legislator Emily Lau, "it seems Disney doesn't give two hoots about Hong Kong...
...facilities will wind up competing for visitors from mainland China, which had been expected to contribute about 75% of Hong Kong Disneyland's customers in its first few years. Hong Kong has a big investment to recoup: the city agreed to pay $2.9 billion toward the park's construction. Disney chipped in a mere $314 million, for which the company will get a hefty 43% ownership stake along with management fees...
...Hong Kong officials feel they've been taken for a ride by The Mouse, but during negotiations Disney representatives made no secret of the fact they might want to build a second park on the mainland. The only assurances given were aired in February 2001 when Donald Tsang, then Hong Kong's Financial Secretary, claimed Disney officials told him there would be no second park in China until the first was "mature...