There are yet more developments about Disney. As mentioned in one of the articles below, Disney probably believes they are too big to fail and will ultimately answer to no one. Considering how many people have permanently turned their back on Disney, it might not take much to sink the entire thing.
Definitely click over and read the details in the articles. (See all my previous posts about Disney)
ArkHaven Cartoons – The Wolves are Circling Disney
I am in the process of writing a book on the decline of the Disney empire. Except I may be writing a book on the decline and fall of the Disney empire.
I am really not sure how far Reedy Creek is going to reach.
(snip)
Well, Disney wasn’t just greedy, it was stupid greedy. Mickey the Great and Terrible didn’t just have his hand in the cookie jar, he’d crawled inside and ate everything in it to include the bottom of the jar itself.
(snip)
I haven’t seen anything like this since Enron.
Which brings up the Arthur Anderson question. AA was one of the biggest auditing firms in the country until Enron blew up and took Arthur Anderson with it.
The two biggest jokes in accounting are, “Numbers don’t lie” and “You get the audit you pay for.”
Price Waterhouse Cooper has been Disney’s since 1934. PWC isn’t in the crosshairs yet but the fact that they have an intern program that takes place at Disney World says a lot without having to say anything at all.
How far up Disney can this go?
The alleged activities have been going on so long it would meet the legal definition of a “criminal enterprise” if these allegations are proven in a court of law.
Vox Day – Disney is the New Enron
We all knew that Disney was going downhill fast. It’s been impossible to miss the way that the convergence of the corporation has systematically reduced the value of its intellectual properties. But what we couldn’t have known is how it now appears increasingly plausible that fraud and criminal activity of a greater magnitude than anyone imagined could suffice to take down the entire edifice of corpocratic evil.
Add this to all the other serious issues exposed about Disney and I can’t imagine being a Disney stockholder at this point.
Morning Hope – John 12:37-50
Big problems with Disney these days, woke, going broke, employees arrested for highly questionable actions. Makes you wonder what the higher ups are involved in?