Why won't Disney host its own Shareholder meetings?

[Darkbeer]

http://biz.yahoo.com/fool/050110/1105366260_2.html



Cynics would quickly note that Disney's frigid meeting locales over the past few years have taken place just as investors have tired of its current regime. Rather than use its own theme-park turf to face miffed shareholders wielding questions about earlier quality lapses, it has hit the road.

Yet investors have a right to wonder why their company is paying to fly its executives and its meeting assistants around the country, when staying close to its theme parks would be more lucrative. Disney could make money from overnight guests and from those who would stick around for a meal or two, so why would it surrender the income that staying on its property would offer? Two of Disney's Florida hotels have conference-center facilities, while the Grand Californian in Anaheim does, too. How can Disney pitch itself as the appropriate site for corporate conventions when it won't eat its own cooking?

If capacity is an issue, Disney has a beautiful 7,500-seat ballpark within its Walt Disney World complex in Florida.



Amazing, when is the new guy coming to kick Mikey out the door.... :p

[wendybeth]

Lol! It's really pretty humorous, waiting to see where they'll hold the next meeting. They can run, but they can't hide.....

[Prudence]

One would think that using their own facilities would demonstrate fiscal responsibility.

[Grumpy4]

At this rate they'll be in Nome, Alaska! They're so stew-pid.

[Polar33]

My shareholder info packet came yesterday, and says that this years Shareholder Meeting is on Feburary 11, at the Minneapolis Convention Center in Minneapolis, MN.

It's obvious that Disney dosn't want to hold a shareholder meeting near one of the parks, as that's where you'd find the greatest number of shareholders. Most of the CMs that work at the parks own stock too, many would attend if it were held in their backyard, but few are able to make it out to Minneapolis.

[Darkbeer]

Yep, Disney is all about make sure it addresses it's shareholders, they care about them and their input.....

Just like how Disney is going to do its guests a favor by picking them up at the airport (unless you are staying at a non-Disney owned hotel like the Swan and Dolphin...

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh5717 7_2005-01-11_22-34-17_n11222411_newsml



The company also in May plans to offer free shuttles from the Orlando airport to Disney hotels, including luggage transfer. That service would actually improve company revenue, he added.

"So they are provided with transportation, which is a good thing because we don't like people to rent cars, because if they don't rent cars, they stay on our property longer," Iger said.



Don't get into your car, you might find first class theme parks like Discovery Cove, or New state of the art attractions, instead of cloned stuff at Universal/IOA, or a real Space Center..... can't have that, can we :rolleyes:

[MickeyLumbo]

astonishing that Iger would dare say that in public.