http://biz.yahoo.com/fool/050110/1105366260_2.html
Quote:
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.
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Amazing, when is the new guy coming to kick Mikey out the door....
