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"The decision leaves Disney staff reliant on state benefits — public support that could run to hundreds of millions of dollars over coming months — even as the

by acqq 7y ago

"The decision leaves Disney staff reliant on state benefits — public support that could run to hundreds of millions of dollars over coming months — even as the company protects executive bonus schemes and a $1.5bn dividend payment due in July."

throwlaplace 7y ago
>Disney over the past month has raised debt and signed new credit facilities, leaving the company with about $20bn in fresh cash to draw upon for a downturn. “They could afford [not furloughing staff]," said Rich Greenfield, analyst at BTIG.