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Stocks D / Disney
|Subject: MouseBucks - Ch Ch Ch Changes||Date: 2/5/2013 4:18 PM|
|Author: Fuskie||Number: 48386 of 51174|
Parks Management Changes
On Jan. 9, Chairman of Walt Disney Parks and Resorts Tom Staggs announced several key management changes within its segment of The Walt Disney Company, which oversees Disney’s family travel and leisure experiences. These changes will affect, in addition to other businesses, Walt Disney World Resort in Orlando, Fl. and Disneyland Resort in Anaheim, Calif.
George Kalogridis, current president of Disneyland Resort (DL), will become president of Walt Disney World Resort (WDW). Michael Colglazier, current vice president of Disney’s Animal Kingdom at WDW, will become president of DL.
Meg Crofton, who has served as president of WDW since 2006, will continue in her position as president of Walt Disney Parks and Resorts Operations, U.S. and France. Crofton has held both presidencies concurrently since the global operations position was announced in July 2011 as part of Disney’s restructuring of management roles.
Disney Is A Good Hedge Company
The Walt Disney Company (NYSE:DIS) is another company that can keep margins up amid high inflation. The company owns valuable TV networks, like ESPN, that dominate their segments. Disney also owns theme parks, countless hit movie franchises (and associated merchandise), and a strong brand name that makes nearly everything it touches golden. A one-of-a-kind business like Disney can maintain margins by raising advertising rates (for its TV networks) and raising prices of valu