Walt Disney

Last edited by apocalypticbeef on July 11, 2008 - 3:26pm

Company Snapshot:

The Walt Disney Company was founded by brothers Walt and Roy Disney on October 16, 1923 as a small animation studio and grew into an empire. It currently has active interests in studio entertainment, parks and resorts, consumer products, and media networks.

Ownership status:

Publicly traded

Number of employees worldwide:

137,000

Chief executive officer:

Robert A. Iger, 56

2008 Global Fortune 500 rank:

207

Website:

The Official Disney Website

Corporate accountability

Labor:

Because of the huge segment of Disney's business related to consumer goods, especially children's products, the entertainment and media giant contracts with many manufacturers overseas, including in China. The labor practices of many of these contractors have come under scrutiny, including questionable working conditions and pay and contracting policies. Students & Scholars Against Corporate Misbehavior (SACOM), a Hong Kong-based NGO, launched a campaign in 2007 to push for more publicly accountable auditing practices of Disney's contractors in China as well as to demand that Disney make available a list of all of its outsourcing suppliers.

Political influence:

Walt Disney Company gave $367,500 to federal candidates in the 05/06 election cycle through its political action committee (PAC) - 48% to Democrats, 50% to Republicans, and 2% to other parties. <ref>2006 PAC Summary Data, Open Secrets, accessed July 2007.</ref>

Financial information

Stock ticker symbol:

DIS

Total revenue:

$10,452,000,000

Fiscal year:

2007

Net Income:

$2,249,000,000

Fiscal year:

2007

Major lines of business/segments: