The Disney Grooming Syndicate’s annual SEC report tried to bury its foundational problems in the word salad of all word salads. Thankfully, That Park Place saw right through it. The key takeaway from the report is that Disney, as required by law in these filings, is warning investors that its social goals are more important than profits.
“There is in such things a statement of the various ‘Risk factors’ the company may encounter,” explains That Park Place, “all in the obligatory legal way to avoid people later saying ‘You never warned us about this!!’”
In other words, in this annual report, Disney must warn stockholders and potential stockholders of the risks these investors are accepting if they hold or choose to purchase Disney’s ailing stock. Here’s a key takeaway hidden within a pile of Disney’s CorporateSpeak.
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