America Has New Type of Money, Making Some Rich...Should You Get It?

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Workers sue Disney claiming they were fraudulently induced to move to Florida from California

MIKE SCHNEIDER
June 21, 2024

ORLANDO, Fla. (AP) -- Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida to work in a new office campus only to have those plans later scrapped amid a fight between the entertainment giant and Florida Gov. Ron DeSantis.

In July 2021, the Disney Parks' chief told workers in California that most white-collar employees would be transferred to the new campus in Orlando to consolidate different teams and allow for greater collaboration.

As many as 2,000 workers in digital technology, finance and product development departments would be transferred to the campus located about 20 miles (30 kilometers) from the giant Walt Disney World theme park resort, the company said at the time.

Many workers were reluctant to make the move given their longstanding ties to Southern California and fears of uprooting their families, but Disney encouraged the move by promising a state-of-the-art, centralized workplace and greater affordability in central Florida, according to the class action lawsuit filed earlier this week.

"In sum, employees were incentivized to move through a combination of reward and punishment," the lawsuit said. "An employee could choose to move to a better life in Florida, or alternatively, choose not to move and be terminated by Disney."

By late 2021, as large numbers of Disney employees resisted relocating, Disney told them to put their moving plans on hold. Meanwhile, a group of workers who had decided to relocate, including the lead plaintiffs, Maria De La Cruz and George Fong, sold their California homes with the understanding that the company expected them to make the move, and they purchased homes in central Florida, the lawsuit said.

Fong, who works as a creative director of product design, sold his childhood home which he had inherited.

By June 2022, though, Disney leaders told the California workers that the opening of the new Orlando campus was being delayed and that they could postpone moving until 2026 but were still encouraged to relocate by 2024.

By this time, DeSantis had begun a feud with Disney over the company's public opposition to a Florida law which bars instruction on sexual orientation and gender identity in kindergarten through third grade. With the help of Republicans in the Florida Legislature, DeSantis revamped the governing district for Walt Disney World and installed his own appointees to its board in early 2023. Before the DeSantis takeover, the governing district had been controlled by supporters of Disney for more than five decades.

By May 2023, Disney told its workers that the plans to open the $1 billion campus in Orlando were being scrapped and that the workers who had moved to Florida could move back to California if they chose.

According to the lawsuit, many of the workers who had moved to Florida were worried about their job security if they didn't relocate back to California since most of their team members were still there and the company lacked the facilities in Florida to accommodate the teams.

After the decision to pull the plug on the Orlando campus, housing prices surrounding the campus dropped and the price of housing in California continued to increase, just as mortgage interest rates also rose higher in 2023. Fong and De La Cruz, a vice president of product design, have moved back or plan to move back to California and are seeking undisclosed economic and punitive damages.

"Other similarly situated individuals have been forced to purchase or rent less desirable housing upon their return to California," the lawsuit said.

Disney didn't respond to an email seeking comment on Friday.

Earlier this month, Disney and the DeSantis appointees to Disney World's governing district formally ended their fight over control of the government by signing a 15-year development agreement. Under the deal, the DeSantis appointees committed the district to making infrastructure improvements in exchange for Disney investing up to $17 billion into Disney World over the next two decades.

___

Mike Schneider's book, "Mickey and the Teamsters: A Fight for Fair Unions at Disney," was published in October by the University Press of Florida. Follow him on X, formerly Twitter.

Continue Reading...

Popular

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

Nvidia surged 217.58% over the past year, 173.78% year-to-date. Here are eight large-cap stocks that outperformed it this past year.

Cathie Wood-Led Ark Invest Dumps $4.3M Worth Of Nvidia Shares Amid Rebound -- Swoops Into Buy Stock Of This Netflix Rival

On Tuesday, June 25, 2024, Cathie Wood-led Ark Invest made significant trades in NVIDIA Corp (NASDAQ:NVDA) and Roku Inc (NASDAQ:ROKU), amidst considerable market volatility.

Exposed: 3 Cent Crypto to Explode July 22nd? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

XPeng's Flying Car Takes Off In China, Aims For Commercialization By End Of The Year

China's XPeng Inc. successfully showed off its flying car, the X2, at a trade fair, signaling a push towards commercialization in the low-altitude economy.

Top 3 Materials Stocks That May Explode In Q2

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

July 29 Deadline: The No. 1 Monthly Dividend ETF - Ad

It's paying 161% bigger dividends than aristocrats, and it's up 5.62% since making its newest announcement. If you add it to your portfolio before July 29, you'll secure a payout of $2.05 PER SHARE!

Google Makes Major Solar Move, Acquires Stake In Taiwan-Based New Green Power Owned By BlackRock

Alphabet Inc.'s subsidiary Google has purchased a stake in a Taiwanese solar power company. The deal, which involves New Green Power, a firm owned by BlackRock, could see Google procure up to 300 megawatts of renewable energy.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

What's Going On With Taiwan Semi Stock On Wednesday?

Taiwan Semiconductor Industry to maintain global lead for 8-10 years, urged to ensure research security and develop grand strategy for changing supply chains.

Wheels Up Stock Is Rallying Tuesday: What's Driving The Action?

Wheels Up Experience Inc (NYSE:UP) shares are surging. The company on Tuesday announced a new streamline product portfolio in connection with Delta Air Lines Inc (NYSE:DAL), a strategic partner of the on-demand private aviation company.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Powerball Winnings Gone: What Happens To Unclaimed Lottery Tickets

Powerball winners often take home tens to hundreds of millions of dollars. Tickets that are lost or not claimed in time end in a different result.

UBS Sells Stake In China Joint Venture To Comply with Local Regulations: Report

UBS selling partial stake in securities joint venture to BSAM in China, consolidating operations, CEO says it's optimal move for compliance.

Elon Musk's Chilling Warning for Humanity - Ad

Elon Musk warned that humanity will soon be 'obsolete.' Every port, railroad, highway, and airport in America is facilitating a kind of 'invasion' that will bring about centuries worth of change in the next few years. If Elon and the research are correct -- the results could be devastating for the average American.

Ecuador stops waiving visas for Chinese nationals because of an increase in irregular migration

QUITO, Ecuador (AP) — Ecuador on Tuesday announced the suspension of an agreement with China that had waived visas for Chinese citizens traveling to the South American country, citing a “worrying” increase in irregular migration.

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

FORT LAUDERDALE, Fla. (AP) — The U.S. Supreme Court on Monday refused to take up a challenge to exclusive rights to handle online sports betting in Florida, dealing a blow to the deal's opponents.

Nagging Feeling That Something Is Off in America? - Ad

The REAL truth behind what's happening in America right now is even worse than you thought. In fact, new evidence points to a secret Election Day shakeup, involving a sleeper candidate for President nobody is talking about... a controversial Chinese-owned app... and the most famous celebrity in the world today.

FDA Approves Expanded Use For Sarepta's Rare Muscular Dystrophy Gene Therapy

The FDA has approved Sarepta Therapeutics' Elevidys for treating Duchenne muscular dystrophy in patients aged 4 and older with specific DMD gene mutations.

Thailand has tried for years to solve its pollution problem. But 'haze season' always comes back

SAMOENG, Thailand (AP) — When the haze season comes, village chief Nanthawat Tiengtrongsakun and his tribesmen start preparing the land for fire.

The Presidential Candidate You Should Really Be Worried About - Ad

Most Americans are overlooking the seemingly impossible candidate that should worry you. It's not Biden... Trump... Newsom... or even Michelle. It's someone even worse. New evidence of a secret plan indicates he could soon return, and finish what he started.

Trump Is Raising Enough Money To Wipe Out Biden's Once Significant Cash Advantage

The campaign of former President Donald Trump has seen a significant increase in donations, surpassing that of President Joe Biden, following Trump's felony conviction.

Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership

TOKYO (AP) — Toyota shareholders voted Tuesday , grandson of the Japanese automaker’s founder, as chairman on the board.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

German Drug Developer Evotec Seeks Adviser Input As Takeover Concerns Mount

Evotec consults defense advisers following a significant share price decline, raising concerns about a potential takeover.

Canadian airline WestJet begins canceling flights as mechanics threaten to strike

Canadian airline WestJet has begun canceling some flights in anticipation of a strike by aircraft maintenance technicians, saying it wants to avoid having passengers and planes stranded if there is a walkout.

The World's First Trillion Dollar Drug - Ad

By 2030, Wall Street experts predict it could generate more revenue than the top 10 best-selling drugs... combined. Early investors stand to reap tremendous rewards as its growth surges 75,000% by 2030. Former hedge fund manager Ian King predicts this could become the world's first trillion-dollar drug. And he's recommending 3 little-known stocks to play this fast-moving trend.

Boeing Faces Sanctions From NTSB Over Unauthorized Release Of 737 MAX Investigation Details

The NTSB's action further strains the relationship between Boeing and government agencies, amid the planemaker's efforts to avoid criminal charges from the U.S. Department of Justice (DOJ) before a July 7 deadline.

Hawaii: Cannabis Decriminalization Bill Fails Amid Unified Legislative Opposition

The cannabis decriminalization bill, SB2487, faced rejection from both supporters and detractors in Hawaii's state legislature

Buy These 3 Stocks Before the FDA's Anticipated Announcement - Ad

See this ASAP! This could NOT be more urgent.... Ian King has identified 3 little-known stocks that could go up 10X in the coming years. It's all thanks to a breakthrough product that could save billions of lives. Maybe even yours.

Snowline Gold's Valley Deposit Emerges As High-Grade Gold Resource In Yukon

Snowline Gold Corp announces highly anticipated initial assessment for Valley deposit in Yukon Territory, Canada, with significant potential for growth and future development.

Chinese premier focuses on critical minerals and clean energy during Australian visit

MELBOURNE, Australia (AP) — Chinese Premier ends his Australian tour on Tuesday in the west coast city of Perth where he will focus on China’s investment in critical minerals and clean energy.

Dem Election Plot To Create "Chaos Rally" Phenomenon? - Ad

A former CIA insider now predicts Biden dropping out August 19th... Will create the rare Chaos Rally profit opportunity... that could "turn the tables" on the Dem election plot to potentially collect huge financial gains. This kind of wealth-building event has only happened 3 times in American history.

ChatGPT-Maker OpenAI To Restrict Access To AI Tools In China Amid Rising Tensions: Report

While the exact reason behind OpenAI's decision is not known, it coincides with mounting pressure from the U.S. government to curb China's access to advanced AI technology.

Solana's 9% Gain Means It Will Be 'The Fastest Horse If Risk-On Sentiment Returns,' Says Trader

The Solana (CRYPTO: SOL) ETF application by VanEck has sparked a 9% rally on Thursday, with traders debating whether more upside is to come.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Cannabis Vs. Coca-Cola And Marlboro: Marijuana Market Growth Outpaces Alcohol, Tobacco And CPG Giants

Recent financial data from Beacon Securities compares key financial metrics across the alcohol, tobacco and cannabis industries, showing that cannabis is set to outpace major players like Coca-Cola (NYSE: KO), Marlboro (NYSE:

Snapchat Inc. to pay $15 million to settle discrimination and harassment lawsuit in California

SAN FRANCISCO (AP) — Snapchat Inc. will pay $15 million to settle a lawsuit brought by California’s civil rights agency that claimed the company discriminated against female employees, failed to prevent workplace sexual harassment and retaliated against women who complained.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Jim Cramer Has A Market Strategy: Interest Rates Up, Buy Mag 7; Rates Down, Buy Everything

Jim Cramer, the host of CNBC's "Mad Money," has advised investors to consider buying the 'MAG 7' stocks when interest rates rise and to buy everything when rates fall.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service