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Articles related to "parks"

A Disney whistleblower is accusing the company of overstating its revenue by billions

  • Sandra Kuba, who worked at Disney for 18 years, made the claims in whistleblower filings with the Securities and Exchange Commission.
  • In the filings, Kuba alleged that employees in Disney's parks-and-resorts division recorded nonexistent revenue from free golf rounds and guest promotions.
  • Kuba told Marketwatch that Disney's revenue could have been overstated by as much as $6 billion — about 20% — in 2009 alone.
  • Disney told government investigators it fired Kuba because "she displayed a pattern of workplace complaints against coworkers without a reasonable basis for doing so, in a manner that was inappropriate, disruptive, and in bad faith," according to Marketwatch.
  • In June, she alleged that some Disney employees tried to slash the firm's sales tax liabilities by reclassifying revenue from highly taxed items such as hotel rooms as revenue from lower-taxed items such as food and beverages, Marketwatch reported.

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