Disney Phasing Out Lavish Executive Perks

Disney Phasing Out Lavish Executive Perks
The Walt Disney Co. Snow White character acts in 'Mickey's Soundsational Parade' in the Main Street, U.S.A. area of Disneyland Park, part of the Disneyland Resort, in Anaheim, California, U.S., on Friday, May 24, 2013. Walt Disney Co., the world's largest entertainment company, said this month fiscal second-quarter profit rose 32 percent, beating analysts' estimates as guests splurged at theme parks in California and Florida. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
The Walt Disney Co. Snow White character acts in 'Mickey's Soundsational Parade' in the Main Street, U.S.A. area of Disneyland Park, part of the Disneyland Resort, in Anaheim, California, U.S., on Friday, May 24, 2013. Walt Disney Co., the world's largest entertainment company, said this month fiscal second-quarter profit rose 32 percent, beating analysts' estimates as guests splurged at theme parks in California and Florida. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Walt Disney Co. (DIS) is eliminating perks including executive car allowances as the world's biggest entertainment company looks to further boost profitability.

"We're phasing them out," Chief Financial Officer Jay Rasulo said of the car allowances in an interview at last week's Allen & Co. conference in Sun Valley, Idaho.

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