Executive Punishment: Make Them Go to Disney World
CNBC.com News Editor
After spreading from Wall Street to Main Street, the financial crisis has finally hit the land of make believe.
Disney is launching “The Great Piggy Bank Adventure,”a new interactive exhibit at Epcot designed to teach kids about money.
Getting parents to talk to kids about money is “more important than ever before,” said Edward Bernard, vice chairman of T.Rowe Price, which is sponsoring the exhibit.
The exhibit, which will open in May, will focus on four key financial themes: setting goals, saving and spending smartly, staying ahead of inflation and diversifying investments.
Imagine the rides it might have: Dumbo and the Flying Derivatives. It's a Small-Cap World. The Tower of Leverage. And Mr. Toad's Wild Yield-Curve Ride!
Oh, the possibilities are endless.
And, to satisfy the populist outrage as Washington grapples with how to tear the bonuses out of AIG executives' hands, here’s an idea: Let's send Wall Street executives who don't seem to "get it" to Disney World and make them sit through the exhibit 400 times.
John Thain, you’ve just bought a $35,000 commode on the taxpayer's dime. What are you going to do?
I’m going to Disney World!
That’s right, John. You’re going to sit next to little Johnny and learn about how to not spend more than you have and learn to save for a rainy day, so next time, you don’t have to ask the government for an umbrella — an umbrella that they'll give to someone else (Bank of America) to hold for you.
OK, now who wants to go on Mortgage-Backed Securities Mountain?
Disney 101.Fark.comhighlights the one money lesson Disney forgot: “How to save $79 per day per person plus hotel and food costs.”
Cookie Monster Explains Madoff. Mommy, what’s a Ponzi scheme? If you’re having trouble answering that one, check out how the Cookie Monster breaks it down: Imagine these cookies are your nest egg and I am Bernie Madoff. A nom nom nom …
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