News just out - suit filed by Disney and Gold re:election of directors and disclosure

[wendybeth]

Roy and Stan have launched a lawsuit against the WDC and the board, alleging fraud: Disney lawsuit

Here is a more complete story.


The title of the thread that you are viewing was conceived, written and implemented by Scaeagles. All state and federal copyright rules are applicable. No reproduction without express permission from the author. (Of the thread title, not the thread itself. She could care less...).

[scaeagles]

OK - now what kind of crap is this???? You merge the threads and give Wendybeth the credit for it but use my title???? Sure, she was first, but I think it should be shared billing at the very least if my thread title is used. Hmph!

[wendybeth]

Lol! Okay, give Scaeagles my lame title and the credit for it.... Besides,. everyone knows I'm far too lazy to put that much effort into a thread title.

[Ghoulish Delight]

I have no choice in the matter. It's all done automatically.

[scaeagles]

Originally Posted by Ghoulish Delight

I have no choice in the matter. It's all done automatically.

Yeah, whatever - use your lame admin excuses all you want. Hmph, I say, hmph!

[wendybeth]

Look up, Scaeagles...

[Cadaverous Pallor]

Now that we're done discussing the thread itself.....

It is SO HARD to get mad at Disney right now. I'm so easily swayed by good show, it's pathetic.

[scaeagles]

Originally Posted by Cadaverous Pallor

It is SO HARD to get mad at Disney right now. I'm so easily swayed by good show, it's pathetic.

But in general, isn't that what it's about? Good show? I remember when I first started going to MP (several years ago looking for info on the Grand Californian) the general complaints were the condition of the park, underwhelming DCA, new Tomorrowland, lack of originality, lack of investment, etc. If these things are being fixed - and it certainly seems like they are - then doesn't that alleviate most of the reasons for complaints?

Matt O seems to know what to do and how to get it done. The conditions for the 50th are (from what I've heard ) incredible. Tomorrowland is getting resolved. New rides, though not all original, are going in and investment is assuredly being made, with even more planned for the former motorboat cruise area. I would guess that DCA will get more and more investment as issues at DL are resolved. Monsters Inc represents investment, and they have to invest more to get people there, as they can't afford to let it die.

Now, it could be that Disney and Gold are forcing these things to happen due to their actions and Eisner and Mitchell and Iger are allowing and encouraging investment to sort of defer the criticisms of Disney and Gold. It could be that all the investment and improvement stops once Disney and Gold go away or this is entirely resolved. Who knows. But with all that's going in to the park(s) at present, it seems like fevered support for Disney and Gold must be hard to generate.

And wendybeth, thanks for the billing. I feel appeased.

[Ghoulish Delight]

I'm still of the opinion that Roy is just continuing to blow hot air. First he doesn't even bother to present a CEO candidate before the deadline, then he sues them for not doing a good fait search? I just don't get the strategy. A suit against a company board is a nearly impossible thing to win, and his actions (or inaction) make it even harder, from where I'm sitting. I mean, if he were really so concerned about them doing a good faith search, wouldn't he have used any opportunity he had to facilitate that search? And yet he just let the chance slip by with nary a peep.

Sorry, but Roy and Stan have been all talk, no action. And this long-shot of a law suit after Iger's already been chosen is too little, too late.

[scaeagles]

Originally Posted by Ghoulish Delight

First he doesn't even bother to present a CEO candidate before the deadline, then he sues them for not doing a good fait search?

I'm not sure how all this corporate stuff works - was it his responsibility to present a CEO candidate?

Here's what I think - I think Disney and Gold realized the fix was in and that they could do nothing to stop Iger from becoming CEO. This being the case, they specifically opted NOT to offer up any candidates so that a suit could be filed. If they offer up a candidate or two, and those candidates are considered and rejected, an air of sour grapes comes in to the mix. Right now they have an argument - though perhaps a weak one - that no candidate other than Iger was considered.

They saw the writing on the wall - nothing they could do could stop Iger from getting the job. So they planned a suit long ago to try to combat it on the only grounds they could.