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The Walt Disney Company announced significantly increased earnings for 4th quarter 2007 as well as the year as a whole. For the year, earnings per share (profit divided by shares outstanding) grew from $1.64 in ’06 to $2.25 in ’07. This included one times benefits from the sale of E! Entertainment and Us Weekly. Excluding
If you thought Disney War was light reading, then you'll be happy to dive into the Conglomerate Blog Forum on the Ovitz/Disney Shareholder case. The general concensus seems to be that corporations and their boards have wide leeway to pretty much do as they like as long as they're following the rules that they themselves
Disney denies that the recent trip of top executives to India included a scouting mission, or any negotiations at all, for an Indian continent Disneyland. It's a shame, because there are about to be 1 billion Indian citizens jumping onto the world's stage as a technologic super power. Those newly minted nerds are going to
Apparently Disneyland Paris was in a bit more financial trouble than previously believed. It had to file for bankruptcy again. This new plan should provide it some needed dept relief and investments in new attractions. Hopefully things will finally turn around for this debt strapped company.