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Disney clears executives in Pixar probe

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Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-17-07 11:28 AM
Original message
Disney clears executives in Pixar probe
Walt Disney Co. cleared Pixar's Steve Jobs of wrongdoing after a probe revealed his animated-movie studio backdated stock-options grants before selling itself to Disney.

No one currently associated with Disney "engaged in any intentional or deliberate acts of misconduct," Chairman John Pepper said Friday. Jobs became a director of Disney after the $8.06 billion transaction last May.

Jobs did not receive the options grants. They were given to John Lasseter, Ed Catmull and other executives. Lasseter and Catmull took on important roles at Disney after the acquisition.

Disney's statement absolved Jobs less than three months after Apple Inc. did the same in a probe of its own options grants.

http://www.sun-sentinel.com/business/local/orl-bizbriefcase1707mar17,0,7568015.story?coll=sfla-business-headlines


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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-17-07 11:33 AM
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1. Will the SEC be satisfied?
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PSPS Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-17-07 12:07 PM
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2. Well, then, I guess that's that!
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MasonJar Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-17-07 08:01 PM
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3. No one is going to clear Disney of the shame of running that hideous
movie on Clinton et al just before the 06 election. I intend to keep that story alive for as long as it takes to bring those arrogant, Bush hugging SOBs down.
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