Luv2Roam
DIS Legend
- Joined
- Jun 3, 2000
- Messages
- 15,479
Now don't anyone fall over that the board would clear Eisner of anything! 
Disney board clears Eisner role in Goldman IPO
Reuters, 05.22.03, 6:56 PM ET
LOS ANGELES, May 22 (Reuters) - The board of Walt Disney Co. (nyse: DIS - news - people) has ruled that Chairman and Chief Executive Michael Eisner acted properly when he participated in a 1999 initial public offering of brokerage Goldman Sachs Group Inc. (nyse: DIS - news - people), a Disney banker.
A board committee of independent directors formed to review the purchase after a complaint in December by a small shareholder ruled that the purchase was "perfectly appropriate," a Disney spokesman said.
Eisner bought 30,000 shares in the investment bank's IPO. The Burbank, California-based media and theme parks group in December said that Eisner was offered the opportunity because of his personal relationship with Goldman.
Copyright 2003, Reuters News Service
Disney board clears Eisner role in Goldman IPO
Reuters, 05.22.03, 6:56 PM ET
LOS ANGELES, May 22 (Reuters) - The board of Walt Disney Co. (nyse: DIS - news - people) has ruled that Chairman and Chief Executive Michael Eisner acted properly when he participated in a 1999 initial public offering of brokerage Goldman Sachs Group Inc. (nyse: DIS - news - people), a Disney banker.
A board committee of independent directors formed to review the purchase after a complaint in December by a small shareholder ruled that the purchase was "perfectly appropriate," a Disney spokesman said.
Eisner bought 30,000 shares in the investment bank's IPO. The Burbank, California-based media and theme parks group in December said that Eisner was offered the opportunity because of his personal relationship with Goldman.
Copyright 2003, Reuters News Service
