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Disney restates earnings, reveals SEC probe of board - Associated Press, 12/04/02 [Archive] - MousePad

View Full Version : Disney restates earnings, reveals SEC probe of board - Associated Press, 12/04/02


Sailor Butterfly
12-04-2002, 05:45 AM
http://biz.yahoo.com/ap/021204/walt_disney_1.html

Quote: At a board meeting in New York, the company said it is cooperating with the SEC investigation into an August amendment to its 2001 year-end report.

The amendment revealed that three of Disney's independent board members had grown children employed by the company in recent years. A fourth independent board member's wife is employed at Lifetime Entertainment Television, a cable network half-owned by Disney, which is based in Burbank, Calif.


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