Darkbeer
05-22-2003, 06:03 PM
Disney board clears Eisner role in Goldman IPO (http://www.forbes.com/newswire/2003/05/22/rtr980809.html) - Reuters, 5/22/03
QuikQuote: The board of Walt Disney Co. 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., 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.
QuikQuote: The board of Walt Disney Co. 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., 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.