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View Full Version : Disney fires new salvo in proxy fight - CBS Marketwatch.com, 2/3/04



Darkbeer
02-04-2004, 01:47 AM
Disney fires new salvo in proxy fight (http://cbs.marketwatch.com/news/story.asp?siteid=mktw&guid=%7B6C7718A8%2DEBE1%2D48B5%2DAAFE%2D326237A630 79%7D&) - CBS Marketwatch.com, 2/3/04

QuikQuote: The filing then took issue with the company's skimping too much in building California Adventure and Disney Studios Paris in recent years. It said the company should have invested more in California Adventure, which opened in 2001, and charged that executives were too skittish over the Euro Disney debacle.
"The continued suppression of innovation - fixing the off-the-shelf rides -- is likely as the schemers desperately try to avoid any financial write-offs at this time," the filing says. "[California Adventure] has failed and will never come close to generating the financial return the planners forecast."