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Disney board clears current Pixar execs in stock options probe -- MercuryNews/AP [Archive] - MousePad

View Full Version : Disney board clears current Pixar execs in stock options probe -- MercuryNews/AP


Andrew
03-16-2007, 03:38 PM
Disney board clears current Pixar execs in stock options probe (http://www.mercurynews.com/business/ci_5453649) -- MercuryNews/AP
LOS ANGELES - The Walt Disney Co. said Friday that while stock option awards to some employees of Pixar Animation Studios were backdated, no one associated with Disney today - including board member Steve Jobs - deliberately did anything wrong.

The stock option grants were made to key Pixar employees before Disney bought the company last year.

Disney Chairman John E. Pepper said the board's audit committee had concluded that "while options were backdated at Pixar prior to the acquisition, no one currently associated with the company engaged in any intentional or deliberate acts of misconduct."

Andrew
03-17-2007, 11:17 AM
Disney clears Pixar's Jobs (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/03/17/BUGCFOMRF61.DTL&feed=rss.business) -- SFGate, 2007-03-17
Walt Disney Co. said late Friday that no one involved in the giant media company had anything to do with the backdating of stock options at Pixar Inc., the Bay Area computer animation studio it bought in 2006, according to an internal investigation conducted by the company.

Disney Chairman John Pepper did not directly name Pixar's former CEO Steve Jobs, nor its famous director, John Lasseter, but said no one currently associated with Disney engaged in any "intentional or deliberate acts of misconduct." Both Jobs and Lasseter remain with the company.


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