Walt Disney Co. Chief Executive Officer Robert Iger sold 800,000 shares after exercising options, netting about $8.98 million before expenses.
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The top executive at the Walt Disney Co. said this morning that he expects his company's theme parks will scale back discounting during the second half of 2010, though he acknowledged that "we don't know when we will essentially be able to turn it off."
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Even as the Walt Disney Co. moves to complete its $4-billion acquisition of comic-book giant Marvel Entertainment, Wall Street is wondering whether Chief Executive Bob Iger is shopping for bargains in the video-game aisle.
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Categories: Disneyland Discount Tickets Tags: Acquisition, Addresses, Bargains, Bob Iger, Chief Executive, Comic Book, Disney, Disney Ceo, Game Aisle, Game Industry, Giant, Marvel Entertainment, Shopping, Speculation, Video Game, Wall Street, Walt Disney, Walt Disney Co
The Walt Disney Co.'s Bob Iger has a strategy for saving jobs in America: lower the corporate tax rate.
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Less than 20 months after acquiring IdealBite for $20 million, the Walt Disney Co. is folding it into Family.com, and putting the IdealBite e-mail edition and the website will go on "indefinite hiatus," according to an internal e-mail we got earlier today. We reported in October that Disney was evaluating options for the site and some possible site layoffs; now the decision has been made to fold the site into Disney's bigger Family.com site, which focuses on women, and expand the "Go Green" section of its site. Most of the IdealBite staff is likely being laid off by Dec 9th, as we reported earlier, though cofounders Heather Stephenson and Jennifer Boulden, who started the company in 2005, and signed three-year contracts in 2008, will likely continue, though we're not sure how long. Read more... (136 words, 13 images, estimated 33 secs reading time)
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Categories: Disneyland Discount Tickets Tags: Boulden, Contracts, Disney, E Mail, Heather Stephenson, Idealbite, Indefinite Hiatus, Layoffs, Options, Walt Disney, Walt Disney Co