Financial Accounting Blog

Monday, December 01, 2003

This is an interesting letter from the 2nd Disney Board member to resign this week.

Letter From Stanley P. Gold to the Board of Directors of the Walt Disney Company
"This Board has become an enabler to entrenched management and, in so doing, is not effectively discharging its duties to the shareholders."

It should be interesting to watch Disney stock and see how EMH plays out with this news.