Disney to restrict options awards
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The Walt Disney Company yesterday took steps to rein in stock options awards for senior executives and tie such benefits more closely to the entertainment company&#39;s financial performance.
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The Securities and Exchange Commission reached a settlement with the Walt Disney Co. yesterday over the company&#39;s not disclosing its relationships with various board members as well as with an airline controlled by a director.
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Staff members at the Securities and Exchange Commission reversed course this week and ruled that Walt Disney Co. could bar from its proxy ballot a union-backed initiative that would make
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Accounting regulators adopted rules yesterday requiring publicly traded companies to treat the stock options they give to employees as normal business expenses.
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Michael Eisner plans to step down as Walt Disney Co.&#39;s chief executive when his contract expires in September 2006, the Wall Street Journal said on Friday.
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The striking writers guild said Tuesday it has decided against picketing the upcoming Grammy Awards. However, the Writers Guild of America's board of directors has yet to grant the music industry show a waiver that would allow writers to participate, a guild spokesman said.
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By ALEX VEIGA; Associated Press  The agreement is a big prize for the cable-TV operator because it gives Comcast access to Disney movies.   * * *   LOS ANGELES - Comcast Corp. and The Walt Disney Co.
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Walt Disney agreed yesterday to settle allegations from federal regulators that it failed to disclose benefits received by some directors and their relatives, including former
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Disney (DIS:NYSE - news - research) dissidents Roy Disney and Stanley Gold won&#39;t nominate an alternative director slate for the 2005 meeting, saying they believe the company&#39;s board is making progress in serving the interest of shareholders.
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Walt Disney Co  said on  Thursday it would stop operating its U.S.-based mobile phone  service at the end of the year to reassess how it competes in a  tough market for high-end cell phone services.
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The striking Hollywood writers guild likely will bar its members from working on next month's Grammys telecast, a union spokesman said Tuesday. Grammy organizers have yet to ask for a waiver allowing writers to work on the show Â and if requested, "it is unlikely to be granted," Writers Guild of America spokesman Gregg Mitchell said.
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The nation&#39;s accounting rulemaker decided Thursday that companies will have to begin deducting the value of stock options from their profits next year, reigning in a cheap way to compensate workers that had been abused by executives and clouded earnings.
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Artificially boosting demand for initial public stock offerings and ramping up related commissions would be restricted under rules proposed on Wednesday by the US Securities and Exchange Commission.
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The Walt Disney Company says it will stop showing cigarette smoking in its family-oriented films.
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DreamWorks and Walt Disney have three films each in the running for best animated feature Oscar.
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Metro-Goldwyn-Mayer Inc.  has restricted its employees' ability to trade shares in the company, and could announce as early as next week a deal to be acquired for up to &#36;5 billion, sources close to the company and its talks with possible bidders said on Tuesday.
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Theme park operator says it will not extend current contract beyond Thursday deadline for pact vote. LOS ANGELES  - Disney World unions will vote Thursday on a slightly modified contract proposal, and Walt Disney Co.