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Wednesday, March 05, 2008

Disney Not Putting “Path To 9/11” On DVD Because Of Hillary’s Campaign?

That’s the case some Disney stockholders are making as they demand the company sell the DVD.

As reported in The Wall Street Journal, political considerations surrounding the presidential bid of Hillary Clinton seems to be blocking sale of the DVD. A producer of the program was told, “If Hillary weren’t running for president, this wouldn’t be a problem.”

“Neither personal nor presidential politics should be a reason to deny shareholders a potential source of revenue,” said Tom Borelli of Action Fund Management, the investment adviser to the FEAOX. “By refusing to sell ‘The Path to 9/11,’ CEO Robert Iger may be putting his personal politics ahead of shareholder profits,” Borelli added.

Iger is a big backer of Hillary Clinton.

As a private company, Disney can decide to publish (or not publish) whatever movies they want on DVD.  But certainly Iger has a duty to generate profits for Disney’s shareholders, and that duty trumps his personal political leanings.

Comments

Um… but Disney isn’t a private company.  They’re a public company and their shareholders have a right to have a say in how the company is managed.


Fileitunder.com

Hoodlumman on March 5, 2008 at 03:57 pm

They’re a private company, as opposed to a govt-run company.  The CEO isn’t supposed to be a dictator, but since this guy is obviously a leftie, and lefties like to be totalitarian, it makes sense that he would ignore his stockholders for political purposes.  Ditto Pinchie Sulzberger.


If you don’t know by now, don’t mess with it.

robert108 on March 5, 2008 at 04:09 pm

Well, they’re also a public company as opposed to a privately held company.  So I won’t let semantics get in the way of the point, which r108 nailed.


Fileitunder.com

Hoodlumman on March 5, 2008 at 04:13 pm

Hoodman: It’s more than a semantic difference; the term “public company” means something different in our system.  It’s not the same as being in the public sector.  Just wanted to clarify that.  The CEO isn’t responsible to the general public, just those who have invested in the company.


If you don’t know by now, don’t mess with it.

robert108 on March 5, 2008 at 04:34 pm

Maybe they couldn’t decide if they should label it “Comedy” or “Science Fiction”


“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Mark D on March 5, 2008 at 04:44 pm

Yes, as CEO his responsibility should be to the shareholders. If he’s not meeting those responsibilities to the shareholders satisfaction then it’s their responsibility to throw his pinko butt out. I, for one, haven’t bought a Disney World pass in years preferring to spend my money in Universal Studios Theme Park and other major attractions in the Sunshine State. Hope this helps Disney shareholders make a decision.

Harvey Levy on March 5, 2008 at 04:58 pm

The Tribune called it the “Stupid Investment of the Week ... Strip away the rhetoric, and you’re getting a very expensive, underperforming index fund, while Milloy and partner Thomas Borelli get a platform for raising their pet issues. ... An expense ratio capped at 2 percent--ridiculously high for a portfolio of corporate giants--makes stock market returns unrealistic. From inception on March 1 of last year through Dec. 31, Free Enterprise Action returned 2.32 percent; the S&P 500 returned 4.72 percent. That’s ugly.”

Steven Milloy - a climate skeptic and a paid advocate for Phillip Morris, ExxonMobil and other corporations

WOOF on March 5, 2008 at 05:04 pm

If he’s not meeting those responsibilities to the shareholders satisfaction then it’s their responsibility to throw his pinko butt out.

Absolutely.

Woof: Another off-topic attempt at distraction from you.


If you don’t know by now, don’t mess with it.

robert108 on March 5, 2008 at 05:11 pm

How many shares do you think the CEO of Disney owns ?
The Verklempt Fund?

Send ‘en some money Rbot.
Hostile takeover time?

WOOF on March 5, 2008 at 05:46 pm

Woof: A change of pace from you: distraction, changing the subject, personal attack and namecalling.  Actually, I was wrong; it’s the same old thing from you:  SSDD.


If you don’t know by now, don’t mess with it.

robert108 on March 5, 2008 at 05:58 pm

Steven Milloy - a climate skeptic and a paid advocate for Phillip Morris, ExxonMobil and other corporations

Just because someone is a global warming skeptic doesn’t make them wrong. I have regular conversations with two global warming skeptics. One has a degree in meteorology from the 2nd most prestegious meteorology school (Florida State), and the other has a degree from the one school more prestegious in that field(Pennsylvania).

The science about global warming IS settled except with two groups of people:

1. Climatologists

2. Atmospheric Scientists

Wing Chun Geologist on March 5, 2008 at 08:14 pm

A producer of the program was told, “If Hillary weren’t running for president, this wouldn’t be a problem.”

I don’t see why this would be a problem even if Hillary was running. It’s not like they’re putting it on TV again. If a video is simply made available to purchase, then any possible viewers have to go out of their way to see it.

If hollywood wants to stop sales of Path to 9/11 on the grounds of the election then there are a lot of movies that would be prejudicial to the voters. How about keeping Rendition, Redacted, Lions for Lambs, and anything with George Clooney or Sean Penn out of the video stores.

This just makes no sense.

Wing Chun Geologist on March 5, 2008 at 08:59 pm

Steven Milloy is an Exxon paid climate skeptic. A Heritage Foundation backed fund mgr.
Catch the bias?

The fakeumentary was aired with no
commercial advertiser willing to be associated with it.
Disney likely sees it as others did, harmful to its profits.

WOOF on March 5, 2008 at 09:36 pm

Woof: Again and again, you demonstrate your intellectual dishonesty.  Here we have a leftie CEO censoring a documentary for poltitical reasons, and you attempt to change the subject by smearing someone else, who hasn’t censored any documentaries for political reasons.  Non sequitur.

Do you have any evidence for calling “The Path to 9/11” a “fakeumentary”?  Or is it just your usual no-content namecalling?


If you don’t know by now, don’t mess with it.

robert108 on March 5, 2008 at 10:09 pm
Avatar for todd

But certainly Iger has a duty to generate profits for Disney’s shareholders

No. Unfortunately for you, we’re a capitalist society. His actions require no sanction; he owes no duty to anyone.
todd on March 6, 2008 at 12:44 am

...he owes no duty to anyone.

Unfortunately for you, we are a capitalist society. He owes a duty to the shareholders.

Mark D, WOOF - can you back up your charges? Just wondering.

likwidshoe on March 6, 2008 at 05:17 am

Steven Milloy is an Exxon paid climate skeptic. A Heritage Foundation backed fund mgr.

Richard Lindzen of MIT is probably the most brillian atmospheric physicist on the planet, and he has been called an “Exxon paid climate skeptic” simply because he dissagrees with the hypothesis of anthropogenic global warming. Thinking that global warming is part of a natural cycle is not evidence of being wrong.

Wing Chun Geologist on March 6, 2008 at 04:45 pm
Avatar for Disney Movies

i wrote the same topic before in my blog too;

10x for it.

Disney Movies on May 29, 2008 at 05:15 pm
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