Walt Disney Co. sees no material impact on earnings from stock options grants at Pixar Animation Studios. Disney purchased Pixar earlier this year.
“We aren’t aware of any basis at which Pixar options would have a material impact on our earnings,” said Disney Chief Financial Officer Tom Staggs in a conference call.
More details via Reuters here.
“Top executives of Pixar Animation Studios have received stock-option grants priced at the shares’ annual lows, according to a media report Tuesday. According to a review of proxy statements for Pixar, which was acquired by Walt Disney Co. this year, executives received these grants in four years between 1997 and 2003, The Wall Street Journal reported in its online edition,” MarketWatch reports. “The report added that Steve Jobs, founder of the animation company and chief executive of Apple Computer Inc., did not receive Pixar options, while Edwin Catmull, a Pixar co-founder, received one of the grants.”
Full article here.
Related article:
Pixar options draw scrutiny – August 08, 2006
Apple stock options scandal? What scandal? – August 07, 2006
Class action lawsuit over stock options filed against Apple Computer, Inc. – August 04, 2006
Wall Street forgiving of Apple’s stock option irregularities; CEO Jobs unlikely to be terminated – August 04, 2006
Apple’s stock option irregularities escalate into a scandal as world awaits Steve Jobs’ WWDC keynote – August 04, 2006
Apple warns of profit restatement dating back to 2002 – August 04, 2006
Apple loses 3.5% to $67.15 in premarket trading – August 04, 2006
Apple announces update regarding stock option grants – August 03, 2006
Shareholder’s options suit against Apple alleges ‘striking pattern that could not have been chance’ – July 11, 2006
Apple announces update regarding stock option grants – July 05, 2006
UBS: stock options probe unlikely to hurt Apple – June 30, 2006
Apple joins growing list of companies entangled in stock option ‘irregularities’ – June 29, 2006
Apple to investigate stock option grant ‘irregularities’ made between 1997 and 2001 – June 29, 2006
5 Day Most Commented