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.
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