Disney has been leading the pack in reforming the way it individually does business; if Eisner would take the initiative to urge the SEC and Congress towards mandatory reform, that would not only raise his standing with investors but might even give people confidence that Disney won't go the way of WorldCom or Enron.I have to say Alice that you hit the nail square on the head. Disney took the first step by announcing the restructuring of it's board of directors and by changing the way it does business with it's accountants. Eisner should now take the next step and back the necessary SEC reforms in order to restore investor confidence in this company and the market in general. The first two steps taken by Disney generated a lot of positive press for the company and further action on these issue would do the same.Disney has a long tradition for being a company that others would strive to emulate. Disney's management and customer service training were world renown. I say it is time to take leadership and to once again be an organization with the highest standards of business practices. Disney could be the example that people look to when they want to see the "best" run company in the world. Disney once had this kind of reputation and with some concerted effort on the part of Disney's leadership they can use this current period of negative market sentiment to be the example of positive and responsible corporate governance.
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