Here is a link to an article that includes the full response:http://www.deadline.com/2013/01/disney-bob-iger-magicband-co...Personally I am fine with the response and don't agree with your interpretation.First like happens many times these days with Congressman they tend to showboat and based on Iger's account of what happened this was totally showboating. I mean come on didn't your Mom even teach you that you ask a person for something in private first before you make a public specticle of yourself. If Iger had been approached but this committee and turned them down you would have a point but apparently nobody ever contacted Iger or Disney before going to the press with a letter.Second Disney is in the children business this is their audience. So when a Congressman starts accusing Disney of exploiting Children they are basically saying this company that is about making kids happy and giving kids wonderful experiences is really using and abusing them that is a serious inference. I think that the best response Disney could make to such a charge is to come off strong. Disney can not let it float around the underground and rumor mills of mothers that you better watch out for Disney because they are going to track your child, get all sorts of information on them and then exploit them. So I say I am glad that Iger stood up to the showboating Congress.Now if Congress really had any real concerns they have the power to fire right back at Iger and get the information and do what is needed to protect children and the public at large. But my guess is that I am guessing this showboating Congressman is embarassed and will probably go and hide and realize his showboat didn't work today.Moe
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat