Word: disneyized
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Protesters paused to picket in front of the Guess? and NikeTown stores on Newbury Street. Near the end of the march, a small group of protesters managed to get past guards at Copley Place to picket in front of the Disney Store inside the mall before turning back under threat of arrest by the Boston Police...
Managers at the Disney Store at Copley Place and the Guess? shop on Newbury Street refused to comment on the protest...
...consumer company that fusses over its "guests," Walt Disney Co. can treat its shareholders as if they'd been caught littering the Magic Kingdom. Its CEO, Michael Eisner, already a model for runaway executive pay, made investors livid last year by running up a $100 million tab in hiring and firing Michael Ovitz. More recently the stock has lagged the market, dogged by boycotts by religious groups protesting everything from racy movies to personnel policies and, potentially far worse for shareholders, by concerns that the formula for the Mouse's wholesome animated films has grown stale. Never mind that Disney...
...what amounts to a small gesture by Eisner is a very big deal for do-it-yourself investors. Direct-stock-purchase programs are a dirt-cheap way to invest small sums on a regular basis in some of the world's best companies--and, yes, that would still include Disney. The programs let you buy stock directly from the company, saving the brokerage commission. If you have $50 or $100 a month to invest for the long haul, direct-purchase programs are a great vehicle...
...Disney program, revamped, is typical in that it levies some nagging fees: $10 to enroll, $5 plus 4[cents] per share on each purchase by check, and varying charges on shares bought via reinvested dividends. That last fee really irks me. Few programs charge to reinvest dividends. But, hey, somebody has to pay for Eisner's limo. Even with the fees, though, there is no cheaper way to buy Disney stock. Eisner is adding Disney to a roster that includes Exxon, Ford and Gillette, but the real benefit is that he will open a floodgate that other companies will probably...