BREAKING NEWS: Pixar Board To Vote on Approval of $7 Billion Take Over From Disney

[Testtrack321]

http://www.telegraph.co.uk/money/ma...d=242&sSheet=/money/2006/01/22/ixcitytop.html

Steve Jobs alone will get $3.5 billion from the sale.

 

[DarkMeasures]

Steve should say yes. And then use all that money to buy shares so he becomes a Disney board member.

 

[Connor002]

I'm still in somewhat disbelief that this is actually happening...

 

[Woody13]

Steve should say yes. And then use all that money to buy shares so he becomes a Disney board member.

Jobs will not get cash in the deal. He will get $3.5 billion worth of Disney shares and a seat on the board of directors. He might even be the chairman of the Disney board. :wave: Disney adopted new governance rules for its board after Eisner gave up his position as chairman. Now, the CEO and all other people working for Disney in operations cannot be on the board of directors (well actually they can be, but then they are not considered to be independent directors).

 

[Computer Magic]

Jobs will not get cash in the deal. He will get $3.5 billion worth of Disney shares and a seat on the board of directors. He might even be the chairman of the Disney board. :wave: Disney adopted new governance rules for its board after Eisner gave up his position as chairman. Now, the CEO and all other people working for Disney in operations cannot be on the board of directors.

I'm hoping Jobs becomes the chairman of the board. It would bring a good balance.

I hope Disney management doesn't get involve in Pixar creative ideas. We all know how that worked it the past

 

[Shaman]

Well thats interesting, I don't really know how I feel about this deal yet.....how soon will we know the vote?

 

[imagineer boy]

PLEASE say yes steve! If Pixar gets bought by Disney, and Jobs gets more control over the Disney empire, this could be the start of a string of great things for Disney.

 

[Woody13]

PLEASE say yes steve! If Pixar gets bought by Disney, and Jobs gets more control over the Disney empire, this could be the start of a string of great things for Disney.

The decision does not rest with Jobs. The Pixar board must make the decision. Reports state that the Pixar board is in favor of the deal. So, it looks like a go.