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To: StockDung who wrote (88899)12/20/2004 12:22:40 PM
From: scion  Respond to of 122087
 
SEC charges Disney with disclosure violations
By FT Reporters
Published: December 20 2004 15:20 | Last updated: December 20 2004 15:20

US regulators on Monday charged Disney with violating disclosure rules, including failing to tell shareholders that three children of directors had been taken on to the company payroll.

The Securities and Exchange Commission said it had settled with Disney through a “cease and desist” order, whereby the company agrees there will be no future violations of the reporting requirements of federal securities laws.

The SEC said the company failed to disclose in proxy statements and annual reports between 1999 and 2001 certain related party transactions between Disney and its directors, and that it failed to disclose certain compensation paid to a Disney director.

“Shareholders have a significant interest in information regarding relationships between the company and its directors,” said Linda Chatman Thomsen, the SEC’s deputy director of enforcement. “Failure to comply with the SEC’s disclosure rules in this area impedes shareholders’ ability to evaluate the objectivity and independence of directors.”

The SEC said Disney failed to disclose that the company employed three children of its directors, who received annual compensation ranging from $60,000 to more than $150,000.

In addition, Disney did not disclose that the spouse of another director was employed by a subsidiary 50 per cent owned by Disney and received compensation in excess of $1m dollars annually, the SEC said. It also charged Disney with failing to reveal to shareholders that it made regular payments to a corporation owned by a Disney director that provided air transportation to that director for Disney-related business purposes, and that it failed to reveal that it provided office space, secretarial services, a leased car, and a driver to another Disney director, services valued by the company at over $200,000 annually.

Disney consented to a cease and desist order without admitting or denying the commission’s findings, the SEC said.

news.ft.com



To: StockDung who wrote (88899)12/20/2004 1:48:38 PM
From: rrufff  Respond to of 122087
 
Strong argument for tort and class action reform. I don't know enough about how google works. Does this mean every time I do a search on Celebrex, these class action guys have to pay $4? Sounds like a good possibility for more scams and counter scams.

Attorneys bid up keyword 'Celebrex'

By Bambi Francisco, CBS.MarketWatch.com
Last Update: 12:07 PM ET Dec. 20, 2004


SAN FRANCISCO (CBS.MW) - Keywords can be like momentum stocks.



They can triple in day or two, especially when personal-injury lawyers get involved.

That's the case with the keyword Celebrex, the name of Pfizer's (PFE: news, chart, profile) best-selling arthritis drug. Last Friday, the Food and Drug Administration said it was considering regulatory measures that could require Pfizer to put warnings on the label or withdraw the drug in the U.S.

That day, the keyword Celebrex was worth 95 cents to advertisers on Yahoo's (YHOO: news, chart, profile) Overture.

As this column noted on Friday, this keyword might become one of the hottest keywords to bid on.

Indeed, it was. By Monday morning, the keyword was $4.02, and climbing.

Moreover, on Friday, there were no personal-injury attorneys using this keyword to advertise. On Monday, the top five advertisements came from attorneys seeking to represent potential Celebrex victims.

Advertisers bid on keywords on Overture and Google (GOOG: news, chart, profile) to get top placement on a search-results page. The placement is good for the destination site as well as distribution partners, like Ask Jeeves (ASKJ: news, chart, profile) and Time Warner's (TWX: news, chart, profile) AOL. It has become a commonplace method for companies seeking to market their wares.

If past is prologue, Celebrex may top $10, as attorneys seek to capitalize on the opportunity to target one of the world's most profitable drug companies. Pfizer is expected to have more than $50 billion in sales and roughly $15 billion in profit this year.

The same thing happened when Vioxx, Merck's $2.5 billion arthritis and painkiller drug, was withdrawn in September. As soon as the news broke, law firms seeking Vioxx takers to represent in lawsuits against Merck (MRK: news, chart, profile) began bidding on the term Vioxx.

The term Vioxx, which started at $2 prior to the Merck announcement, soared to more than $40 within weeks. The term Vioxx is worth about $9 today.

Paid search isn't new, but the immediacy of the ads going up underscores the real-time and personalized nature of this marketing channel. And, increasingly, paid search has proved to be one of the best ways to target and find specific buyers, or in this case, possible victims.

Paid search has been the fastest-growing segment in the online advertising business. Paid search shot up 182 percent in 2002, and rose to $2.5 billion by 2003, or about a third of the online ad pie, according to Thomas Weisel Partners. TWP also estimates that paid search will be half the total ad pie by 2008, implying an annual growth rate of 21 percent.

Currently, paid search accounts for 35 percent of U.S. Internet advertising. And, Internet advertising accounted for 3 percent of the total U.S. advertising pie in 2003, according to Morgan Stanley.

You can receive this column via e-mail. Sign up for Bambi Francisco's newsletters.

You can also subscribe to Net Sense, Bambi's weekly commentary.




To: StockDung who wrote (88899)12/20/2004 5:41:08 PM
From: tool dude  Read Replies (1) | Respond to of 122087
 
Someone from Yhoo mail had this poem - I stole it as its just too sobering to stay in my box and not shared!

A great poem with an important
message...............................
A Christmas Poem for All Americans

The embers glowed softly, and in their dim light,
I gazed round the room and I cherished the sight.

My wife was asleep, her head on my chest,
My daughter beside me, angelic in rest.

Outside the snow fell, a blanket of white,
Transforming the yard to a winter delight.

The sparkling lights in the tree, I believe,
Completed the magic that was Christmas Eve.

My eyelids were heavy, my breathing was deep,
Secure and surrounded by love I would sleep.

In perfect contentment, or so it would seem,
So I slumbered, perhaps I started to dream.

The sound wasn't loud, and it wasn't too near,
But I opened my eyes when it tickled my ear.

Perhaps just a cough, I didn't quite know,
Then the sure sound of footsteps outside in the snow.

My soul gave a tremble, I struggled to hear,
And I crept to the door just to see who was near.

Standing out in the cold and the dark of the night,
A lone figure stood, his face weary and tight.

A soldier, I puzzled, some twenty years old,
Perhaps a Marine, huddled here in the cold.

Alone in the dark, he looked up and smiled,
Standing watch over me, and my wife and my child.

"What are you doing?" I asked without fear,
"Come in this moment, it's freezing out here!"

"Put down your pack, brush the snow from you sleeve,
You should be at home on a cold Christmas Eve!"

For barely a moment I saw his eyes shift,
Away from the cold and the snow blown in drifts,

To the window that danced with a warm fire's light,
The he sighed and he said, "It's really all right,
I'm out here by choice, I'm here every night."

"It's my duty to stand at the front of the line,
That separates you from the darkest of times.

No one had to ask or beg or implore me,
I'm proud to stand here like my fathers before me.

My dad stood his watch in the jungles of 'Nam,
And now it is my turn and so, Here I am.

I've not seen my own son in more than a while,
But my wife sends me pictures, he's sure got her smile."

Then he bent and he carefully pulled from his bag,
The Red, White and Blue....an American Flag.

"I can live through the cold and the being alone,
Away from my family, my house and my home.

I can stand at my post through the rain and the sleet,
I can sleep in a foxhole with little to eat.

I can carry the weight of killing another,
Or lay down my life with my sister and brother
who stand at the front against any and all,
to ensure for all time that this flag will not fall.

So go back inside," he said, "harbor no fright,
Your family is waiting and I'll be all right."

"But isn't there something I can do, at the least,
Give you money," I asked, "or prepare you a feast?"

It seems all too little for all that you've done,
For being away from you wife and your son."

Then his eyes welled a tear that held no regret,
"Just tell us you love us, and never forget
To fight for our rights back at home while we're gone.
To stand your own watch, no matter how long.

For when we come home, either standing or dead,
To know you remember we fought and we bled
is payment enough, and with that we will trust,
That we mattered to you as you mattered to us.


Friends, keep Our military people in your prayers. They are
risking their lives to protect what we take for granted, and we are
losing soldiers every day. They won't be home with their families
this
Christmas. I pray God will Bless Them, and keep them safe.



To: StockDung who wrote (88899)12/21/2004 12:09:20 AM
From: Graystone  Read Replies (1) | Respond to of 122087
 
Looking for trouble flodyie ?
or
OK, I won't hire that guy for sure.

I gotta wonder what you are doing when you smack those lawyer types like that. I know you have good armour that way so I have to believe it is safe for you to say that.

Are you trying to get him to sue you ? <s>

In any event, I always look through your posts and note the names of the alleged bad guys and then if I find they are involved with any alleged investments, I refuse to spend any of my alleged funds, this is only an allegation mind you. You should consider a condensed style that just lists the names of the alleged bad guys and the alleged investment opportunity, then the details could be PM'ed to those who wanted to argue the merits of the particular bad you have identified.