In a short article from the Los Angeles Times today, “[Roy and Stan] opposed Comcast Corp.’s $50-billion bid for the Burbank entertainment giant as too low. In a letter to company shareholders Friday, Roy E. Disney and Stanley P. Gold said the Philadelphia-based cable operator’s bid substantially undervalued the company. But the two used the letter as another opportunity to criticize Eisner in their escalating battle against the executive, saying Comcast’s bid underscored how undervalued Disney had become on Eisner’s watch. Disney directors also have stepped up their criticisms of Gold and Roy Disney in recent days, giving Eisner a vote of confidence and noting that as directors the two went along with many of the policies and strategies they are now criticizing. Gold and Roy Disney are urging shareholders to withhold votes from Eisner and three other directors at the company’s annual meeting March 3 in Philadelphia, citing the company’s long-term earnings and stock performance. Disney directors counter that Eisner had engineered a turnaround that is evident by the company’s improving profit and stock price.”
Roy Disney, Stan Gold Call Comcast Bid Low