I'm very concerned about the results of the recent audit of the Reedy Creek Improvement District (RCID) by the Central Florida Tourism Oversight District (CFTOD). The sources I'm listening to say Disney could be on the hook for hundreds of billions in penalties and fines. Activist investors (Nelson Peltz and crew) can push Iger out, change the Board of Directors, and anything else they want, but if the government (state and/or federal) goes after Disney for the various crimes asserted in the audit, they could be in a whole world of hurt.
__________________
"This world hasn't been the same since they brought the outside john indoors." - Skip Smith
|