Marketplace PM for August 9, 2005
A Delaware judge ruled this afternoon the Walt Disney company and its board did nothing wrong when they gave former company President Michael Ovtiz $140 million to go away. Shareholders claimed that chairman Michael Eisner and the Disney board of directors weren't looking out for their investors as the law requires. But that's not the way the judge saw it. Jeff Tyler reports.
Securities law experts are calling the Disney decision the biggest executive compensation case in ten years. Lawyer and commentator David Skeel says today's court decision lets more than just Disney's directors off the hook.
More than half of the publicly-traded companies in this country make their corporate homes in the state of Delaware; it's one of the few that let businesses incorporate without actually being there. The documents are in Delaware, but only Delaware-ians can see 'em — for now. From WHYY, Aries Keck reports.
William Goetzmann is a professor of finance at Yale, which is home to a collection of economic antiques. He and his colleagues have just published what may be a first: a coffee-table book for economists. He talks to host Kai Ryssdal.
Most of the world's phone lines are still made of good old copper wire. In southern Africa, copper is relatively cheap, easy to work with. And in the roadside markets of Swaziland — it's mostly stolen. Megan Williams reports.
Apple launched its iTunes music service in Japan late last week. Just a couple of days later, it's sold a million songs. What's next? Marketplace's Stacey Vanek Smith reports.