Shamrock Holdings
Shamrock Holdings is the firm founded as the Roy E. Disney (January 10, 1930 – December 16, 2009) family investment firm and the Disney family remains a key investor. Roy was its chairman, and Stanley Gold its President/CEO. Shamrock owns a number of assets including hotels and radio and television stations. Shamrock often takes an aggressive strategy, launching hostile takeovers. In 1988 and 1989, it pursued Polaroid, ultimately failing to take over the company but winning concessions such as an advertising deal for its television stations.[1] In July 2006 one of Roy E. Disney's daughters, Abigail, became Vice Chairman of Shamrock. Shamrock is a private corporation, owned 100% by the estate of Roy E. Disney.
From 2003 to 2005, Shamrock was an instrumental force in the SaveDisney campaign and the ouster of Michael Eisner as CEO of The Walt Disney Company.[2]
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According to Reuters, in 1984 Shamrock held 1,428,061 (or just over 4%) of all Disney stock.[3]
As of 2003 Roy E. Disney held about 1% of Disney stock through Shamrock Holdings. This made him the third largest individual stakeholder of Disney stock.[4]
Shamrock Holdings bought a 5.5% stake in Texas Industries in 2008.[5]
[edit] References
- ^ Cole, Robert J. (March 28, 1989). "Polaroid Payout Plan Helps It Reach Shamrock Accord". The New York Times. http://www.nytimes.com/1989/03/28/business/polaroid-payout-plan-helps-it-reach-shamrock-accord.html. Retrieved May 23, 2010.
- ^ "Shamrock's Comments to SEC". http://www.sec.gov/rules/proposed/s71903/shamrock032304.htm.
- ^ "Shamrock holding 4.1% of Disney Stock, Reuters, April 12, 1984". The New York Times. April 12, 1984. http://query.nytimes.com/gst/fullpage.html?res=9F05E0D71738F931A25757C0A962948260&n=Top%2fReference%2fTimes%20Topics%2fPeople%2fD%2fDisney%2c%20Roy%20E%2e. Retrieved May 23, 2010.
- ^ "Shamrock holding 1% of Disney Stock, USA Today Article, Dec 2003". http://www.mywire.com/pubs/USATODAY/2003/12/02/373895?extID=10051.
- ^ Disney family firm buys 5.5% of TXI
