[ad_1]
According to a MarketWatch report, Sandra Kuba, a former senior financial analyst in Disney's commercial operations division, has released a series of whistleblower advisories to the US Securities and Exchange Commission, claiming that the conglomerate of shows had consistently and overvalued its sales figure for years. up to $ 6 billion in a single year.
The Dow Jones-based corporate press center, which reviewed the documents, said the allegations were about parks and resorts, and included fictitious recipes for free golf games or free promotions, for example . In another case, Kuba accused theatrical park employees of sometimes saving twice the revenue from gift cards or at face value, even though park patrons paid a reduced price.
Kuba said she had sent her complaints to the SEC for the first time in August 2017 and that she would have been fired from her post at Disney a month later, after 18 years of work in the company. ;business. She also filed a reprisal complaint with the Occupational Safety and Health Administration of the Ministry of Labor, MarketWatch said.
Disney's shares began to accumulate gains the day after the release of the report, slightly after 3 pm. Is. The stock ended up slightly higher on Monday, at less than 0.1%, but has since slipped into negative territory after trading hours, down 0.4%. The expanded market ended the trading session in the green, with the S & P 500 up 1.2%, NASDAQ up 1.4% and the Dow Jones Industrial Average up almost 1%.
The SEC declined to comment. Disney has not responded to immediate requests for comment, although MarketWatch's initial report includes an answer from a Disney spokeswoman, calling the claims "totally unfounded" and that Kuba has withdrawn its request challenging his dismissal.
[ad_2]
Source link