Staying ahead of the Clinton tax hike

December 1992
U.S. News & World Report;12/14/92, Vol. 113 Issue 23, p15
Reports that Walt Disney Co. Chairman Michael Eisner and Disney President Frank Wells last week cashed in low-cost options on about 6.6 million shares of stock--selling more than 5 million shares and netting a pretax profit of about $186 million--$126 million for Eisner and $60 million for Wells. Eisner says he had to act now because of President-elect Bill Clinton's expected push for eliminating tax breaks. More on Clinton's tax laws; Disney's stock was dragged down to $1.82 a share.


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