Kimmel returned to the air Tuesday night, six days after his remarks about the accused killer of right-wing activist Charlie Kirk.
Several investors in Walt Disney DIS.N on Wednesday asked the media giant to share documents about its decision to suspend Jimmy Kimmel‘s show last week for inspection.
Kimmel returned to the air Tuesday night, six days after his remarks about the accused killer of right-wing activist Charlie Kirk provoked social media outrage and pressure from the Trump administration.
In a letter to the company, lawyers for the American Federation of Teachers, U.S. labor federation AFL-CIO, and Reporters Without Borders requested Disney to turn over records related to Kimmel‘s suspension.
The demand seeks to probe potential wrongdoing, mismanagement and fiduciary breaches by the Disney board and its leadership, according to the letter.
Unfortunately 90% of the stock market is owned by the wealthiest 10%. Which explains why it’s now a terrible overall measure of how the economy is doing.
If it’s only the wealthy buying, the system collapses, because they’re not bilking money off that 10%…
What drives the price up is “normal people” (the last remenants of the middle class) are chasing the trends the rich set. If Warren buffet buys 100 mil of a stock, people follow his lead, the price goes up, and he makes money just because people think he knows what he’s doing.
So he sells, and the price goes down. The people he sells to, are often the ones trying to follow him. And they might not hold onto that stick, especially if they start consistently lossing value in it. So you can’t look at who holds the most at an average time, it’s about turnover.
It’s a grift to funnel wealth to the wealthiest, so if only the wealthiest invest, it quickly becomes the Sneeches.