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There is some debate within the business news community about the extent to which reporters should be allowed to invest in the stock market, or in certain companies, when covering them That stock was worth roughly $46,000, based on what it was trading on Monday Bartiromo told viewers that she owned 1,000 shares of Citigroup stock before interviewing Sanford Weill July 21 as part of her weekly prime-time show on the business-oriented cable channel It was comfortable with how the case was handled, Zelvin said Zelvin said there have been other cases where CNBC correspondents disclosed holdings, but she could not cite specific examples CNBC: Bartiromo Complied in Disclosure Jul 28, 2:55 PM EST CNBC says anchor Maria Bartiromo complied with policy in disclosing her ownership of Citigroup stock before interviewing the company's chief executive last week "CNBC's policies are designed to avoid any compromise in our obligations to fair, unbiased reporting and to ensuring compliance with the highest ethical standards," she said If a stock holding is considered an important piece of a correspondent's net worth, the network may require that the correspondent not work on a story about the company, spokeswoman Amy Zelvin said Monday In this case, CNBC didn't consider a $46,000 investment a significant holding for one of its best-known personalities CNBC is owned by the General Electric Co CNBC says its "stringent policies" for employees require lengthy holding periods before selling stock, pre-approval of certain trades, a ban on certain trades and compliance audits Board Nov 30, 10:05 PM EST Disney vice chairman Roy E Disney has resigned from the media conglomerate's board, reportedly calling on chief executive and chairman Michael Eisner to also step down Roy Disney Resigns From Disney Co Disney, the nephew of company co-founder Walt Disney, has been increasingly critical of Eisner's leadership and has called for Eisner's resignation before, a move that was rejected by the board The board's governance and nominating committee has decided not to recommend Disney for another term because he is over the mandated retirement age of 72, the company said Sunday Disney's resignation may be a pre-emptive move to avoid being forced off the board of The Walt Disney Co The full board is scheduled to meet Monday and Tuesday in New York; board membership is on the meeting agenda Disney is the last family member to be active in the company |
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