Walt Disney lied to investors, to shareholders about making money on Star Wars, and they ate it up.

I can't believe this.

Hey, everybody.

I'm Steve Green with Bill Whittle and Scott out, and this is Right Angle, brought to by the members of Bill Whittle.com.

Gentlemen, this story just blew me away.

You know, they've been in this proxy fight with keeping the board how it is and losing all the money on all the

things well last month this is in april the mouse house released a detailed 67 page report for

investors that this is a quote singing the praises of its chief executive bob iger in a bid to convince

stockholders decide with him in a battle with activist investors,

as Forbes Caroline Reid put it, and Disney ended up prevailing over the activists. Nelson Peltz,

I believe his name is. That sounds right now. Yeah, I think that's it. I tried to download the file, the 67-page document.

The link is dead.

It just goes to the Disney homepage, so I couldn't read this myself.

I had to rely on Reed's analysis of it.

It's a bit technical, but the upshot, gentlemen,

is that when calculating the studio's return on investment on things

like Star Wars and the Marvel movies, The Avengers, Disney didn't factor in the $4 billion acquisition

cost to buy Lucasville. And apparently it's a lot easier to show a profit if you leave out a major multi-billion

dollar expense.

I'm no accountant, but that's the way it looks to me.

And the critical drinker, who it's courtesy of him that I found this, said there's fudging

the books and then there's just

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