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DISNEY PRESSED FOR INJURY INFO.


Byline: Evan Pondel Staff Writer

BURBANK - A portfolio management group with a stake in The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966)
Disney, Walter Elias Disney
 Co. has asked for a shareholders vote that could require the media juggernaut Juggernaut, India: see Puri.

Juggernaut

(Jagannath) huge idol of Krishna drawn through streets annually, occasionally rolling over devotees. [Hindu Rel.: EB, V: 499]

See : Destruction
 to publicly disclose its theme park injuries and settlements.

Harrington Investments Inc., a small Napa Valley-based firm, began sending letters to Disney last September requesting information about costs incurred from park injuries.

``We also wrote them in February and we still haven't gotten any response,'' said John Harrington The name John Harrington refers to several people:
  • John Harrington (hockey player), American Olympic hockey player who was involved in the 1980 Winter Olympics' famed "Miracle on Ice"
  • John Harrington (Red Sox CEO)
, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the investment company that manages more than $130 million in assets.

The company holds 5,000 shares in Burbank-based Disney and expects to see a vote via proxy around the annual shareholders meeting in March.

``We want to look at Disney a little more critically in terms of their medical response,'' Harrington said.

Disney officials acknowledged they've received Harrington's letters but haven't articulated their next move.

``As with any shareholder we will be in communication with Mr. Harrington to address the necessary procedural requirements,'' Disney said in a statement. ``The safety of our guests is of paramount importance to the Walt Disney Company and has always been one of the cornerstones of the operating practices and philosophy of our theme parks and resorts business.''

In October, Disneyland told ride attendants to directly call 911, rather than a park telephone center, after a 4-year-old boy from Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country,  was critically injured on Roger Rabbit's Car Toon Spin.

For Harrington, instances like these have prompted him as an investor and parent to scrutinize Disney's policies regarding safety.

In 1997, a 17-year-old daughter of Harrington's friend was killed after she and several others crammed themselves onto a water slide in Concord. The slide collapsed, killing the girl.

While Harrington agrees there's personal experience tied to his motives, some industry experts don't believe Disney needs to spell out the cost of theme park injuries.

``All I care about is the financial impact, not who's winning lawsuits,'' said Laura Martin Laura DePuy Martin is an artist who has worked as a colorist in the comics industry. She has been recognized for her work with the Comics Buyer's Guide Favorite Colorist Award in 2001, 2002, 2003 and 2004. , an entertainment analyst with CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. .

Martin said theme parks only account for about 30 percent of Disney's revenue, and losses attributed to settlements are probably less than $10 million.

For decades, the theme park industry has resisted oversight, leaving California officials with no right to inspect rides, be informed of accidents or investigate them.

In January 2000, California became the 41st state in the nation to regulate theme park rides, following two guiding principles: Parks must report accidents, and those involving serious injury are investigated, said Susan Gard, a spokeswoman with the Division of Occupational Safety and Health.

Guard said amusement parks This page contains a list of amusement parks by
  • region, and
  • links to amusement parks listed alphabetically, beginning with the name of the park. The size of the list has required it to be broken into separate pages:
 in California have to report all injuries and accidents. Once the injury is reported, the division will send investigators to the theme park.

``The program is up and running and it's working very well,'' said Len Welsh, special counsel with the division.

Parks began reporting accidents last year to OSHA's Anaheim District office, which covers Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . By year's end, seven were reported.

Disney shares declined 35 cents, or 1.4 percent, to close at $25.41 Wednesday.
COPYRIGHT 2001 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Aug 30, 2001
Words:509
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