Posted 11:40 AM by steve

Via, Professor Bainbridge, I see that Pixar is trying to maintain its culture post-merger with Disney...

... which strikes me as a feel-good exercise which will have little bearing post merger. So Pixar included a "Pinciples for Management of the Feature Animation Businesses" as part of the merger agreement... so what? The agreement is between Pixar and Disney and once the sale is complete, Disney owns Pixar... so who has the standing to file a lawsuit if Disney decides later to do something else? Pixar employees are not parties to the agreement, so they have no standing. Likewise, Pixar's shareholders are not parties to the agreement and, in any event, they will have been paid off. Disney's shareholders (including those Pixar shareholders not immediately selling their Disney stock) will still be around and might complain, but the courts have long deferred to management's right to manage the business as they see fit.

The way I see it is Disney can do what it wants when it wants. And Pixar's employees will get to choose whether to stay or quit.

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