Disney’s dodgy boyfriend problem
For the second time in just over a year another boyfriend of a Disney staffer has been accused of insider trading.
Yesterday, hedge fund manager Toby G Scammell (seriously, that’s his name, you couldn’t make this stuff up) was sued by Federal regulators who alleged he used secret information obtained from his girlfriend to make $192,000 off the Walt Disney Co’s $4 billion acquisition of Marvel Entertainment in 2009.
Scammell’s girlfriend of two years was an intern in Disney’s corporate strategy department and worked for six months on the deal.
Last year an executive assistant to Disney’s corporate communications head Zenia Mucha got caught up in a similar pile of insider mess. Bonnie Hoxie and her boyfriend Yonni Sebbag were sentenced earlier this year after sending emails and form letters to some 33 investment firms offering to sell inside information from Disney’s quarterly earnings and tips about plans to sell its ABC TV network to private equity firms.
Disney, known for its buttoned-down, loyalty-first corporate culture particularly under Bob Iger, might want to start researching staffers’ relationship status more deeply during the recruitment process.