Hot Air From Not-So-Hot Heir

102

Abigail Disney shows that hatred of Israel is no Mickey Mouse operation:

abigail_disneyAbigail Disney, a descendant of one of the Disney Company founders, said Monday that she is renouncing her share of the family’s profits in the Israeli cosmetics company Ahava, saying it is engaged in the “exploitation of occupied natural resources.”

Disney said she will donate the profits and a sum equal to the worth of her shares to “organizations working to end this illegal exploitation.” Disney, 52, a filmmaker and businesswoman, is the granddaughter of Roy O. Disney, who co-founded The Walt Disney Company with his brother Walt.

Her move, however, has more of a symbolic significance than a financial one. Shamrock Holdings, the family firm in which she is a partner, has invested heavily in Israel, as evidenced by the wide-ranging activity of its Israeli affiliate, Shamrock Israel.

According to various media reports, Shamrock has invested some $400 million in Israeli companies, about a fifth of its capital. Among its holdings is an investment worth at least $12 million in Ahava, which is based in Kibbutz Mitzpe Shalem on the Dead Sea shores, outside Israel’s pre-1967 borders.

“Recent evidence from the Israeli Civil Administration documents that Ahava Dead Sea Laboratories sources mud used in its products from the occupied shores of the Dead Sea, which is in direct contravention to provisions in the Hague Regulations and the Geneva Convention forbidding the exploitation of occupied natural resources,” Disney said in a statement released after informing her family and partners of her decision.

“Because of complicated legal and financial constraints, I am unable to withdraw my investment at this time, but will donate the corpus of the investment as well as the profits accrued to me during the term of my involvement to organizations working to end this illegal exploitation,” she said.

I guess Ms Disney doesn’t have such a problem with real occupation – such as Hamas’ occupation of Disney characters.



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