Don't mess with Texas

The state board of education divests itself of Disney, but will other state agencies follow Texas' lead?

Many individuals and organizations are boycotting the company that had been America's symbol of family values. Here's a look behind the thinking of one group that last month dumped its Disney stock, the Texas State Board of Education:

Jack Christie, chairman of the Texas State Board of Education and the father of three children, has made six visits to Disneyland or Disney World. But after watching a 45-minute videotape from the American Family Association, titled Dumping Disney: How Texas is Bankrolling the Disney Empire, he's a fan no more-at least not of one Disney subsidiary. And what he saw led him to recommend successfully a total divestiture of $43 million in Disney stock by the state agency that manages investments of school funds.

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