- Your Profile
- In the News
- Box Office
- Development
- Production
- Job Market
- Calendar
|
 |
PRESSURE BUILDS FOR EISNER'S RESIGNATION Friday, February 27 2004 
Michael
Eisner's
effort
to
keep
his
job
as
chairman
of
the
Walt
Disney
Co.
was
dealt
another
blow
Thursday
when
five
more
state
pension
funds
said
that
they
would
not
vote
for
Eisner's
reelection
at
next
week's
shareholders
meeting.
In
separate
statements,
representatives
of
pension
funds
in
Connecticut,
Massachusetts,
New
Jersey,
New
York
and
Virginia
said
they
had
lost
confidence
in
Eisner's
leadership
and
called
for
his
removal.
Coming
on
the
heels
of
similar
action
(more)EISNER SLAMMED BY KEY SHAREHOLDER Thursday, February 26 2004 The move by former Disney board members Roy Disney and Stanley Gold to oust Michael Eisner as chairman of the company received a big boost Wednesday when the California Public Employees' Retirement System (CalPERS) announced that it would join other pension funds holding shares in the company that plan not to vote for Eisner's reelection to the board next week. CalPERS is the nation's largest public pension fund and owns about 10 million Disney shares. (more) |
|
|
Stepping up their campaign in advance of Wednesday's shareholders meeting to oust Michael Eisner as chairman and CEO of the Walt Disney Co., former dissident board members Roy Disney and Stanley Gold have sent a new message to shareholders urging them not to vote for Eisner's reelection, thereby sending "an unmistakable message that it is time for a change in the senior management and board of the Walt Disney Co. Tell the board you believe it is time to replace Michael Eisner." As for who might replace Eisner, Gold told Bloomberg News on Monday that "there are five to 10 people who could run this company." Although Gold did not mention any names, Bloomberg quoted unnamed executive recruiters who said that News Corp President Peter Chernin and Interactive Corp. Chairman Barry Diller would probably head the list, followed by Disney President Robert Iger, Pixar Chairman Steve Jobs, Comcast President Steve Burke, DreamWorks principal Jeffrey Katzenberg, Yahoo CEO Terry Semel, Viacom President Mel Karmazin, Time Warner Entertainment and Networks Group Chairman Jeffrey Bewkes, and Universal Studios President and COO Ron Meyer.
