Darkbeer
01-31-2003, 01:46 AM
Eisner Critic Losing Seat on Board of Directors (http://www.latimes.com/news/politics/la-fi-disboard31jan31,0,857837.story?coll=la-headlines-politics) - Los Angeles Times, 1/31/03
QuikQuote: Despite the claim of unanimity, Disney directors interviewed for this report said the specific vote on Van de Kamp's removal was a split one. They said four of the company's 17 directors objected, while at least three abstained. The disclosure comes at a sensitive time for Disney, which has been lauded over the last year on Wall Street and by shareholder groups for taking steps to improve corporate governance. In particular, the company has addressed criticism that its board has had too many directors with personal ties to Eisner.
According to directors interviewed, Eisner called Van de Kamp in Jan. 20 to tell her that she would no longer serve on the board because it was being trimmed from 17 to 13 members. The directors said Van de Kamp complained, resulting in a tense discussion between the two.
QuikQuote: Despite the claim of unanimity, Disney directors interviewed for this report said the specific vote on Van de Kamp's removal was a split one. They said four of the company's 17 directors objected, while at least three abstained. The disclosure comes at a sensitive time for Disney, which has been lauded over the last year on Wall Street and by shareholder groups for taking steps to improve corporate governance. In particular, the company has addressed criticism that its board has had too many directors with personal ties to Eisner.
According to directors interviewed, Eisner called Van de Kamp in Jan. 20 to tell her that she would no longer serve on the board because it was being trimmed from 17 to 13 members. The directors said Van de Kamp complained, resulting in a tense discussion between the two.