View Full Version : A new voice says NO!
02-25-2004, 01:06 PM
In this (http://www.forbes.com/newswire/2004/02/25/rtr1275958.html) forbes article. a wall street advisor is saying to vote against Eisner in the shareholders meeting.
02-25-2004, 01:09 PM
I think that's pretty significant, since Eisner, Mitchell, Estrin, and one other board member whom I can't recall at the moment gave Glass, Lewis a full-court press after Roy and Stan had already talked to them. So all the damage control and getting last licks didn't do them any good. It seems that things are starting to look dicey for Mikey.
02-25-2004, 01:14 PM
May good triumph over Eisner, oh, sorry, I meant evil. :fez:
02-25-2004, 03:07 PM
Pirate girl: beautiful... may I suggest you add that to your sig line? It's CLASSIC!
02-25-2004, 03:34 PM
I just got a CBS Marketwatch update quoting the Disney co as saying the Glass Lewis company was an"upstart" one which is holding a "sideshow" with their rec's against Eisner, and that their info was flawed. I wonder if they were this hostile to them in person, back when they were busy trying to win them over?
02-25-2004, 03:47 PM
"...laced with one-sided allegations and opinions," according to spokeperson.
Oh gosh, an shareholder advisor with an opinion?? That's the best it could come up with?
02-26-2004, 09:58 AM
Well, only 6 more days to the vote, and then we can sing "Ding Dong the Witch is Dead"! :~D
02-26-2004, 10:20 AM
I'm not sure how many shares this includeds but I read in a new forbes article that "New York State Comptroller Alan Hevesi plans to vote state pension fund shares against re-electing Walt Disney Co. Chief Executive Michael Eisner." It could be promising. Here's (http://www.forbes.com/newswire/2004/02/26/rtr1277344.html) the article if anyone is interested.
02-26-2004, 06:11 PM
Update: the New York State Common Retirement Fund owns 8.7 million shares of Disney.
02-26-2004, 06:55 PM
Between the Common Retirement Fund and the Teacher's Retirement System, New York State controls about 0.8 percent of Disney. CalPERS controls about 0.5 percent. I'm uncertain what CalTSRS(?) controls. But that's quite a chunk for just a few funds, considering that there are over 2 billion shares out there. (Oh, and remember to add in Roy's 1 percent.)
02-26-2004, 07:28 PM
I had been trying to track down the proxy or fund manager for Wa State Retirement Systems, and was getting nowhere. I did find out that they are invested in the WDC and Comcast, and I gave the info to the Mackenzie group (from the SaveDisney site) to see if they could help. I spoke to a gentleman there today who said that he was able to ascertain that our fund will vote as the ISS advises.:) So, count Wa state in on Roy and Stan's side, too. Btw, the Mackenzie Partners group was very quick to respond to my e-mail and call, and I was very impressed with them. (The gentleman I spoke with was really very funny).