Calif. Pension Fund Won't Back Eisner - AP, 2/25/04 (http://news.yahoo.com/news?tmpl=story2&cid=509&u=/ap/20040225/ap_on_bi_ge/disney_eisner_4&printer=1)


The California Public Employees' Retirement System said it will withhold its votes for Eisner's re-election, citing Disney's poor performance over the past five years and saying it lacked confidence in the company's "long-term strategic vision."

"We have lost complete confidence in Mr. Eisner's strategic vision and leadership in creating shareholder value in the company," Sean Harrigan, president of the CalPERS board of administration said.

Disney Brass Get Two More 'No' Votes

By George Mannes
TheStreet.com Senior Writer
2/25/2004 7:34 PM EST

The movement against Disney CEO Michael Eisner has gained two high-profile supporters.

The California Public Employees' Retirement System -- the nation's largest public pension fund and one of Disney's 30 largest shareholders -- said Wednesday it would withhold votes for Eisner and three other company directors at Disney's shareholder meeting next week. CalPERS cited the company's "dismal performance" over the past five years, among other issues. [snip]

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I coulda warned you Mikey. Bring your weak game to Sacramento and you'll get slapped down every time.