CarolKoster
02-27-2004, 05:14 AM
New York Times
Criticism Mounting as Disney's Leader Faces Crucial Vote
By LAURA M. HOLSON
Published: February 27, 2004
LOS ANGELES, Feb. 26 — What began as a trickle of discontent over Michael D. Eisner's leadership of the Walt Disney Company has become far broader as a growing number of large investors have expressed a lack of confidence in the company's management.
As many as one of every three Disney shares are expected to be withheld from voting on Mr. Eisner in next week's annual board election, according to two people close to Disney who have talked to companies tallying the early votes. That is a much higher percentage than dissident shareholders can usually muster in such votes.
Mod Note: Copyrighted material removed (http://mousepad.mouseplanet.com/showthread.php?threadid=7979). Please keep quotes of copyrighted material to a few sentences, but feel free to add a link to the complete article. Thank you! Adrienne K
Criticism Mounting as Disney's Leader Faces Crucial Vote
By LAURA M. HOLSON
Published: February 27, 2004
LOS ANGELES, Feb. 26 — What began as a trickle of discontent over Michael D. Eisner's leadership of the Walt Disney Company has become far broader as a growing number of large investors have expressed a lack of confidence in the company's management.
As many as one of every three Disney shares are expected to be withheld from voting on Mr. Eisner in next week's annual board election, according to two people close to Disney who have talked to companies tallying the early votes. That is a much higher percentage than dissident shareholders can usually muster in such votes.
Mod Note: Copyrighted material removed (http://mousepad.mouseplanet.com/showthread.php?threadid=7979). Please keep quotes of copyrighted material to a few sentences, but feel free to add a link to the complete article. Thank you! Adrienne K