Darkbeer
02-09-2005, 11:16 PM
http://www.orlandosentinel.com/business/orl-bizdisney10021005feb10,1,3975880.story?coll=orl-business-headlines (http://www.orlandosentinel.com/business/orl-bizdisney10021005feb10,1,3975880.story?coll=orl-business-headlines)
QuikQuote: The California Public Employees' Retirement System, the nation's largest public pension fund, said Wednesday it opposes re-electing Michael Eisner, Walt Disney Co.'s chief executive officer, to the company's board.
Christianna Wood, CalPERS' senior investment officer, said the fund won't vote its 9.44 million Disney shares in favor of Eisner at the company's annual meeting Friday in Minneapolis. "We wanted to send a message that he needs to move on," Wood said. "He should not remain on the board. It's bad governance."
QuikQuote: The California Public Employees' Retirement System, the nation's largest public pension fund, said Wednesday it opposes re-electing Michael Eisner, Walt Disney Co.'s chief executive officer, to the company's board.
Christianna Wood, CalPERS' senior investment officer, said the fund won't vote its 9.44 million Disney shares in favor of Eisner at the company's annual meeting Friday in Minneapolis. "We wanted to send a message that he needs to move on," Wood said. "He should not remain on the board. It's bad governance."