Pension Fund and Proxy Firm Join Critics of Disney Chief - New York Times, 2/25/04

[Darkbeer]

Pension Fund and Proxy Firm Join Critics of Disney Chief - New York Times, 2/25/04

QuikQuote: "We have lost complete confidence in Mr. Eisner's strategic vision and leadership in creating shareholder value in the company," said Sean Harrigan, president of the board of administration of the California Public Employees' Retirement System, which owns 9.9 million Disney shares and has a reputation for shareholder activism. "We believe shareholders should send the message loudly and strongly that it is time for Disney to get a more focused strategy that will improve shareholders' return on invested capital."
The decision comes on the same day as a no-confidence vote for Mr. Eisner from the proxy adviser Glass, Lewis & Company, the second such organization to advise stockholders to withhold votes for the chief executive in two weeks.

[wendybeth]

OMG! I read the name Sean Harrigan and I thought "no way, just a coincidence..". Then I did a search and there he was- I know him! My mom used to be his secretary at the UFCW; she was friends with him until he pulled something 'innappropriate' while they were at a meeting in Washington DC and she quit and sued him. (And won). Wow, small world. They later became friends again, so maybe I'll drop him a line...