Chief Mouseketeer in Crisis ; Disney Chairman Eisner Is in for a Hard Time Today As Shareholders Gather in Philadelphia for the Entertainment Giant's Agm
Evening Standard - London › March 03, 2004
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Summary
WEAPONS of Mouse Destruction are pointed at Disney's embattled chairman and chief executive, Michael Eisner, as he heads for the company's annual meeting in the ironically dubbed City of Brotherly Love, Philadelphia, today.
Very few people have shown Eisner any love in the past few days as irate shareholders have taken turns to castigate his performance in running the $27 billion (Pounds 14.4 billion) business over the past few years.See the full content of this document
Extract
Chief Mouseketeer in Crisis ; Disney Chairman Eisner Is in for a Hard Time Today As Shareholders Gather in Philadelphia for the Entertainment Giant's Agm
Their aim may be true but Eisner cannot be voted out of a job at the meeting. He is unopposed and therefore just a single "for" vote assures him of continuing - but if, as widely expected, some 30% of shareholders withhold their votes it will send a no-confidence message and may force the board to act.
A much talked-about scenario is that Eisner will step as...See the full content of this document
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