Pension Funds Put the Boot Into Disney Boss

Evening Standard - London › February 27, 2004

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Summary

MICHAEL Eisner's position as chairman of Disney has suffered a potentially fatal blow with five influential state pension funds calling for the end of his reign.

They are following the lead of Californian super-pension fund CalPERS, which came out against him on Wednesday.

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Pension Funds Put the Boot Into Disney Boss

Although the funds control only 30 million shares, about 1.5% of the company's stock, their public oppositio...

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