Eisner opposition at 43%

[pseudoE]

saw this one too:

http://www.savedisney.com/news/press_release030304.1.asp

[flipnap]

Wow that is amazing... so what now then, does it actually have to be 51%? and when is it going to a final decision?

[RobertoOrtiz]

Guys he stays for now. He survived.

-R

[UrbanFuturistic]

For now...

The best comment I've seen on the whole affair:It was the disembodied voice of a female announcer who admonished the 3,000-strong meeting to follow the usual rules before the start of business: "Attention. Attention. Please be aware of all building exits." She was not addressing Mr Eisner directly. But perhaps she should have been. She was followed on the public address system by the Mary Poppins number, "A Spoonful of Sugar" (helps the medicine go down).

Now, who days Americans don't have a sense of irony :scream:

Blood on the magic carpet as Disney mutineers say it's time to sack the chief (Independent) (http://news.independent.co.uk/world/americas/story.jsp?story=497629)

regards, Paul

[pearson]

43%! Ha HA! But I'm sure Disney corp will spin this like they love to do.

Well, I don't know what will happen to the Disney company, but Roy's article about why Pixar is more Disney than the Disney company itself, was spot on.

[Paul-Angelo]

BC-APNewsAlert,0032
PHILADELPHIA (AP) - Walt Disney board splits chairman, chief
executive positions, names George Mitchell new chairman with
Michael Eisner as CEO.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

AP-NY-03-03-04 2052EST

[dmeyer]

http://money.cnn.com/2004/03/03/news/companies/disney/index.htm?cnn=yes

[Antonbomb22]

only 43%, i expected more>_> damn u Eisner, lucky bastard!

[jeremybirn]

Originally posted by Antonbomb22
only 43%, i expected more>_> damn u Eisner, lucky bastard!

Roy & Co. were aiming for 20% (or 30% when they were more optimistic.) All it took to unseat founder & CEO Steve Case from AOL was 22%, and he was gone. Can you imagine the economic impact of that many shareholders deciding to sell, no board could ignore that big a no-confidence vote.

The board is all Eisner-friendly, so they are trying the "splitting the position" approach, but I think most of these shareholders are saying that's not enough. We'll see what happens.

-jeremy

[chadtheartist]

I agree with Jeremy. It will be awhile longer before Eisner is ousted, but I can imagine it will happen. Almost half of the shareholders aren't happy with him, and that says a lot about what Disney as a company will have to do in order to get those 43% to once again be happy with the company. Imagine if they sold their shares? Disney would be ripe for a hostile corporate takeover, from what I understand.

[neonhomer]

http://www.foxnews.com/story/0,2933,113235,00.html
"The Walt Disney Co.'s board voted unanimously Wednesday to sever the roles of chairman and chief executive, naming director George Mitchell as nonexecutive chairman. Eisner is keeping his job as CEO.""Mitchell, a former senator from Maine, may also prove to be a controversial choice. Shareholders withheld 24 percent of their votes from his re-election Wednesday -- the second highest total after Eisner."Is it just me, or did the board just make the worse desicion, seeing how the best decision would have been to replace Eisner?

[flipnap]

Neon, its more complicated than that. Disney is its own little government and like all governments there are piles of red tape.. I think thats the best they could do under the circumstances, which really turned out to be better than we hoped anyway. Eisner is a Pitbull in a room full of children.

[Neil]

Originally posted by jeremybirn
The board is all Eisner-friendly, so they are trying the "splitting the position" approach, but I think most of these shareholders are saying that's not enough. We'll see what happens.

-jeremy

In the end, the money will talk. Even if they're all buddy buddy with him, that wouldn't save him forever. If they continue to slip and other companies lose more confidence in Disney, they'd HAVE to get rid of him... right... please?....

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