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Pension fund opposes re-electing Eisner to Disney's board - LA Times, 2/10/04

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  • Pension fund opposes re-electing Eisner to Disney's board - LA Times, 2/10/04

    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."

    CalPERS, with $180 billion in assets, said it opposes any future role for Eisner on Disney's board. The fund said it had "lost confidence in Mr. Eisner's ability to contribute to long-term shareowner-value creation."
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  • #2
    Anyone up for a Colorado Micechatters meet-up?

    Colorado Micechatter Extrordinare!


    • #3
      Even though my wife and I had Calpers and can't stand them, this was an excellent move on their part!!!
      Down with bubble lips Eisner!!
      1st Amendment-Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.