Reuters
Calpers calls for resignation of Disney's Eisner
Wednesday March 3, 4:49 pm ET
LOS ANGELES, March 3 (Reuters) - Top U.S. public pension fund Calpers on Wednesday called for the resignation of Walt Disney Co. (NYSE
IS - News) Chairman and Chief Executive Michael Eisner after more than 40 percent of shareholder votes cast at Disney's annual meeting were withheld on Eisner's re-election.
Calpers also called on the company to split the roles of chairman and chief executive, and to immediately begin work on a succession plan for Eisner. On Feb. 25, Calpers said it opposed Eisner's re-election.
Earlier on Wednesday, Disney said about 43 percent of shares voted at the company's annual meeting were withheld on the question of re-electing Eisner to the company's board of directors.
Calpers calls for resignation of Disney's Eisner
Wednesday March 3, 4:49 pm ET
LOS ANGELES, March 3 (Reuters) - Top U.S. public pension fund Calpers on Wednesday called for the resignation of Walt Disney Co. (NYSE
IS - News) Chairman and Chief Executive Michael Eisner after more than 40 percent of shareholder votes cast at Disney's annual meeting were withheld on Eisner's re-election.Calpers also called on the company to split the roles of chairman and chief executive, and to immediately begin work on a succession plan for Eisner. On Feb. 25, Calpers said it opposed Eisner's re-election.
Earlier on Wednesday, Disney said about 43 percent of shares voted at the company's annual meeting were withheld on the question of re-electing Eisner to the company's board of directors.