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What's the verdict?
- Thread starter Tenny317
- Start date
PhotoDave219
Well-Known Member
Votes are being tallied. Polling in Philly ends 10 minutes after the business phase of the meeting concludes, and i believe that has happened.
Word has it that the results will be out around 3 PM.
Now the only was Eisner would be voted out is if 50.1% of the shareholders vote no, which aint gonna happen. Thats over one BILLION shares.
What is likely is a 30-40% of shareholders voting no, which is like a vote of 'no confidence' and a pretty much clear indicator that the shareholders want Eisner out. At that point, the Board might ask for his resignation. Or they wont. Its that simple.
Word has it that the results will be out around 3 PM.
Now the only was Eisner would be voted out is if 50.1% of the shareholders vote no, which aint gonna happen. Thats over one BILLION shares.
What is likely is a 30-40% of shareholders voting no, which is like a vote of 'no confidence' and a pretty much clear indicator that the shareholders want Eisner out. At that point, the Board might ask for his resignation. Or they wont. Its that simple.
PhotoDave219
Well-Known Member
Preliminary Results will be out 3:20-3:30 EST .... following the question and answer period.
goofyfan13
Well-Known Member
Is there any website that we can find the results or is someone just going to post them here when they find out??
Thanks.
Thanks.
PhotoDave219
Well-Known Member
I know theres a lot of us who are listenting to the webcast. Im sure someone will post them.
Reuters is already reporting a 40% no based on a source close to the taylies
AND SOMEONE JUST ASKED HIM TO RESIGN in the Q&A.
Reuters is already reporting a 40% no based on a source close to the taylies
AND SOMEONE JUST ASKED HIM TO RESIGN in the Q&A.
marksniles
Member
EISNER STAYS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PhotoDave219
Well-Known Member
These are the proxy votes annoyunced and are not certified.....
Eisner:
1,007,715,682 Votes For
771,691,297 Votes No
Total votes 1,779,406,979.
43% of votes cast voted against Eisner.
Eisner:
1,007,715,682 Votes For
771,691,297 Votes No
Total votes 1,779,406,979.
43% of votes cast voted against Eisner.
goofyfan13
Well-Known Member
:lol: ROFL :lol: Well 40% is a pretty good number, if that doesn't send a message to the board i don't know what does. :brick:
luvorlando
New Member
Did anyone notice the choice of music played at the conclusion of the meeting?
"Who's Afraid of the Big Bad Wolf" and "Following the Leader"
:hurl:
:dazzle:
"Who's Afraid of the Big Bad Wolf" and "Following the Leader"
:hurl:
:dazzle:
Wilt Dasney
Well-Known Member
Tenny, the votes are from individuals and corporations who hold stock in the Disney company...the more shares of the stock that a person or company holds, the more ownership they exert and thus the greater voice they have in the direction of the company. 43% of the individual shares were held by people or companies who do not have confidence in Michael Eisner, according to the numbers we're hearing. Hope that helps clear it up for you a little.
edit: Institutions might be a better term than corporations. Not sure what the rules on corporations holding stock in other corporations are, but the term "institutional shareholders" has been thrown around a lot. Someone with more expertise can explain that a lot better, I'm sure.
marksniles
Member
Originally posted by luvorlando
Did anyone notice the choice of music played at the conclusion of the meeting?
"Who's Afraid of the Big Bad Wolf" and "Following the Leader"
:hurl:
:dazzle:
I did notice that!:lol: