Disney, states talked CEO succession, new director

[Phoebesaturn]

http://www.forbes.com/business/services/newswire/2004/05/21/rtr1380589.html

Reuters, 05.21.04, 1:19 PM ET

NEW YORK (Reuters) - Walt Disney Co. Chairman George Mitchell said Friday he had outlined broad CEO succession planning at a meeting with six state pension funds and would consider their suggestions when choosing a new board member this year.

Disney directors met with representatives of six funds from California, New York, Connecticut, Ohio and North Carolina that had led a protest vote at the March 3 annual meeting.

Chief Executive Michael Eisner, who was stripped of the chairman role after that March 3 meeting, did not attend Friday's meeting in New York between Mitchell and the pension funds.

Copyright 2004, Reuters News

 

[barreloflaughs]

"So prepare for the chance of a lifetime
Be prepared for sensational news
A shining new era
Is tiptoeing nearer...."

Well, a guy can hope can't he?

carl
barrel

 

[ohanafamily]

JMHO, but SMOKE AND MIRRORS... It is like sending the vice president as a peace envoy... No real power unless something awful happens.....