Investment banker calls for meeting on Disney

[mjstaceyuofm]

An article from the Orlando Sentinel showing yet more unrest with Disney's financial status. Nothing we haven't heard before, just kind of re-hashed stuff being brought up yet again. Interesting things from the article though:

Providence Capital, headed by well-known corporate activist Herbert Denton, said the meeting Tuesday will focus mainly on corporate governance issues, including the remaking of Disney's board and a succession plan for Disney chief executive Michael Eisner.

So ME leaving is still being talked about by people on Wall Street and not just us...

Eisner and chief financial officer Tom Staggs will also hold what the company described as "routine" meetings with investors and analysts in New York on Friday.

Routine meetings in New York. This is where Scoop claims the shots are (or will be) called from. Could be interesting.

Any thoughts out there?

 

[Peter Pirate]

It's also been reported that Providence only votes about 2,000 shares! Me thinks this is something strange...

 

[mjstaceyuofm]

Supposedly this Denton guy is famous for stirring the pot in the past. Something does seem fishy. He could just be looking for a quick buck from Disney as the last 2 paragraphs of the article imply...