It all comes down to money.

[Plus4206]

ME gets a 92.2% yes vote.

 

[WDSearcher]

It's money ... and the fact that there wasn't a rallying cry from the other side as there was last year. I'd be interested to see how many of the staunch "Save Disney / Fire Eisner" folks from last year actually voted this year and how much of that 92.2% is the "assumed yea" that you give when you don't bother to send in your proxy statement. I'll bet the number of just normal, everyday folks with stock who showed up this year isn't even a fraction of who showed up this year. Plus, no "Save Disney" campaign, no special bumper stickers or pins, no personal appearances. Without all that, the common denominator is cash.

 

[Peter Pirate]

And I got so much crap for simply stating this would be the case.

 

[wdw4us2]

Well, some of us were withholding our vote for Ei$ner long before Save Disney and continue to do so.

The problem this year was that Calpers was the only large pension fund that withheld their votes for Ei$ner. We small investors don't make that big a difference.

 

[DancingBear]

For the institutional investors, it definitely comes down to money. That's the way it works. They had a successful year financially.

Also, for some of the institutional investors, and for many of the other no confidence voters from last year, the primary issue was the lack of succession planning for Eisner (and an expectation that he shouldn't stay past his contract term). That issue was addressed.

 

[DukeStreetKing]

It all comes down to money is right. If everyone who is so upset with ME would not visit the parks, not watch ABC, ESPN, etc, dump their stocks, quit the DVC club, etc, etc, etc, then maybe it would have an impact. I am not happy with the way things are being run but I am also not willing to forego my love of Disney and the enjoyment that going to the parks, staying in the DVC resorts and watching the Disney owned programs brings me. So, what are we to do? My Disney stock has increased since I purchased it. I can't complain about that. I guess we will just have to grin (or not) and bear it.

 

[DVCconvert]

I'll bet the number of just normal, everyday folks with stock who showed up this year isn't even a fraction of who showed up this year.

Well wd - this 'stanch' savedisney guy did withhold his votes!
And you're right, that vote total was due to the fact that there was no organized anti-Ei$ner vote this year.

And I got so much crap for simply stating this would be the case

Not from me Peter! I merely said it would not be a wholesale 'giveme'!

I am also not willing to forego my love of Disney and the enjoyment that going to the parks, staying in the DVC resorts and watching the Disney owned programs brings me. So, what are we to do? My Disney stock has increased since I purchased it. I can't complain about that.

Duke- I hear you, and know exactly what you're saying. However, while I agree with you, I can't help but to feel that the 'fire' has been put out by using the lifeless body of my wife to thrash down the flames ( if you know what I mean ) and that there has to be a better way to get good results other than the basstardedization of Walt's vision.

 

[DukeStreetKing]

Duke- I hear you, and know exactly what you're saying. However, while I agree with you, I can't help but to feel that the 'fire' has been put out by using the lifeless body of my wife to thrash down the flames ( if you know what I mean )

Wow, I'm not sure what the heck that means.

 

[DVCconvert]

Wow, I'm not sure what the heck that means.

Having a large emotionally charged part of one's life destroyed in an attempt to achieve a comparitively important goal in a very bad way. i.e. Trying to bost sales by building theme parks on the cheap, stifling all things creative, making a penny at the cost of a dollar in good will and reputation with both cast and guests etc..

 

[crusader]

92.2% yes vote? Hey! Where'd everybody go?

 

[Peter Pirate]

Lol crusader.

 

[The Dead Guy]

Saddam used to get 100%. Eisner is off his game this year.

 

[Plus4206]

Hey Dead Guy.... your style is familiar. Are you a returnee ?

 

[DVCconvert]

Saddam used to get 100%. Eisner is off his game this year.

 

[Peter Pirate]

Seems to be a lot of that going around.

 

[crusader]

Comeon Dead Guy, Eisner didn't stick a gun to the shareholders' heads and force them to vote for him.

 

[raidermatt]

I actually thought it would be around 10% no, so he did a little better than I thought.

Not sure who gave you guys so much crud for saying he'd get a much better % this year. 'tweren't me.

But even so, 92.2 isn't exactly stellar, is it? That is of the total shareholder count, not of the total that actually voted.

But yes, obviously the outcry is not the same as last year, and I think we pretty much all knew that was the case. primarily because Eisner has committed to departing, and because of the improved short term results.

We're still where we were before the meeting... Eisner is in control and the Board considers it Iger's job to lose at this point.