Walt Disney Company CEO Michael Eisner re-elected at annual shareholders'
meeting
MINNEAPOLIS - Walt Disney Co.'s board of directors, including Chief
Executive Michael Eisner, were easily re-elected at the annual meeting
on Friday, a sharp turn from last year's widespread shareholder protest.
Eisner, whose re-election to the board was opposed by 45 percent of
votes cast last year, on Friday won 92.2 percent.
That was the lowest support among directors, according to results read
to shareholders.
Board Chairman George Mitchell was opposed by 6.9 percent of votes
cast, according to the preliminary tally. Mitchell was elected chairman
by the board last year after the protest vote.
Dissident shareholders Roy Disney and Stanley Gold, who sparked the
revolt last year, had said this year they would be withholding support
for the board due to lack of clear progress finding a replacement for
Eisner.
Mitchell told the meeting the board was on track to name its choice
by June.
