43% no-confidence vote for Eisner

coldfire409 · Post by **coldfire409** » Wed Mar 03, 2004 3:14 pm

Just recently on CNN Headline News the votes from the sharholder's meeting in Philidelphia PA were announced.

43% of all shares were voted to kick Eisner to the curb. :D

If only a small fraction of the people who didn't vote would have voted to kick Eisner to the curb he would have lost the election. I think that Roy may have a small victory on his hands.

CujoSR: Merged Topics (One min apart... nice)

SirWillow · Post by **SirWillow** » Wed Mar 03, 2004 9:32 pm

More news coming out from CNN and NBC- Eisner has now been removed from the board and his chairman position, with George Mitchell taking over as Chairman. So far Eisner is still CEO, but we'll see if that continues or not, and for how long.

SpaceRanger · Post by **SpaceRanger** » Wed Mar 03, 2004 10:19 pm

Woooooooohooooooo! :pbjtime:

DisneyPrincess · Post by **DisneyPrincess** » Wed Mar 03, 2004 10:27 pm

Happy news :D

Mansion_Boi · Post by **Mansion_Boi** » Thu Mar 04, 2004 3:18 am

Well even if 99% or even 100% would have voted against Eisner he wouldn't have lost his job, nobody was running against him. In the Business world a vote of no confidence reaching into the 20% mark is a bad mark and most CEO choose to leave very soon after that. So 20% is considered the end of your career in the business world, I wonder what 43% would be. Either way simply having removed from the board is not enough. Also naming mitchell as the new chairman was like a slap in the face to the shareholders. There was a 23% vote of no confidence on him, he should not have even been considered. Expect some kind of lawsuits against the Disney board arise soon. Especially if change doesn't come quick. Next year the Disney board might not be as lucky and the shareholders might give them a higher vote of no confidence and hang them by the "huevos". Either way change has begun and it won't be long before our current board of directors no longer exist and we have a new CEO. If I had my way I would ask Steve Jobs to take the job as supreme Disney leader.

Thatguy · Post by **Thatguy** » Thu Mar 04, 2004 5:41 am

Mansion_Boi wrote:...naming mitchell as the new chairman was like a slap in the face to the shareholders.

Slap in the face... that was the exact wording of my thoughts when I read that.