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)
43% no-confidence vote for Eisner
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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.
Slap in the face... that was the exact wording of my thoughts when I read that.Mansion_Boi wrote:...naming mitchell as the new chairman was like a slap in the face to the shareholders.
"How many people woke up this morning saying 'I have to do the Jungle Cruise?' yeah, me too, I sat on the edge of my bed crying for half an hour."