EISNER WINS ON DISNEY BOARD.Byline: Marla Matzer Staff Writer Shareholders of The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. on Tuesday re-elected 10 directors to the Burbank entertainment giant's board and soundly rejected stockholder proposals to alter the board election process and consider reducing executive compensation. About 3,000 people attended Disney's annual shareholder meeting in Chicago. Michael Eisner Michael Dammann Eisner (born March 7, 1942) was CEO of The Walt Disney Company from September 22, 1984 to September 30, 2005. Early life Michael Eisner was born to a wealthy family in Mt. Kisco, New York, and raised on Park Avenue in Manhattan. , chairman and chief executive officer, remarked that Chicago is home to a staggering 18 Disney stores and five Disney- owned radio stations. He predicted big business for Disney's next animated film, ``Dinosaur,'' due out Memorial Day weekend, and reveled in the fact that ``most of the studios who tried their hands at animation have packed up and gone home.'' Among those re-elected to the Disney board were Roy Disney Roy Disney can refer to two different people:
Poitier and George Mitchell, former U.S. Senate majority leader. Not everyone is happy. Proxy Monitor, a New York-based voting adviser to institutional investors, had recommended that shareholders withhold votes from Mitchell and Reveta F. Bowers, an educator identified as the principal of a school once attended by Eisner's children. James E. Heard, chief executive of Proxy Monitor, said the recommendation was made ``to send a message to Disney that it needs to change the composition of its board.'' He said Mitchell and Bowers, in addition to some other board members, have conflicts of interest. ``Mrs. Bowers and Sen. Mitchell serve on Disney's audit committee. . . . Mrs. Bowers is a member of the compensation committee and the executive performance committee.'' Heard isn't alone in his view. He said complaints by major institutional investors have begun to bring about what he called baby steps toward improvement, such as the addition of more independent board members. About a month ago, Business Week magazine named Disney's board the worst in the country, citing conflicts of interest. Also a sore spot for some shareholders is the lack of a universal employee stock ownership plan, while Eisner and other top executives rake in what critics call a bloated portion of the pay and perks. Michele McGeoy, the chief executive of software company RH Solutions and a Disney shareholder, attended Disney's meeting on behalf of United for a Fair Economy, a nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. that spotlights economic inequality in the United States. The organization petitioned unsuccessfully for a shareholder vote on an employee ownership plan. Speaking by phone from Chicago, McGeoy said she had received ``pretty long, sustained applause'' after she spoke for about two minutes at the end of the meeting on the benefits of employee ownership. She vowed that UFE UFE Uterine Fibroid Embolization UFE United for a Fair Economy UFE Ufficio Federale dell'Energia UFE Uniform Final Examination UFE Urban Challenge Final Event (DARPA) UFE Unidentified Flags and Ensigns UFE Unrestricted Free Agent would reword re·word tr.v. re·word·ed, re·word·ing, re·words 1. a. To change the wording of. b. To state or express again in different words. 2. and resubmit Verb 1. resubmit - submit (information) again to a program or automatic system feed back return, render - give back; "render money" the resolution ``and push it again next year.'' |
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