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California Pension Funds Recommend Ouster of Disney Board Chairman Eisner.
Knight Ridder/Tribune Business News, February, 2004
By Richard Verrier, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Feb. 26--The campaign to oust Michael D. Eisner as board chairman of Walt Disney Co. got a boost Wednesday as two of California's largest pension funds and a major shareholder advisory firm recommended against the executive's re-election.
With a shareholder vote just days away, the California Public Employees' Retirement System and the California Teachers' Retirement System blamed Eisner for Disney's poor financial performance in recent years.
"We have lost complete confidence in Mr. Eisner's strategic vision and leadership in creating shareholder value in the company," CalPERS president Sean Harrigan said. CalPERS is the 29th largest single Disney...
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