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Disney Chief Michael Eisner Loses Connecticut Pension Fund's Support.
Knight Ridder/Tribune Business News, February, 2004
By Matthew Lubanko, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Feb. 27--The state of Connecticut's pension fund, joining pension fund managers in other states, announced Thursday that it will withhold its vote to re-elect Michael D. Eisner as Walt Disney Co.'s chairman and chief executive.
"Investors must cut through the antagonism, mixed signals and competing interests" at Disney, said Connecticut Treasurer Denise L. Nappier in a prepared statement Thursday. Disney is the parent of the ESPN all-sports cable TV network, which has headquarters in Bristol. Disney is also the target of a $54 billion takeover offer submitted Feb. 11 by Comcast Corp.
By publicly declaring Thursday it would cast what some regard as a "no...
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