Eisner has overseen substantial growth at Disney in nearly 20 years as CEO. But the share price has stumbled in recent years and Roy Disney, the nephew of company founder Walt Disney, has spearheaded a move to oust Eisner from the board.
Comcast's bid for Disney puts still more pressure on Eisner. The top U.S. cable TV operator said it launched its hostile bid after Eisner refused to enter talks.
Institutional Shareholder Services recommended on Wednesday that Disney shareholders withhold their vote to reelect Eisner to the board, to show their disapproval with Eisner and Disney's corporate governance.
Thursday's presentations marked the second day of Disney's annual two-day investors conference, held at Walt Disney World in Orlando, Florida. Disney has traditionally used the annual forum as a pep rally to instill confidence among its vast array of shareholders.
Executives stuck to the script in morning sessions. Disney Chief Operating Officer and President Robert Iger told analysts the company was poised for a growth spurt.
Posted by Ron at February 12, 2004 07:22 PM