How seriously did the Walt Disney Co. take the message that a large chunk of shareholders wanted CEO Michael Eisner to return his keys to the Magic Kingdom?
Eisner received the smackdown of his career at Disney's annual shareholder meeting in Philadelphia last week, suffering a 43% vote of no confidence from investors. You would think it would have prompted the board to take a long, hard look at whether he was more liability than asset. But its response, while swift, was largely unsatisfying to critics: the board let Eisner retain his role as chief executive but tapped director George...
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