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March 01, 2004

Disney & Gold Willing To Return To Board

Dissident former Walt Disney Co. (DIS) directors Roy E. Disney and Stanley Gold are considering a possible return to the board if Michael Eisner is booted as chairman and CEO. The shareholder revolt they helped start has snowballed and is expected to result in the withholding of more than 30% of votes on the re-election of Eisner to the Disney board at the annual meeting on Wednesday. The duo would be "willing" to return but have no interest in running Disney as managers, according to Clifford Miller, managing director at Shamrock Holdings in Los Angeles, which manages the Disney family's investments.

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Posted By: John Yaglenski @ 1:23 PM | permalink

 

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