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March 29, 2004
New Disney Chairman's Dual Roles Draw Criticism
The Walt Disney Company recently split the jobs of CEO and Chairman, and had ended business relationships between the company and outside directors. That hit former U.S. Senator George Mitchell's own pocket. As a Disney director, he had netted $300,000 in consulting fees. But the flow continued elsewhere. Regulatory filings show that after Mitchell stopped receiving the fees from Disney, he continued to earn them from other boards on which he sat. And that has prompted some governance experts and investment-fund officials to question his sincerity for reform and sensitivity to appearances.
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Posted By: Ray @ 9:30 AM | 
