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March 04, 2004
Some Investors Displeased on Mitchell
Some investors are displeased that the Walt Disney board named George Mitchell to replace Michael Eisner as the company's chairman. 'I'm extremely disappointed with Mitchell,' said Cynthia Richson, the corporate governance officer for the Ohio Public Employees Retirement System, which controls 4.7 million Disney shares of stock. While investors are happy that Disney divided the roles of chairman and chief executive between two individuals -- in keeping with recommendations about corporate governance , they are disappointed that the board chose Mitchell because he is perceived by some people as a crony of Eisner."
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Posted By: John Yaglenski @ 5:28 PM | 
