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April 19, 2004
Disney 401K Vote 72.5% Against Eisner
Nearly three-fourths of shareholders in Walt Disney Co.'s 401(k) plan cast ballots to remove Chief Executive Michael Eisner, it was revealed Monday. Dissident shareholders Roy Disney and Stanley Gold released data that showed a larger portion of 401(k) participants cast their ballots to remove the company's former chairman than the overall shareholder vote of 45.4 percent indicates. Further, 63.7 percent of 401(k) participants voted to remove George Mitchell from the Disney board. Disney officials said Fidelity Investments was responsible for most of the vote, voting in proportion to the small group of 401(k) participants who actually cast a ballot.
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Posted By: Ray @ 5:01 PM | 
