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April 04, 2004

Forced To Act, Disney's Board Considers Its Next Steps

When the board of the Walt Disney Company convenes for a two-day corporate retreat at Disneyland later this month, directors are expected to debate how powerful they should become in light of the recent shareholder revolt that led to Michael D. Eisner losing his chairman's title. Depending on which viewpoint prevails, it could affect not only how much of a hand Mr. Eisner, 62, has in naming his successor but also whether he leaves before his contract ends in 2006.

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