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May 21, 2004
The Walt Disney Company Statement Following Meeting With Public Pension Funds
Six Directors of The Walt Disney Company Board met today with representatives of seven public pension funds that collectively hold 39.9 million shares of Disney stock, about two percent of shares outstanding, to review specific steps the company's management is taking to build long-term shareholder value as well as steps the Board is taking in the area of governance. The Board members, led by Disney Chairman George Mitchell, also solicited detailed input regarding specific performance and governance initiatives.
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