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September 03, 2004
Disney Critics Not Letting Go Of Campaign To Oust Eisner
The Walt Disney Co. has made substantial progress quieting the dissent that reached a climax last March with an unprecedented vote of no confidence against CEO Michael Eisner. But the fight isn't over. Eisner is almost certain to face a renewed challenge from former directors Roy E. Disney and Stanley Gold, who will likely put together their own slate of nominees for the board by year's end. Since the March shareholders meeting, the two dissidents have led a steady, albeit more low-profile campaign against Disney through their Web site, SaveDisney.com. Run from the Burbank offices of Shamrock Holdings, a firm operated by Gold that handles Roy Disney's investments, the effort is becoming more aggressive as Disney reaches the end of its fiscal year and the deadline approaches to formally launch a proxy fight.
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