Buzz2001
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- May 14, 2000
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As many as 30% of shareholders were expected to protest Eisners leadership at the company, withholding their votes for his reelection as chairman despite the fact he is running unopposed. No chairman of a public company has ever seen more than a 28% withhold vote, according to Fulcrum Global Partners media analyst Richard Greenfield.
Early this afternoon, Eisner's rivals in a press release claimed shareholders withheld more than 40% of votes from Eisner based on their estimates, a "resounding vote of no confidence." Disney has not confirmed or responded. And Reuters confirmed the claim as well. CNBCs Rebecca Quick said the whisper number in the meeting was that 42% of shares had been withheld from Eisner.
As many as 30% of shareholders were expected to protest Eisners leadership at the company, withholding their votes for his reelection as chairman despite the fact he is running unopposed. No chairman of a public company has ever seen more than a 28% withhold vote, according to Fulcrum Global Partners media analyst Richard Greenfield.
Early this afternoon, Eisner's rivals in a press release claimed shareholders withheld more than 40% of votes from Eisner based on their estimates, a "resounding vote of no confidence." Disney has not confirmed or responded. And Reuters confirmed the claim as well. CNBCs Rebecca Quick said the whisper number in the meeting was that 42% of shares had been withheld from Eisner.