Fund Seeks Power to Nominate Disney Directors
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Four of the largest US public pension funds on Tuesday said they would ask Walt Disney Co. shareholders to change company policy to let investors nominate two independent directors to the board.
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The Walt Disney Company said on Wednesday that Fred H. Langhammer, an executive for the EstÃ©e Lauder Companies, was named to its board as an independent director and
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Walt Disney Co.'s directors nominated Michael Ovitz to serve on its board for another three years at a meeting just weeks before forcing him out of his job as president, evidence showed on Friday at the trial of a suit brought by shareholders.
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A Delaware court next Monday will begin considering the shareholder lawsuit over the $140 million severance that Walt Disney paid its former president Michael S. Ovitz.
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Lobbyists for Walt Disney set out to persuade Congress for up to $200M to promote U.S. tourism.
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Directors at Walt Disney nominated Michael Ovitz to serve on its board for three years at a 1996 meeting just weeks before forcing him out of his job as president, Ovitz told a Delaware court yesterday.
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LOS ANGELES, Oct. 25  â An investment group affiliated with labor unions has called on Countrywide Financial, the struggling mortgage lender, to let shareholders play a role in nominating a successor to Henry G. Cisneros on the companyâs board.
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By Journal Record Staff  The Samuel Roberts Noble Foundation and the Oklahoma Association of Conservation Districts will present the Outstanding Conservation District Director Award.
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A presidential commission has modified its proposal for a trust fund that would use up to &#36;4 billion in annual offshore oil and gas royalties to safeguard oceans and coastal areas. The change was to answer governors' fears the idea might spur more drilling off their coasts.
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Breeden Capital Partners, an investment fund that owns 1.8 percent of H&R Blockâs shares, estimated its nominees received about 82 percent of the votes cast.
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Four of the largest U.S. public pension funds on Tuesday said they would ask Walt Disney Co. shareholders to change company policy to let investors nominate two independent directors to the board.
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Walt Disney Co. dissident shareholders Roy Disney and Stanley Gold, who have called for Chief Executive Michael Eisner&#39;s replacement, said their campaign was successful and praised the board&#39;s
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Los Angeles - Walt Disney&#39;s board of directors on Tuesday said it will consider both external and internal candidates to replace outgoing chief executive Michael Eisner, and that it plans to find a successor by June 2005.
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By Bloomberg News. Michael D. Eisner, the chief executive of Walt Disney, kept board members abreast of the negotiations to hire the talent agent Michael S. Ovitz as the company&#39;s president
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Roy Disney, heading a dissident shareholder group at the Walt Disney Co., urged board members to accelerate the departure of chief executive Michael Eisner, who plans to resign in September 2006.
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The Walt Disney Co. board of directors received rare praise Tuesday from its biggest critics, Roy E. Disney and Stanley Gold, who say they support having an outside firm help find the successor to CEO Michael D. Eisner.
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Institutions like the Guggenheim and Lincoln Center are trying to lure hedge fund executives to join their boards.