作者：张无忌之1989 提交日期：2004-3-8 17:12:00 | 分类： | 访问量：548
03 月08 日
Shareholders revolt to save Mickey Mouse
斯坦利•戈尔德(Stanley Gold)点上一支大雪茄，思忖着沃特迪斯尼公司(Walt Disney)精彩的股东起义。戈尔德先生是“拯救迪斯尼”运动的联合领导人之一。
Stanley Gold, co-leader of the Save Disney campaign, lit a fat cigar as he contemplated the stunning shareholder revolt at Walt Disney.
Standing outside Philadelphia's Loews hotel, opposite the convention centre, after the Wednesday's shareholder vote, Mr Gold smiled broadly. "It's a resounding victory for shareholders. The verdict is clear."
Disney's board reluctantly agreed. Within hours of the result, the directors voted unanimously to split the roles of chairman and chief executive. After 18 years at the helm of the company, Michael Eisner's dominant, combined role was at an end.
With investors representing 43 per cent of shares withholding their support for his re-appointment to both posts, boardroom changes were inevitable.
Less clear is whether the changes go far enough to placate shareholders, so many of whom are deeply unhappy with the company's performance, its governance and its management.
George Mitchell, the company's presiding director and former senate majority leader, is to become chairman - but he was rejected by 24 per cent of investors in Wednesday's vote.
Patrick McGurn of Institutional Shareholder Services, the group pressing for a separate chairman and chief executive, says: "This board has to sit down and make some hard choices. We have never seen a sitting chairman and chief executive receive a vote of this size."
The Save Disney campaign, orchestrated by Mr Gold and Roy Disney, who last year resigned as Disney vice-chairman, was blunter. Says Mr Gold: "Shareholders have waited too long and spoken too clearly . . . Michael Eisner must leave now. It is no longer sufficient to separate the role of chairman and CEO."
For the moment, Disney appears determined to ride out the storm. In a statement, it said "there appear to have been a number of different forces at work in the shareholder vote".
While agreeing to split the roles of chairman and chief executive, the board reiterated its support for Mr Eisner and his strategy. "The level of earnings and improved returns we expect going forward make us confident that results will validate our judgment on the quality of our management team," the board said.
The directors also dismissed again a near-$60bn hostile bid from Comcast, the cable giant, saying the offer remained inadequate.
Disney's stance has left shareholders and analysts wondering what has changed.
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