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Calpers says it won't back Eisner!!!
CBS MarketWatch.com ^ | 2/25/04 | Russ Britt

Posted on 02/25/2004 2:54:46 PM PST by SierraWasp

5:39pm 02/25/04

Calpers says it won't back Eisner (DIS) By Russ Britt

LOS ANGELES (CBS.MW) -- The California Public Employees Retirement System said Tuesday it will withhold voting for Walt Disney Co. (DIS) Chairman and Chief Executive Michael Eisner on its nearly 10 million shares of company stock. Also known as Calpers, the group said it has "lost complete confidence in Mr. Eisner's strategic vision and leadership in creating shareholder value in the company." Calpers said it will vote to retain all other board members.


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: calpers; disney; eisner
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To: SierraWasp
"He's dead Jim..."
21 posted on 02/25/2004 3:17:55 PM PST by Cold Heat (In politics stupidity is not a handicap. --Napoleon Bonapart)
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To: dfwgator
When CALPERS talks, people listen.

Yes.

It's the biggest pension fund in the world.

22 posted on 02/25/2004 3:21:40 PM PST by happygrl
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To: BOBTHENAILER; Miss Marple
Why would Arnold have a beef with Eisner? I'm trying to understand. Help.
23 posted on 02/25/2004 3:25:33 PM PST by SierraWasp (EnvironMentalism is NOW beyond the point of "Diminishing Returns!" GANG-GREEN is setting in!!!)
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To: SierraWasp
Well, Disney has 2 billion shares outstanding, so CALPERS 10 million shares isn't that large an amount. I bet Eisner himself owns more (or options thereon).
24 posted on 02/25/2004 3:30:39 PM PST by BushMeister
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To: All
MajorDisneyShareholders
25 posted on 02/25/2004 3:34:29 PM PST by BushMeister
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To: SierraWasp
Even if Eisner wins re-election, he is in a world of hurt. The Board will NOT let Eisner get voted out - he'll be forced to "retire" or just plain tossed out.
26 posted on 02/25/2004 3:36:15 PM PST by Fury
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To: BushMeister
yeah but if the largest fund isnt confident that screams.
27 posted on 02/25/2004 3:39:24 PM PST by Walkingfeather
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To: SierraWasp
Just a guess on my part, not based on any shred of reality. It just wouldn't surprise me.
28 posted on 02/25/2004 3:40:08 PM PST by BOBTHENAILER (One by one, in small groups or in whole armies, we don't care how we do, but we're gonna getcha)
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To: SierraWasp
I dunno if this is good, or not.
Being a public service group in CA,
CALPERS, I would think, is as liberal as liberal can be.

They may want someone even more bizarre the Eisner !!!
29 posted on 02/25/2004 3:43:14 PM PST by AlexW
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To: BOBTHENAILER
Good news indeed for the Dump Eisner movement. So long. Mikey. Can't say it's been swell, 'cause it hasn't. LOL.
30 posted on 02/25/2004 4:28:36 PM PST by Liz
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To: Miss Marple
Can you believe it? I guess CALpers reads the FR boards. LOL.

Miss M, have to say you sure delivered the goods to FReepers on Mikey.

31 posted on 02/25/2004 4:31:32 PM PST by Liz
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To: AlexW
"They may want someone even more bizarre the Eisner !!!"

HOLY TOLEDO!!! Don't even think that, let alone say it out loud!!!(grin)

The forces of darkness might become cognizant of your darkest thought!!!

32 posted on 02/25/2004 5:41:20 PM PST by SierraWasp (EnvironMentalism is NOW beyond the point of "Diminishing Returns!" GANG-GREEN is setting in!!!)
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To: SierraWasp
What happen to Calpers?

Why are they doing something that is right not PC or to feather the nests of elite leftist fascists in control of leftist companies?
33 posted on 02/25/2004 11:27:31 PM PST by Grampa Dave (John F'onda Kerry has been a Benedict Arnold and legislative terrorist since Nam!)
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To: Grampa Dave
Hell may be starting to freeze up!!!
34 posted on 02/26/2004 7:11:32 AM PST by SierraWasp (EnvironMentalism is NOW beyond the point of "Diminishing Returns!" GANG-GREEN is setting in!!!)
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